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Equity market rebounds with N369bn gain

26.03.2025
The Nigerian equity market rebounded on Monday with a gain of N369bn as the All-Share Index rose by 0.56 per cent to close at 105,551.39 points, reversing the losses recorded in the previous week. The total market capitalisation stood at N66.2tn, reflecting renewed investor confidence in the equity market. This recovery reversed last week’s losses,...
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Power generators fear collapse over N4.7tn debt

26.03.2025
The Federal Government said it is taking necessary steps to offset the N4.7tn debt owed to power generation companies to avert a possible nationwide blackout. This came as stakeholders expressed fears that some power generation companies might be forced to shut down due to a lack of liquidity in the sector unless there is an...
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Dangote refinery, others may import $1.4bn crude monthly

26.03.2025
The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six months, The PUNCH reports. This means the refiners may spend about $1.43bn monthly on the importation of crude oil into Nigeria. The plants may spend...
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FG clamps down on fake NIN card producers

26.03.2025
The Federal Government has launched a crackdown on individuals and organizations involved in the unauthorised printing of National Identification Number cards, warning that offenders will face legal action. The National Identity Management Commission, in a statement issued on Monday, said it had observed the indiscriminate production of fake NIN cards by cyber cafés and other...
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Depot owners condemn naira-for-crude deal

26.03.2025
The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole has condemned the sale of crude oil in naira by the Federal Government to the Dangote Petroleum Refinery. Adewole said, “The naira-for-crude oil transaction framework presents significant risks that could affect Nigeria’s foreign exchange stability and deter foreign direct investment.”...
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UBA posts N804bn profit, total assets hit N30.4tn

25.03.2025
United Bank for Africa Plc has reported a profit before tax of N803.73bn for the 2024 financial year, driven by solid core earnings and improved operational efficiency. This was indicated in the bank’s audited financial results, filed with the Nigerian Exchange Limited on Monday, which also showed the profit after tax hitting N766.57bn from N607.69bn...
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Unilever advocates gender inclusion, workplace equity

25.03.2025
Unilever Nigeria has reaffirmed its commitment to gender inclusion and workplace equity, marking the 2025 International Women’s Day with a series of events across its Oregun and Agbara sites. In a statement, Unilever noted that it brought together professionals and advocates to discuss the role of diverse and inclusive leadership in fostering a productive workplace....
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Petrol crisis eases in Niger after Nigeria’s bailout

25.03.2025
The pump prices of Premium Motor Spirit (petrol) in neighbouring Niger Republic have started reducing following the supply of the commodity from Nigeria, The PUNCH reports. Multiple residents in border communities and insider security sources familiar with the development confirmed that hundreds of petrol tankers have started making their way from Nigeria to Niger Republic....
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Less than 10% of Nigerian land documented – Minister

25.03.2025
The Federal Government has disclosed that less than 10 per cent of Nigerian lands were documented in 140 years. Speaking at the Workshop on the National Land Registration and Documentation Programme in Abuja recently, the Minister of Housing and Urban Development, Ahmed Dangiwa, highlighted the dire state of land documentation in Nigeria. “Since the inception...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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