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Senate proposes N10bn for capital market awareness

12.02.2025
The Senate has proposed an N10bn fund for investor education in the capital market as part of the 2025 budget. The Chairman of the Senate Committee on Capital Market, Osita Izunaso, disclosed this during the budget defence session of the Securities and Exchange Commission in Abuja on Tuesday. Izunaso stressed the need for increased investor...
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FTN Cocoa incurs N10bn loss

12.02.2025
FTN Cocoa Processors Plc has reported a loss after tax of N10.62bn for the financial year ended December 31, 2024, reflecting a marginal improvement of zero per cent from the N10.65bn loss recorded in the corresponding period of 2023. According to the company’s unaudited financial statement, revenue for the period stood at N1.38bn, marking a...
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NAHCO records N12.8bn profit

12.02.2025
The Nigerian Aviation Handling Company Plc posted a 65 per cent surge in profit after tax to N12.87bn for the full year ended December 31, 2024, up from N5.54bn recorded in 2023. The company’s audited financial results showed growth across key financial indicators, with revenue climbing by 87 per cent to N53.2bn in 2024 from...
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Global stocks dip as US tariff hike sparks concerns

12.02.2025
Global stocks slipped on Tuesday as investors weighed the implications of fresh U.S. tariffs and comments from Federal Reserve Chair Jerome Powell on the economic outlook. President Donald Trump on Monday raised tariffs on steel and aluminium imports to 25 per cent from the previous 10 per cent, removing country exceptions and product-specific exclusions. He...
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Bank customers kick as CBN scraps free ATM withdrawals

12.02.2025
Some bank customers have kicked against the decision of the Central Bank of Nigeria to scrap the free withdrawals on other banks’ Automated Teller Machines and the introduction of N100 for withdrawals of N20,000. They expressed their reservations on Tuesday following the release of the CBN circular, which was signed by the Acting Director of...
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ACCI, NAICOM partner to strengthen SME insurance

12.02.2025
The Abuja Chamber of Commerce and Industry, through its National Policy Advocacy Centre, has partnered with the National Insurance Commission and key industry stakeholders to encourage small and medium enterprises in Nigeria to embrace insurance. This was revealed on Tuesday during a high-level webinar titled ‘Can SMEs Still Afford the Risk of Not Insuring Their...
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Heirs introduces low-cost insurance product

12.02.2025
Heirs Insurance Group has launched a new low-cost insurance product that provides comprehensive motor insurance benefits for a fraction of the cost. According to a statement from the group, the low-cost insurance product, Flexi Comprehensive Motor Insurance, is its way of boosting insurance penetration in Nigeria. Three main types of auto insurance, including third-party insurance...
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MOFI unveils N100bn real estate fund

12.02.2025
The Ministry of Finance Incorporated has announced the launch of the N100bn Series 2 Offering under the MOFI Real Estate Investment Fund, marking a significant step in addressing Nigeria’s housing deficit. According to a statement on Monday, the new offering builds upon the successful N150bn Series 1 subscription, bringing the total capital raised under the...
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Eko Disco customers to get free meters – Punch Newspapers

12.02.2025
Eko Electricity Distribution Company says it has commenced the distribution of free prepaid meters to Band A customers within its franchise area. The company said this is part of the continuous effort to bridge the metering gap in Nigeria under the Meter Acquisition Fund scheme. “In its continuous effort to bridge the metering gap, Eko...
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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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