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Dangote Refinery Threatens Fuel Exports Over Import Licences

24.03.2026
The Dangote Petroleum Refinery is planning to export all the petrol, diesel, and jet fuel produced at the 650,000-barrels-per-day facility located in Lekki, Lagos State, a plan that may plunge Nigeria into fuel scarcity. This comes amid reports that South Africa and other African countries were lobbying the Dangote refinery for improved fuel supplies. Impeccable...
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NAICOM Rules Out Deadline Extension for Insurance Recapitali

24.03.2026
The National Insurance Commission officially ruled out any extension for the ongoing insurance recapitalisation exercise, with the Commissioner for Insurance, Olusegun Omosehin, declaring, “The 31 July deadline is sacrosanct.” Speaking at a high-level media briefing in Lagos, Omosehin voiced strong concern over what he described as the “quietness” and sluggish pace of action among several...
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AXA Mansard Projects N3.6bn Profit After Tax for H1 2026

24.03.2026
AXA Mansard Insurance Plc, a leading player in the Nigerian insurance sector, has officially released its financial forecast for the first half of 2026, projecting a solid bottom-line performance despite a complex macroeconomic backdrop. According to the forecast document submitted to the Nigerian Exchange Group, the insurer expects to post a Profit After Taxation of...
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How clean energy adoption boosts national productivity

24.03.2026
A groundbreaking international study has identified clean cooking energy as a critical driver for Nigeria’s economic future, asserting that transitioning away from traditional fuels is a primary “long-term investment” rather than a mere household expense. The research, conducted under the C2REST Nigeria Study, highlights a direct link between the adoption of clean energy and a...
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MTN Nigeria rebounds with a staggering N1.1tn profit in 2025

23.03.2026
MTN Nigeria has reported a staggering N1.1tn profit for the 2025 financial year. This turnaround marks a significant departure from the fiscal headwinds of 2024, signalling a robust resurgence in the country’s digital economy. Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, broke down the numbers that defined the company’s...
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Nestlé Subsidiary Crowned 2025 Product of the Year

23.03.2026
Nestlé Pure Life has officially been crowned the 2025 Product of the Year by LEADERSHIP Newspaper. The prestigious accolade recognises the brand’s dominance in the hydration sector, driven by a rigorous commitment to water purity and pioneering environmental stewardship. The award serves as a benchmark for industrial excellence, honouring products that redefine performance and impact...
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NGX sees 8.761bn shares traded in three-day surge

23.03.2026
The Nigerian Exchange Limited witnessed an extraordinary surge in activity as investors traded 8.761 billion shares valued at N267.253bn in 193,473 deals, despite a shortened trading week. This massive turnover, which occurred in just three business days due to the Federal Government declaring public holidays on 19 and 20 March to commemorate the Eid-el-Fitr celebration,...
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Nigerian Banks Rush to Meet Recapitalisation Deadline

23.03.2026
Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline, with the apex bank expected to make a major announcement this week as the March 31, 2026, cut-off approaches. Findings by The PUNCH indicate that most lenders have substantially met the new capital requirements, while a few institutions are resolving...
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FMBN Pushes for Women’s Role in Nigeria’s Housing Sector

23.03.2026
The Federal Mortgage Bank of Nigeria has called for stronger policies and partnerships to empower women in the housing and construction sector, noting that their growing participation is vital to sustainable economic development. FMBN stated this in a statement issued on Friday and obtained by The PUNCH. According to the statement, the Managing Director and...
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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...

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04.10.2024
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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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