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Discos threaten to sue military for vandalising IKEDC

12.03.2025
Power distribution companies have decried the persistent non-payment of electricity bills by the military and government ministries, departments, and agencies, stressing that this is also responsible for the challenges facing the country’s power sector. They also threatened to sue the military following the vandalism of the Ikeja Electricity Distribution Company by armed Air Force men....
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Savannah Energy completes acquisition of SIPEC

12.03.2025
Savannah Energy Plc has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited, strengthening its foothold in Nigeria’s oil and gas sector. According to a statement, the deal grants Savannah a 49 per cent non-operated stake in the Stubb Creek oil and gas field, which is 51 per cent owned and...
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Five firms target N54bn profit in Q2

11.03.2025
Five companies listed on the Nigerian Exchange are projected to rake in a combined profit after tax of N54.77bn for the second quarter ending June 30, 2025, based on their earnings forecasts. An analysis of the financial projections shows that FCMB Group is expected to lead the pack with a profit after tax of N36.64bn,...
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Agents to engage shipping companies over hike in charges

11.03.2025
Licensed customs agents have concluded plans to engage with the management of the CMA CGM Shipping company over the recent hike in charges on Nigeria-bound cargoes. The shipping company in a notice sighted by The PUNCH on Monday, March 6th, states that effective from Monday, March 10th, the company will be reviewing their charges upwards....
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Dun & Bradstreet gets global recognition

11.03.2025
Dun & Bradstreet, a global provider of business information and research, has been recognised as a category leader for Know Your Customer Data Solutions by Chartis Research for the third consecutive year. According to a statement made available to our correspondent on Monday, the recognition highlights the company’s impact on the global compliance ecosystem. “In...
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NCDMB acquires 20% equity in P’Harcourt refinery

11.03.2025
The Nigerian Content Development and Monitoring Board says it has sealed a deal to acquire 20 per cent equity in the new 100,000 barrels per day refinery project being established by the African Refinery Group Limited in Port Harcourt, Rivers State. The refinery is being established in partnership with the Nigerian National Petroleum Company Limited....
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FIRS eyes improved tax-to-GDP ratio with e-invoicing system

11.03.2025
The Federal Inland Revenue Service has called on large tax consultants to embrace the electronic invoicing system, saying it is key to boosting the country’s tax-to-GDP ratio by improving tax compliance, enhancing transparency, and curbing revenue losses. This call was made on Monday in Lagos during a stakeholder engagement forum focused on the phased rollout...
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Firm seeks SEC approval for crowdfunding platform

11.03.2025
Promiseland Building and Construction Limited has applied to the Securities and Exchange Commission for approval to operate as a crowdfunding intermediary in Nigeria. In a letter signed by its Chairman/Chief Executive Officer, Lawrence Emmanuel, and addressed to the SEC, the company stated its intention to establish and manage a crowdfunding platform to support capital formation...
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Soto Gallery, Ecobank collaborate on art fair

11.03.2025
The organisers of the +234 Art Fair, Soto Gallery, have partnered with Ecobank Nigeria Limited and Africa Finance Corporation to hold the second edition of the fair. In a statement on Monday, Ecobank said the event, which will take place later this month at its Pan African Centre in Victoria Island, Lagos, has as its...
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74 Chinese firms eye Nigeria’s oil sector

11.03.2025
About 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector. These companies are part of the 216 companies from China that are interested in investing in various sectors of the country’s economy, according to a statement issued by the Nigerian Upstream Petroleum Regulatory Commission on Monday. The Chairman of the...
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I apologise for saying no heaven without tithe – Adeboye

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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