Operatives of the Operation Clean and Healthy Anambra (OCHA Brigade) have raided and sealed an illegal disinfectant manufacturing facility at 14 Chris Ugoezu Street, Odume Obosi, in Idemili North Local Government Area of Anambra State. The Managing Director of the OCHA Brigade, Celestine Anere, revealed that the …
FCMB Group Confirms Dividend At 12th AGM, Reports ₦7.1 Trillion In 2024 Assets
FCMB Group Plc held its 12th Annual General Meeting (AGM) in Lagos on April 29, 2025, where shareholders endorsed the Group’s 2024 financial results and approved key resolutions to drive future growth and enhance corporate governance. The Group ended 2024 with total assets of ₦7.1 trillion and customer …
Mtn, Kogi Resolve Issue, Network Coming Back Wednesday
Telecom services in Kogi State are expected to be fully restored by Wednesday following the resolution of a dispute between MTN Nigeria and the state government, according to the Association of Licensed Telecoms Operators of Nigeria (ALTON). ALTON Chairman, Gbenga Adebayo, told PUNCH Online on Tuesday that the issues …
Air France-Klm Reports Lower Q1 Losses
Air France-KLM reported a first-quarter loss of €249 million ($283 million) on Wednesday, a significant improvement from the over €500 million loss during the same period last year. The Franco-Dutch airline group said revenue rose 8% year-on-year to €7.2 billion, driven by strong travel demand and lower fuel …
Transcorp Hotels Posts 52% Revenue Surge In Q1 2025, Signals Strong Year Ahead
Transcorp Hotels Plc (NGX: TRANSCOHOT), the hospitality arm of Transnational Corporation Plc (Transcorp Group), has reported a robust financial performance for the first quarter ended March 31, 2025, with a staggering 52% year-on-year (YoY) jump in revenue, from ₦13.8 billion in Q1 2024 to ₦21.0 billion in Q1 2025. The hospitality giant attributed the strong …
World Bank: Falling Commodity Prices Could Hurt Developing Countries
Global commodity prices are set to drop to their lowest levels in a decade due to sluggish economic growth and abundant oil supply, the World Bank stated in a report shared with PUNCH Online on Tuesday. According to the Bank’s latest Commodity Markets Outlook, global commodity prices are projected …
CAC Issues Six-Week Ultimatum To Unregistered Businesses, Cites Jail Penalties
The Corporate Affairs Commission (CAC) has issued a six-week ultimatum to all businesses operating in Nigeria under unregistered names or acronyms, warning that failure to comply with registration laws may lead to prosecution and potential imprisonment. This directive was announced on Tuesday in a public notice titled “Carry …
Heritage Bank: Reps Committee Commends NDIC For Transparency, Professionalism
The House of Representatives’ Committee on Insurance & Actuarial Matters has commended the Nigeria Deposit Insurance Corporation (NDIC) for its transparency and professionalism in the discharge of its duties. The Chairman of the committee, Hon Ahmadu Usman Jaha, stated this while declaring open the 2025 stakeholders workshop of the committee organised by the NDIC in …
US Identifies Corruption As Key Barrier To Trade And Investment In Nigeria
The U.S. government has identified corruption as a major barrier to trade and investment in Nigeria. According to the 2025 National Trade Estimate Report on Foreign Trade Barriers, the Office of the United States Trade Representative highlighted corruption and a lack of transparency in Nigeria’s tender processes as significant concerns …
Spotify Payouts Reach $100 Million For Podcast Creators In Q1 2025
Spotify announced on Monday that it paid over $100 million to podcast creators in the first quarter of 2025, marking the first time the company has disclosed such figures. The Swedish streaming giant, which earned 15.7 billion euros ($17.9 billion) last year, highlighted its commitment to the creator economy. …