Tag: finance
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Nigerian leagues: TSM strikes huge financial deal with NNL, NWFL
The Nigerian domestic league has entered a new financial milestone following an investment deal signed with both the Nigeria National League (NNL) and the Nigeria Women’s Football League (NWFL). The founder of Toptier Sports Management (TSM), Chichi Nwoko, spoke after her company announced the record-breaking investment deal for Nigerian domestic football. In what will go…
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FG’s fresh N1.15 trillion loan request exposes Tinubu’s debt addiction and policy contradictions – ADC
The African Democratic Congress (ADC) has condemned the Federal Government’s fresh approval of N1.15 trillion in domestic borrowing, accusing President Bola Ahmed Tinubu of policy inconsistency and fiscal recklessness. In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC noted that despite Tinubu’s public claim that Nigeria had met its…
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ADC to Tinubu: Your revenue claims based on lies
– Says 5% petrol tax cruel and insensitive The African Democratic Congress (ADC) has accused President Bola Tinubu’s administration of deceiving Nigerians with false revenue claims, citing a N21.22 trillion shortfall between the 2025 budget projection and actual collections, despite the government’s claim of meeting revenue targets. The party also condemned the new 5% petrol…
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Yikodeen consolidates as Nigeria’s sole-approved safety boot supplier to oil & gas sector
Following its recent strategic investment from Aruwa Capital Management and successful participation at the Nigerian Oil & Gas Opportunity Fair (NOGOF) in Bayelsa, Yikodeen, Nigeria’s leading indigenous footwear manufacturer, will officially unveil its newly expanded manufacturing facility at a grand recommissioning event on June 24, 2025. The unveiling represents a landmark achievement in Nigeria’s local…
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Pension funds hit N23tn as new scheme begins
Nigeria’s pension fund has grown by 19 per cent year-on-year to hit N23.33tn at the end of the first quarter of 2025, The PUNCH can report. According to an analysis of the monthly data from the National Pension Commission, the pension industry has consistently risen over the first three months of the year. From N22.51…
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SEC decries Nigerian investor preference for Ponzi schemes
The Securities and Exchange Commission has expressed fresh concerns over Nigerians’ appetite for investing in Ponzi schemes despite the availability of safer, regulated investment products. The Head of the Enforcement Department at the SEC, Dr Sa’ad Abdulsalam, made this observation on Thursday at the Capital Market Enlightenment Programme organised for the Capital Market Correspondents Association…
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Listed companies declared N1.1trn dividends in 2024 –Agama
The Securities and Exchange Commission (SEC) has said that listed companies declared dividends totaling N1.1 trillion to shareholders in 2024. The Director-General of SEC, Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meeting recently in Lagos. Agama said out of the amount, listed companies had already paid N1.0 trillion to shareholders.…
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Aruwa Capital backs Yikodeen’s smart factory revolution for Nigerian footwear
In a move set to revolutionize Nigeria’s manufacturing landscape, indigenous footwear innovator Yikodeen has secured a $1.5 million strategic investment from Aruwa Capital Management to launch West Africa’s first smart manufacturing facility dedicated to safety footwear and other product lines. This funding milestone from Aruwa’s sophomore fund will transform Yikodeen from a successful local producer…
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