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Nigeria-Brazil agribusiness deal to attract $4.3bn investments

26.11.2024
The Federal Government, through the Ministry of Agriculture and Food Security and Fundação Getulio Vargas of Brazil, have signed a Memorandum of Understanding to advance private sector development in fertiliser production, hybrid seed technology, and agricultural finance. The MoU was signed on behalf of the government by the Permanent Secretary of FMAFS, Mr Temitope Fashedemi,...
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Three banks to raise over N500bn in rights issue

26.11.2024
As the second set of banks enter the capital market to raise additional funds to meet the new capital base requirement by the Central Bank of Nigeria, rights issues appear to be the preferred option. Already in the market with a N150bn rights issue is FBN Holdings with 5,982,548,799 ordinary shares of 50 kobo each...
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Equity market gains N77bn, nears N60tn capitalisation

26.11.2024
The Nigerian equity market recorded a gain of N77bn in the past week, bringing the total market capitalisation closer to the anticipated N60tn threshold. The market capitalisation is currently N59.29tn. The All-Share Index appreciated by 0.11 per cent to close at 97,829.02 points, reflecting positive market sentiment. A total turnover of 1.95bn shares worth N35.86bn...
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NACCIMA cautions against arbitrary taxation on businesses

26.11.2024
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has expressed concerns over the long-term implications of arbitrary taxation on businesses and the nation’s economy. Speaking at the 45th Trade Fair hosted by the Kano Chamber of Commerce, Industry, Mines, and Agriculture, NACCIMA President, Dele Oye, emphasised that high taxes hinder innovation, stifle...
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Zenith Bank ushers in Yuletide with Lagos street light-up

25.11.2024
Zenith Bank has set the tone for the festive season as it launched its annual Christmas decorations of the Ajose Adeogun Street and Roundabout in the Victoria Island area of Lagos. The Group Managing Director/Chief Executive of Zenith Bank Plc, Adaora Umeoji, performed the official launch of the Light-Up of Ajose Adeogun Street and Roundabout,...
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Meet deadlines or face contract termination, LASG warns

25.11.2024
The contractors handling various housing projects on behalf of the Lagos State Government have been warned to deliver all aspects of the projects as scheduled in all contract agreements or have contracts terminated and re-awarded to those who will deliver on time. The Commissioner for Housing in Lagos State, Moruf Akinderu-Fatai, who had earlier expressed...
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Procold unveils new packaging at 97th annual PSN conference

25.11.2024
At the 97th Annual Conference of the Pharmaceutical Society of Nigeria in Uyo, Procold unveiled what it called a fresh and modernised look, marking an exciting new chapter for the “beloved” cold relief brand. The updated branding, anchored in the theme, ‘Fresh Look, Same Efficacy’, underscores Procold’s decades-long commitment to reliability and innovation in healthcare....
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Dangote Cement plans N300bn bond issuance

25.11.2024
Dangote Cement Plc has announced plans to issue its Series I bonds under its N300bn multi-instrument issuance programme. This was contained in a recent statement by the company. Dangote Cement Plc said it has obtained approval from its Board of Directors to access medium to long-term debt funding from the domestic capital markets. The proceeds...
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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
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

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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