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Oando revenue hits N4.1tn

03.02.2025
Oando Plc reported a 45 per cent increase in revenue to N4.1tn for the financial year ended December 31, 2024, compared to N2.9 trillion recorded in the previous year. The company’s unaudited financial statements, released on Friday on the Nigeria Exchange Limited, also showed a nine per cent growth in profit after tax, rising to...
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MTN spent N11bn to fix 2,502km fibre cables – GSMA

03.02.2025
MTN Nigeria, the country’s biggest telecom operator, spent N11.1 billion repairing and relocating 2,502km of fibre-optic cables over two years, according to data from the new GSMA Nigeria Digital Economy report. It stated that if these funds had been used for rollout instead of maintenance, the operator with 77 million subscribers could have laid an...
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Adopt asset-based framework for economic growth, treasurers advise FG

03.02.2025
Treasurers have identified adopting an assets-based framework as a viable alternative for economic growth to the output-based approach taken by multiple government administrations. The Association of Corporate Treasurers of Nigeria noted this during its 2025 Economic Outlook event on Friday in Lagos, themed ‘Navigating Nigeria’s Economic Landscape in 2025: Opportunities and Challenges for Corporate Treasurers’....
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Housing gaps fuelling exploitation by developers – LASG

03.02.2025
The Lagos State Government has noted that urbanisation and housing gaps, among others, are being used as a tool of exploitation by developers and property owners. This was disclosed in Alausa recently by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, during a weekly briefing of senior management staff of the ministry....
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FG plans 12% interest on low-cost homes

03.02.2025
The Minister of Housing and Urban Development, Ahmed Dangiwa, in a recent statement revealed that the government is targeting a 12 per cent mortgage interest rate as part of its broader efforts to make homeownership more accessible to Nigerians. Speaking to an international audience at the Saudi Arabia real estate forum, Dangiwa underscored the immense...
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Megamound disclaims collapsed Ikota building

03.02.2025
Megamound Investment Limited has denied claims circulating on some social media platforms that a two-storey building, which collapsed on Tuesday, January 29, 2025, at Mobile Road, Inikpa, in the Ikota area of Ajah, is located within its estate. The company made the rebuttal via a press statement signed by its Managing Director/Chief Executive Officer, Olumide...
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Housing deficit opportunity for transformation – Minister

03.02.2025
Nigeria’s housing deficit, estimated at over 28 million units, presents not just a challenge but a significant opportunity for transformative change, according to the Minister of Housing and Urban Development, Ahmed Dangiwa. Speaking recently at the 4th edition of the Real Estate Future Forum in Riyadh, Saudi Arabia, Dangiwa outlined the Nigerian government’s plans to...
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FRC offers scholarships to boost actuarial science

03.02.2025
The Financial Reporting Council of Nigeria has launched an initiative to address the critical shortage of actuarial professionals in the country by offering scholarships to outstanding students. This was revealed at the University of Lagos during a career advocacy session with newly admitted postgraduate students of the Department of Actuarial Science and Insurance. The Head...
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IEI tells operators to incentivise motorists

03.02.2025
International Energy Insurance has urged operators to make the third-party motor insurance more attractive to motorists following its enforcement on February 1, 2025. According to a statement made available to The PUNCH recently, IEI said it is important to ensure motorists have a valid policy to avoid running afoul of the law. Earlier in January,...
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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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