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Equity market gains N842bn, highest in February

14.02.2025
Dangote Cement and Sunu Assurances Nigeria led the gainers’ chart at the end of Thursday’s trading session on the Nigerian Exchange. Dangote Cement emerged as the top gainer, appreciating by 10 per cent to close at N474.10 per share. The surge in Dangote Cement’s share price significantly contributed to the overall market’s positive performance, driven...
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Optimera plans $30m gas plant in Lagos free zone

14.02.2025
Optimera Energy LFZ Enterprise says it is set to deliver the $30m Lagos free zone natural gas distribution facility by the second quarter of 2025. Incorporated in 2022, Optimera Energy, an indigenous consortium comprising Falcon Corporation Limited, FHN Gas Limited, and ND Western Midstream Limited, executed a 20-year Gas Infrastructure Development Agreement with the Lagos...
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Produce SIM cards locally to save FX, CBN tells telcos

14.02.2025
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called for deeper backward integration in the telecommunications sector, urging industry players to localise key supply chains and reduce dependence on foreign exchange. This was disclosed in a statement issued by the apex bank on Thursday. According to the statement, Cardoso stressed that telecom...
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Ecovis unveils committee to navigate regulatory changes

14.02.2025
An accounting firm, Ecovis OUC, has established a technical committee to assist clients in navigating the complex and ever-changing regulatory and business environment. Managing Partner of Ecovis OUC, Andrew Uviase, in his remarks at the inauguration of the committee, said the firm’s duty as an organisation of professional accountants is influenced by regulations, standards, and...
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Shobanjo honoured for role in advertising

14.02.2025
Veteran advertising and marketing leader and the chairman of Troyka Holdings, Biodun Shobanjo, has become the first recipient of the BB Apprenticeship Award by the Bolaji Junaid Mentorship Programme, recognising his significant contributions to mentorship and industry growth in Nigeria. At the third edition of BJuMP’s Mentors Meet Mentees Mixer held recently in Lagos, the...
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Stop accounts in commercial banks, FG orders state MDAs

14.02.2025
The Federal Government has directed Ministries, Departments, and Agencies operating in states to stop running accounts with commercial banks in line with the Treasury Single Account policy. This was according to a press statement on Thursday by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa....
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Windek Energy signs $100m LPG storage facility deal

14.02.2025
Windek Energy Limited says it has secured a $100m contractor financing agreement with Cakasa Nigeria Limited for the construction of a 20,000 metric tonne Liquefied Petroleum Gas storage facility at the Liberty Oil and Gas Free Zone, Atabrikang, Akwa Ibom State. It announced this in a statement on Thursday. The statement noted that the project...
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Dangote invests $700m in sugar production

14.02.2025
The President of Dangote Group, Aliko Dangote, has reaffirmed the conglomerate’s commitment to ending raw sugar importation in Nigeria with an investment exceeding $700m in sugar production. Dangote, who spoke on Wednesday during the ‘Dangote Special Day’ at the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun State, said the group is accelerating its...
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NADDC to regulate car importation, dealers

14.02.2025
The Director-General of the Nigeria Automotive Design and Development Council, Joseph Osanipin, has announced the Federal Government’s move to regulate car importation and dealers nationwide. He said this would prevent the influx of accident-prone and condemned vehicles, mostly through the country’s smuggling routes. Osanipin made this known during a stakeholder engagement with members and executives...
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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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