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FG pegs power sector investment gap at $10bn

15.11.2024
The Federal Government says it will collaborate with the private sector in raising a portion of the $10bn needed to ensure the provision of consistent and reliable electricity across the country. This initiative is part of the government’s broader strategy to address the country’s chronic power supply challenges and is expected to span a period...
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NNPCL appoints new EVPs, CFO

15.11.2024
The Nigerian National Petroleum Company Limited has announced a reshuffling in key management positions to strengthen its operational efficiency and boost its competitive edge in the global oil and gas industry. A statement signed by the NNPCL spokesperson, Femi Soneye, on Wednesday, revealed that the board of directors had approved the replacement of Mr Umar...
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UCH disconnected over N400m debt – Ibadan DisCo

15.11.2024
The University of Ibadan College Hospital has been disconnected from the national grid over an outstanding N400 million debt. The Ibadan Electricity Distribution Company said the disconnection became unavoidable following the failure of UCH to pay the debt. Speaking with our correspondent, the spokesperson of IBEDC, Busolami Tunwase, said the university did not fulfil its...
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NRC expands Abuja-Kaduna train services

15.11.2024
The Nigerian Railway Corporation has expanded its train operations on the Abuja-Kaduna route, increasing the number of services from four to six during weekdays, specifically from Monday to Friday. A statement signed by the Deputy Director, Public Relations, Yakub Mohmood, on Wednesday, disclosed the new update. This expansion is aimed at meeting the growing demand...
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NBC, WIMBIZ support female entrepreneur with N1m grant

15.11.2024
The Nigerian Bottling Company has partnered with Women in Management, Business, and Public Service to support female entrepreneurship, including awarding an N1 million grant to a pastry chef. In a statement, NBC said it awarded an N1m grant to a pastry chef and entrepreneur, Achiv Ngusurun, in recognition of her innovative business approach at the...
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Nigeria’s $700bn mining potential draws global interest

15.11.2024
Nigeria’s push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu’s administration drives reforms to unlock an estimated $700 billion in untapped mineral resources, diplomatic sources said. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, aiming to attract $500m in foreign investment for its...
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NAICOM partners EFCC on financial crimes

15.11.2024
The National Insurance Commission has sought to strengthen its partnership with the Economic and Financial Crime Commission to ensure the insurance sector is free of money laundering, fraud, and other financial crimes. This was revealed by the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, during a working visit to the...
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Stanbic IBTC shines at FMDQ awards

15.11.2024
Financial holding company, Stanbic IBTC Holdings, has emerged as the winner of multiple laurels at the  2024 FMDQ Gold Awards. At the award held recently in Lagos, the banking subsidiary of the Holdco, Stanbic IBTC Bank received top honours in the following categories: FMDQ FX Market Liquidity Provider, FMDQ Dealing Member of the Year, and...
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Sheggz Addresses Infidelity Allegations

15.11.2024
Big Brother Naija (BBNaija) reality TV star, Sheggz has finally addressed the recent infidelity allegations involving his girlfriend, Bella, offering insights into his social life and relationships with women. New Telegraph recalls that Sheggz and Bella were love interest in the Big Brother Naija Level Up Season and their relationship has been one of the...
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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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