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FG reviews expatriate quota administration

19.03.2025
The Federal Government has reaffirmed its commitment to transparency and accountability in the administration of expatriate quotas. This is following recent allegations of irregularities in the oil sector. The Petroleum and Natural Gas Senior Staff Association of Nigeria had last week protested at Sterling Oil Exploration and Energy Production Company’s headquarters in Lagos. The union...
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TAJBank unveils new N20bn Sukuk bond

19.03.2025
TAJBank has announced plans to issue a N20bn Mudarabah Sukuk as part of its N100bn Sukuk programme, which aims to strengthen its Additional Tier 1 capital and support business expansion. In a statement made available by the bank to our correspondent on Monday, the new investment initiative, coming nearly two years after the bank successfully...
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Sterling HoldCo lists 16.67bn shares

18.03.2025
Sterling Financial Holdings Company Plc has listed an additional 16.67 billion ordinary shares on the Nigerian Exchange Limited following the completion of its private placement. The NGX, in its Market Bulletin issued on Monday, confirmed the listing, stating that the newly added shares arose from Sterling HoldCo’s private placement of 16,666,666,667 ordinary shares of 50...
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Nestlé rebrands product to meet nutritional needs

18.03.2025
Nestlé Nigeria has rebranded one of its products to address local nutritional needs and improve food accessibility for consumers. Speaking at the launch, Managing Director/Chief Executive Officer of Nestlé Nigeria, Wassim Elhusseini, said the rebranding aligns with the company’s commitment to providing affordable and accessible nutrition. He added that the product was developed over two...
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Bearish sentiment persists as NGX sheds N8bn

18.03.2025
The Nigerian Exchange extended its losing streak on Monday, shedding N8bn as investors continued to react to market headwinds. The benchmark All-Share Index declined by 155.96 points, or 0.15 per cent to close at 105,799.17 points, dragging the market capitalisation down to N66.3tn. Despite the market’s recent losses, the All-Share Index still maintains a year-to-date...
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Firm unveils project to bridge housing deficit

18.03.2025
A Nigerian real estate company, Terra Developers, has unveiled its latest project, Nathan’s Bay, which features three distinct waterfront communities to bridge the lingering deficit gap in the country. Speaking at the unveiling of Nathan’s Bay in the Lakowe-Lekki area of Lagos State recently, the Managing Director of the company, Kola Ashiru-Balogun, said the project...
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AMCON recovers N2.1tn from debtors

18.03.2025
The Asset Management Corporation of Nigeria said it has recovered over N2.1tn in debts despite its challenges since inception. It also stated that the corporation currently has over 2,000 cases in court, as some of AMCON’s debtors owe nearly N5tn, adding that the debtors who borrow these monies do not use it for the purpose...
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Dangote refinery polypropylene set to hit market

18.03.2025
The Dangote oil refinery has commenced the startup of its polypropylene facility in Lagos, The PUNCH reports. Our correspondent gathered that the polypropylene facility will be officially unveiled soon. S&P Global also reports that starting up Dangote’s 830,000 metric tonnes per year polypropylene site was one of the last outstanding milestones for the oil refining...
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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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