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CAP posts N36bn in revenue – Punch Newspapers

06.02.2025
Chemical and Allied Products Plc has reported a 52 per cent revenue growth in its unaudited financial results for the fiscal year ending December 31, 2024. The company’s revenue rose to N36.36bn from N23.89bn in 2023, driven by increased demand for its products and higher sales volumes, which accounted for 99.8 per cent of total...
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ADVAN to unveil awards for marketing excellence

06.02.2025
The Advertisers Association of Nigeria has unveiled plans to host its annual African Awards for Marketing Excellence, spotlighting innovation and impact in the marketing industry. The event, slated for February 22, 2025, in Lagos State, will bring together top marketing professionals, government officials, and Chief Executive Officers of multinational corporations. ADVAN, in a statement, hailed...
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Heirs Holdings appoints new executive director

06.02.2025
Heirs Holdings, an African investment company, has announced the appointment of Chidi Okpala as its new Executive Director for Payments, Group Integration, and Strategy. In a statement made available to our correspondent by the company on Wednesday, it said Chidi will oversee the Group’s technology and healthcare business sectors while driving synergies across its diverse...
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UACN makes N16.9bn profit

06.02.2025
UAC of Nigeria Plc has reported a rise in its profit for the 12 months ended 31 December 2024, posting a profit after tax of N16.9bn, representing a 90 per cent increase from N8.9bn recorded in the previous year. According to the company’s financial statement filed on the Nigeria Exchange recently, the performance was driven...
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Single-window for trade will boost ports revenue – FIRS

06.02.2025
The Executive Chairman and Chief Executive Officer of the Federal Inland Revenue Service, Zacch Adedeji, has stated that the deployment of the National Single Window will streamline the process, reduce leakages, and maximise revenue generation from import and export activities. Adedeji, who made this disclosure in Lagos recently during a stakeholders forum on the NSW,...
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NDDC trains 364 young farmers in agribusiness

06.02.2025
The Niger Delta Development Commission has commenced the training of 364 young farmers for the Livelihood Improvement Family Enterprise Niger Delta project in Rivers State. Speaking during the orientation training for 350 trainees and 14 incubators in Port Harcourt, the NDDC Director of Agriculture and Fisheries, Dr Winifred Madume, charged the beneficiaries to take up...
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FG plans new national shipping line

06.02.2025
The Ministry of Marine and Blue Economy has commenced a strategic plan to establish a national flag carrier through a public-private partnership by engaging key stakeholders. Minister for Marine and Blue Economy, Adegboyega Oyetola, stated this recently in Lagos while speaking at the stakeholder’s forum on the establishment of the National Single Window. Oyetola said...
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21 mini-grid projects ongoing in Jigawa – REA

06.02.2025
The Rural Electrification Agency has announced that it is executing 21 mini-grid projects across 21 Local Government Areas in Jigawa State under the Nigeria Electrification Programme – Africa Development Bank Minimum Subsidy Tender, aiming to provide electricity to over 300,000 people. The REA Managing Director, Abba Aliyu, also revealed that the state has the potential...
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FG seeks fresh $580m W’Bank loans

06.02.2025
The Federal Government is engaging the World Bank for two fresh loans totalling $580m, which are expected to be approved in March 2025, according to findings by The PUNCH. Information obtained from the website of the World Bank on Wednesday showed that the funding is aimed at improving nutrition and education initiatives, with two projects...
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Dangote refinery exports jet fuel to Saudi Aramco

06.02.2025
The Dangote refinery says it has sold two cargoes of aviation fuel to Saudi Aramco, the national oil company of Saudi Arabia. A statement from the Lekki-based firm on Wednesday stated that the President of the Dangote Group, Alhaji Aliko Dangote disclosed this on Tuesday when the Nigerian Economic Summit Group visited the Dangote Fertiliser...
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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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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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