Business
Firm plans credit expo to deepen financial inclusion
Organisers of Africa Credit Expo 2025, CreditRegistry, have said the event will highlight the transformative power of collaboration and innovation in forging a stronger financial future for Nigeria. T...
5th May 2025
VFD Group reports N19.8bn gross earnings
VFD Group Plc has reported a 27 per cent increase in gross earnings to N19.8bn for the first quarter ended March 31, 2025, compared to N15.3bn in the same period of 2024. The unaudited financial state...
5th May 2025
Ministry, NIWA set unified shoreline standards
The Federal Ministry of Housing and Urban Development and the Nigerian Inland Waterways Authority have agreed to establish a unified procedure for licensing shoreline developments in Lagos. At a high-...
5th May 2025
Ilara-Mokin plants 800 trees in green initiative
Ilara-Mokin, a town in the Ifedore area of Ondo State in South-West Nigeria, has planted 800 trees as part of its green initiative for the community. In a statement on the second phase of the tree pla...
5th May 2025
CWG posts N1.4bn Q1 profit
Computer Warehouse Group Plc has posted a profit after tax of N1.48bn for the first quarter ended March 31, 2025, representing a 368 per cent increase from the N316.1m recorded in the same period of 2...
5th May 2025
Firm unveils plan to boost financial security
EmPLE Life Assurance Limited has launched a new endowment policy called BETA Life, aimed at helping Nigerians grow their wealth, secure their future, and stay financially protected. In a statement mad...
5th May 2025
How to spot Ponzi schemes before investing
What once relied on word-of-mouth and text messages has now evolved into sleek websites, crypto buzzwords, and social media influencers. But no matter the packaging, the outcome is often the same: fin...
5th May 2025
Inlaks appoints new CEO to drive innovation
Inlaks, a leading systems integrator and ICT provider in sub-Saharan Africa, has appointed Charles Ifedi as its new Chief Executive Officer, Africa operations. According to a statement to The PUNCH, h...
5th May 2025
Global trade tensions weaken naira, drag oil prices – Report
Volatility returned to the global oil market in April as escalating trade tensions, particularly between the United States and China, triggered a sharp drop in crude oil prices and heightened pressure...
5th May 2025
Naira printing costs skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial stat...
5th May 2025
OPEC, allies plan further oil output hike – Report
Eight members of the Organisation of the Petroleum Exporting Countries and their allies, together known as OPEC+, have hinted at plans to further accelerate oil output hikes, amid the latest step to u...
5th May 2025
Lagos impounds 200 rickety vehicles
The Lagos State Vehicle Inspection Service has impounded over 200 rickety vehicles in its fight against unroadworthy cars and buses operating in the state. This was made known in a statement made avai...
5th May 2025
CBN committed to long-term stability, financial inclusion – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the apex bank’s commitment to promoting long-term economic stability, financial inclusion, and policy transparency as Nig...
5th May 2025
Tinubu to meet Gencos over N4tn electricity debt
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies as part of an emergency effort to address the N4tn debt threatening to cripple the country’s e...
5th May 2025
Govt delists CNG conversion centre over sharp practices
The Presidential Initiative on Compressed Natural Gas has officially delisted one of its conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, following confirmed reports of mi...
5th May 2025
Snake Island free zone to get area command – Customs
The Comptroller-General of Customs, Adewale Adeniyi, has pledged to establish a new Customs Area Command at the Snake Island Integrated Free Zone. In a statement on Sunday, the CGC stated this during ...
5th May 2025
Experts to canvass W’Africa’s industrial devt at summit
Trade experts are set to address West Africa’s industrial and manufacturing development as protectionist trade measures disrupt global supply chains and result in realignments in economic alliances....
5th May 2025
Dangote, NASSI partner to boost investments in Nasarawa
The Nigeria Association of Small-Scale Industrialists, Nasarawa State Chapter, is partnering with Dangote Industries Limited to drive fresh investment options in the State. In a statement from Dangote...
5th May 2025
Firm, institutions partner to improve livestock industry
Silagreen International Agro Development Limited has signed a Memorandum of Understanding with several Brazilian institutions, including the University of Zebu Breeders Association, the Educational Fo...
5th May 2025
Wema Bank assets decline amid surge in profit
Wema Bank Plc has reported a 270 per cent surge in its profit after tax for the first quarter ended March 31, 2025, reaching N35.8bn, up from N9.67bn recorded in the same period of 2024. The bank’s ...
5th May 2025
OPay announces N1.2bn scholarship for FUTMINNA students
Nigeria’s leading financial institution, OPay, has announced a N1.2bn 10-year scholarship initiative for students of the Federal University of Technology, Minna, Niger State. The firm noted that the...
5th May 2025
FXTM Academy hosts charity cycling race
Financial markets education company, FXTM Academy, organised a charity cycling event that drew 200 participants from across cities in Nigeria, including Lagos, Port Harcourt, Ilorin, Ibadan, and Abeok...
5th May 2025
United Capital grows revenue to N13.1bn
United Capital Plc has reported a significant surge in revenue, hitting N13.1bn in the first quarter ended 31 March 2025, representing a 113 per cent increase from the N6.1bn recorded in the correspon...
5th May 2025
CIOB, CORBON partner to improve building standards
The Chartered Institute of Building and the Council of Registered Builders of Nigeria have signed an agreement to raise professional standards and promote sustainable practices in Nigeria’s construc...
5th May 2025
BCPG blames Ojodu building collapse on ignored recommendations
The Building Collapse Prevention Guild has blamed the Ojodu building collapse on the failure of the Lagos State House of Assembly to implement recommendations earlier issued by the guild to avert such...
5th May 2025
FG, Germany plan green mortgage scheme in Nigeria
The Federal Ministry of Housing and Urban Development will collaborate with the German Development Cooperation to pilot a Green Mortgage Scheme in Nigeria. This was revealed by the Minister of Housing...
5th May 2025
Stakeholders canvass high-rise buildings to upgrade slums
Stakeholders are advocating high-rise construction as a sustainable solution to upgrade slums without displacing residents. An analyst working on housing affordability in the US, Joseph Ogunlade, note...
5th May 2025
Take advantage of FG housing scheme, AHCN urges members
The Association of Housing Corporations of Nigeria has stated that housing agencies across the country must act swiftly or risk missing key opportunities under the Federal Government’s Renewed Hope ...
5th May 2025
APWEN unveils innovation, resource hub
The Association of Professional Women Engineers of Nigeria, Lagos Chapter, has unveiled its innovation and resource hub at the Faculty of Engineering in the University of Lagos. The Lagos Chapter Chai...
5th May 2025
Olanipekun inaugurates conference hall at Ekiti palace
Legal luminary, Chief Wole Olanipekun, SAN, on Saturday inaugurated a multi-million naira conference hall donated to the palace of the Ogoga of Ikere Ekiti, Oba Adejimi Adu-Alagbado, by Igbekeleoluwa ...
5th May 2025
PTAD pledges swift resolution of pensioners’ arrears
The Pension Transitional Arrangement Directorate has assured pensioners of its commitment to addressing critical issues, including the payment of the N32,000 pension increase and other outstanding arr...
5th May 2025
