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Lasaco Assurance Shareholders’ Fund Soars 84% in Q2 2025

Lasaco Assurance Plc has reported an 84 per cent appreciation in its shareholders’ fund to N22.11bn from N12.02bn in the corresponding period of 2024, reflecting a strengthened capital base. In a statement on Monday, which accompanied its unaudited financial results for the second quarter ended June 30, 2025, the firm said that its financial performance...
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FG Suspends Controversial 4% Import Duty Levy in Nigeria

The Federal Government has suspended the implementation of the four per cent Free on Board levy recently introduced by the Nigeria Customs Service on all imported goods. The decision, announced by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, followed widespread concerns from importers, trade experts, and other industry stakeholders...
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Sustainable Construction: Nigerian Researcher Urges Eco-Frie

Researcher Abdulkabir Bello has emerged as one of Nigeria’s leading advocates for sustainable construction, calling for a radical shift towards eco-friendly and resilient building practices that align with both global climate goals and national development priorities. Bello, who holds a bachelor’s degree in building and a master of technology in construction management from the Federal...
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Turning Stock Market Downturns into Profit

Even though often unnerving, stock market slumps in Nigeria can present unique opportunities for wealth building. By identifying undervalued stocks, diversifying investments across sectors and asset types, leveraging dividends, and exercising patience, investors can turn market downturns into long-term gains, TEMITOPE AINA writes For many Nigerians, the stock market is often seen as a high-risk...
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Democrats Pressure Trump on China Trade War Overcapacity

U.S. Democrats have called on the President Donald Trump administration to press China to curb what they described as “structural overproduction”, essentially demanding an overhaul of Beijing’s economic model. The lawmakers made the call in a letter to Treasury Secretary Scott Bessent and other senior trade officials as talks opened in Madrid between American and...
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Oil Theft Reduction Eases Nigeria’s FX Strain

Afrinvest has projected that Nigeria’s recent success in curbing crude oil theft could ease pressure on the foreign exchange market, boost fiscal revenues, and strengthen investor confidence in the oil and gas sector. In its latest macroeconomic research note, Afrinvest cited data from the Nigerian Upstream Petroleum Regulatory Commission, which revealed that crude oil losses...
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Dangote Denies Cheaper Petrol Sales in Togo

The Dangote Group has denied allegations by the Depot and Petroleum Product Marketers Association of Nigeria that its refinery sells petrol to international traders at cheaper rates than those offered to Nigerian marketers. DAPPMAN’s Executive Secretary, Olufemi Adewole, had alleged in an interview that members of the group purchased Dangote’s petrol through international traders in...
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NADDC Trains 15,000 Auto Technicians in Nigeria

The National Automotive Design and Development Council has trained over 15,000 technicians in its Mechatronics Programme for tricycle and motorcycle repair and maintenance. Speaking at the closing ceremony of a five-day specialised training in Makurdi, Benue State, Director-General of NADDC, Joseph Osanipin, noted that the agency embarked on the training initiative to address Nigeria’s automotive...
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Customs Chief Vows Zero Tolerance for Smuggling, Prioritizes

The newly appointed Customs Area Controller of the Ports & Terminal Multipurpose Limited, Comptroller Joe Anani, has called on stakeholders at the command to embrace compliance as a pathway to faster cargo clearance, efficient trade facilitation, and sustainable port operations. Anani made this appeal during his official takeover ceremony from the immediate past CAC, Assistant...
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Shea Export Ban Hurts Nigerian Farmers, Market Confidence

The Centre For The Promotion of Private Enterprise has said that the immediate implementation of the ban on shea butter export was hurting local farmers and impacting investor confidence. This was disclosed in Sunday’s policy brief from the organisation, which was signed by Chief Executive Officer, Dr. Muda Yusuf. The Federal Government recently imposed a...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...