Author: News Room

The Managing Director/Chief Executive Officer of Arthur Stevens Asset Management Limited, Mr Tunde Amolegbe, has stated that Nigeria’s proposed 25 per cent capital gains tax on investment profits could play a crucial role in reducing market volatility and discouraging speculative “hot money” flows, particularly from foreign investors. Amolegbe said this on Friday at the 2026 Macroeconomic Outlook event organised by the Capital Market Correspondents Association of Nigeria in Lagos. Under the Nigeria Tax Act, the capital gains tax rate for companies has been changed from a flat 10 per cent to a progressive income tax rate ranging from 0 per…

Former WBC heavyweight champion Deontay Wilder has sent a heartfelt message to Anthony Joshua following the car crash in Nigeria that killed two of the British boxer’s close friends, PUNCH Sports Extra reports. Last month, Joshua was a passenger in a crash that claimed the lives of his strength and conditioning coach, Sina Ghami and personal trainer Latif ‘Latz’ Ayodele while on holiday in Nigeria. Earlier this week, Joshua spoke out for the first time after the accident, describing the loss as devastating. “The last time I spoke to you guys was in Miami. We had so many plans to…

A student from the University of Michigan has been found dead nearly 24 hours after going missing in freezing conditions. The last time Lucas Mattson was seen alive, he was leaving a fraternity party around 1 a.m. on Friday, January 23. He was said to be wearing only a T-shirt and jeans and no coat despite the temperatures dropping to as low as 0 degrees at the time, according to the University of Michigan’s Division of Public Safety and Security. After hours of searching for the engineering student, 19, amid “extreme cold conditions,” police confirmed his body had been found…

The purpose of this reflection is to review the chronic inaction and absence of decisive approaches that have undermined national security, resulting in bloodshed and immense human and material loss. This review interrogates three violent uprisings which history reveals were avoidable from their infancy through their gestation and bloody birth in Northern Nigeria. A further aim is to examine the common assumption held by many Nigerians, particularly commentators, that the nation’s security predicament is primarily due to a failure in intelligence gathering. After interrogating and confirming or refuting this hypothesis, this reflection offers remedial insights based on its findings. The…

Alhaji Aminu Babba Danagundi, the Sarkin Dawaki Babba and one of the principal kingmakers in the Kano Emirate, has insisted that Aminu Ado Bayero remains the rightful Emir of Kano. He said removing Aminu Ado Bayero through political negotiations or any arrangement outside the judicial process was unrealistic, noting that the matter is already before the Supreme Court. Danagundi made this known in an interview with Weekend Trust, where he linked the ongoing dispute to the Kano State Government’s decision to repeal the emirate law and the developments that followed. According to him, the issue can only be settled by…

Former National Chairman of the All Progressives Congress, APC, Abdullahi Ganduje, has insisted that no politician from Southern Nigeria is better suited to lead the country beyond 2027 than President Bola Ahmed Tinubu. Ganduje made the assertion in Abuja while hosting a delegation of youth leaders from Northern Nigeria, representing all 19 northern states. During the meeting, he rejected claims that the North would resist Tinubu’s re-election bid, describing such speculation as misguided. “There is no better candidate to govern Nigeria beyond 2027 from the southern Nigeria than Asiwaju Bola Ahmed Tinubu,” Ganduje stated. He cautioned critics against assuming that…

Real Madrid manager, Alvaro Arbeloa, has reacted to Kylian Mbappe’s recent criticism aimed at his teammates. Following their 4-2 defeat to Benfica in the UEFA Champions League, the French forward stated that Los Blancos players exhibited a lack of attitude. However, speaking ahead of Madrid’s LaLiga match against Rayo Vallecano on Sunday, Arbeloa was questioned about Mbappe’s remarks. He responded (via Madrid Xtra), “Mbappé said we lack attitude? “We are working on finding the continuity in our game. Now It is time to work.” Mbappe has been exceptional for Real Madrid so far this season and he is the leading…

A Nigerian-based website hosting firm, HostNowNow Limited, has refunded two clients following a report by Sunday PUNCH on alleged failure to provide hosting services and refusal to refund money paid. HostNowNow’s Senior Technical Officer, Kemi Oladeji, confirmed the development in a WhatsApp message sent to our correspondent on Friday, alongside transaction details showing the refunds. The refund came weeks after a Sunday PUNCH special report titled ‘How local web hosting services ruin businesses, withhold refunds,’ published on December 28, 2025, which detailed complaints against the firm. The affected clients, a website developer, Chancery Giwa, and the Managing Director of Triple…

I was taking a walk recently and saw Ficus exasperata, known as ewe eepin, in front of a house, and it reminded me of the story I shared about how this plant induced a woman’s menstruation. So, on our visit to nature’s pharmacy this week, we shall be discussing Ficus exasperata, in the family Moraceae. It is popularly known as sandpaper leaf and ewe eepin in Yoruba. The fresh leaf is locally added to oil palm fruits during the milling or pounding stage in order to improve the quality and stability of the oil obtained. It is commonly employed in…

Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence. This was disclosed in a statement issued by the company on Friday. The Central Bank of Nigeria recently upgraded Kuda Microfinance Bank’s licence to a national one, which means that it can now have a physical presence across Nigeria. With the unit microfinance bank licence it held until December 2025, Kuda MFB’s physical operations were limited to a specific location. The national licence removes those geographic restrictions, allowing the bank to open customer experience centres in…