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Lekki Port inaugurates divisional police station

Determined to boost security infrastructure within the port and its host communities, the Lekki Port LFTZ Enterprise Limited, the promoter of the Lekki Deep Seaport, has commissioned a Divisional Police Station. In a statement on Tuesday, the port disclosed that the commissioning took place last week amidst cheers from the management and staff of Lekki...
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Honeywell Flour Mills reports N277.1bn revenue

Honeywell Flour Mills Plc has reported a revenue of N277.1bn for the nine months ended December 31, 2024, reflecting a 123 per cent increase from the N124bn recorded in the corresponding period of 2023. The company’s unaudited financial statements filed with the Nigerian Exchange Limited show that the surge in revenue contributed to a turnaround...
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Firm unveils innovative estate to boost economic growth

An investment banking advisory firm, Proven Financial Services Ltd, has announced the launch of its 5th Avenue City, an innovative urban development designed to redefine economic growth by merging education, agriculture, and real estate into a fully integrated business hub. A statement to this effect read, “Situated in Yewa, Ogun State, 5th Avenue City is...
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Customs advocates capacity building to manage digital platform

The Comptroller-General of Customs, Adewale Adeniyi, said that the deployment of advanced digital platforms must be accompanied by meticulous process re-engineering, capacity building, and proper change management. Adeniyi, while speaking during a stakeholder meeting recently in Lagos, added that the technology has often been cited as the cornerstone of a single-window system, but technology alone...
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Gasnexus, NNPCL partner on gas supply to northern Nigeria

Gasnexus, a subsidiary of Axxela in joint venture partnership with the Nigerian National Petroleum Company Gas Marketing Limited, has promised to deliver liquefied natural gas to industries in the northern part of the country. Last week, the company joined the NNPC and other private sector partners for the groundbreaking of its small-scale liquefied natural gas...
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Sahara Group to deliver 180MW plant in Rivers

Sahara Group says plans are underway to deliver a 180-megawatt power plant in Rivers State this year in addition to its current 2,000 MW capacity. The Executive Director of Sahara Group, Kola Adesina, disclosed this while addressing newsmen at the recent energy summit held in Dar es Salaam, Tanzania. The power plant, he disclosed, will...
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Firm seeks NCDMB support for oil projects

The Managing Director of Samsung Heavy Industries Nigeria, Mr. Jin Lee, has sought the support of the Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, for more projects in the oil and gas industry. Lee made the plea during a meeting held at the board’s Lagos liaison office recently, where the...
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Equity market booms as NGX gains N332bn

The Nigerian Stock Exchange witnessed a rally on Wednesday as the equity market recorded an overall gain of NGN 332 bn, bolstered by surging trading volumes and investor activity. At the close of the session, 1,057,239,989 shares were exchanged across 15,080 deals, amounting to a market turnover of NGN 28.81 bn. This performance marked a...
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Six companies record N255bn FX loss

Six companies listed on the Nigerian Exchange Limited recorded a combined foreign exchange loss of N255.72bn in their financial results for the year ended December 31, 2024, according to findings by The PUNCH. The losses were attributed to the persistent depreciation of the naira and volatility in the foreign exchange market. The companies affected include...
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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...