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Cedrus partners RusselSmith on N3bn commercial paper issuance

20.03.2025
Cedrus Capital Limited, a financial advisory firm under Cedrus Group Africa, has successfully arranged the oversubscribed N3bn series one commercial paper issuance for RusselSmith Nigeria Limited, the company said in a statement on Tuesday, a financial advisory firm under Cedrus Group Africa, has successfully arranged the oversubscribed N3bn series one commercial paper issuance for RusselSmith...
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Aero Contractors expands facility, targets one-stop MRO

20.03.2025
Aero Contractors Airline has commenced the expansion of its maintenance, repair and overhaul facility with the dream of transforming it into a one-stop maintenance hub for Western and Central Africa while also enhancing its heavy maintenance visits capability. The managing director of the airline, Capt Ado Sanusi, made this known shortly after signing a pact...
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Global trade will be steady in early 2025 – WTO

20.03.2025
The World Trade Organisation has revealed that global goods trade remained stable in the final quarter of 2024 and showed signs of continued growth in early 2025. According to the latest World Trade Organisation Goods Trade Barometer, the indicator, which provides real-time insights into merchandise trade trends, edged up slightly to 102.8 from 102.7 in...
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12 listed firms lose N1.4tn to naira depreciation – Report

20.03.2025
Twelve businesses suffered a cumulative foreign exchange loss of N1.40tn in 2024, as revealed in their unaudited financial statements, The PUNCH reports. The losses, driven by the naira’s depreciation, highlight the deepening impact of forex volatility on corporate earnings across multiple sectors, including telecommunications, manufacturing, and food production. Foreign exchange loss refers to the financial...
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CBN approves Greenwich Holding Company structure

20.03.2025
The Central Bank of Nigeria has approved a financial holding company structure, Greenwich Holdings Limited, for Greenwich Merchant Bank Limited. In a statement on Tuesday, the bank said that the regulatory approval marked a significant step enabling Greenwich Group to consolidate its existing financial service businesses, expand into new markets, and strengthen its position as...
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Morgan Stanley to sack 2,000 employees

20.03.2025
Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, according to a report by Reuters. The reduction of 2% to 3% of the company’s workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity. Morgan Stanley had more than 80,000 employees worldwide at...
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Dangote refinery suspends petrol supply in naira

20.03.2025
The Dangote refinery has officially announced that it is halting the supply of petroleum products in naira. In a statement by the refinery on Wednesday, the Dangote Group said the suspension is temporary. This followed reports that the Nigerian National Petroleum Company Limited might have stopped the sale of crude in naira to the Dangote...
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FG urged to stop military attacks on power companies

20.03.2025
The Federal Government has been asked to take decisive action to stop the military attacks on electricity distribution companies. Stakeholders who condemned the attacks said the act is capable of scaring away prospective investors. The PUNCH reports that the Federal Government has come under fire for its silence over the attacks on electricity distribution companies...
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JMG sensitises Nigerians to solar sustainability

20.03.2025
JMG Limited, a provider of electro-mechanical solutions in Nigeria, has sensitised Nigerians to how sustainable it is to adopt solar energy amid the country’s epileptic power supply. During a recent Solar Appreciation Day road walk in Lagos, JMG raised awareness about engineering solutions for sustainable development, including renewable energy innovations such as solar power. Speaking...
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NCDMB to honour local content-compliant firms

20.03.2025
The Nigerian Content Development Monitoring Board, in partnership with Sweetcrude Limited, says it is ready for the launch of the ‘Champions of Nigerian Content Awards’. NCDMB said the award ceremony aims to recognise and celebrate individuals and companies that have made significant contributions to the development of Nigerian content in the oil and gas industry....
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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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