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Water sports fair to host 1,500 exhibitors

The world’s leading water sports trade fair, BOOT Düsseldorf 2025, is set to host more than 1,500 exhibitors from over 100 countries during its nine-day exhibition billed to take place from January 18 to 26, 2025 in Düsseldorf, Germany. The organisers said in a statement that the global showcase is renowned for its unparalleled breadth,...
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FG seeks private sector investments to upgrade ports – Punch Newspapers

The Federal Government, through the Ministry of Marine and Blue Economy, has announced that it is actively seeking private sector investment for port modernisation. The government added that the move is critical for boosting Nigeria’s competitiveness and attracting sustainable funding for the sector. The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this during...
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Labour, OPS project higher inflation, weaker naira

The labour movement and the Organised Private Sector have projected higher inflation and a weaker naira following the latest hike in the country’s interest rate to 27.50 per cent by the Central Bank of Nigeria. Both groups spoke on Tuesday while reacting to the increase in the Monetary Policy Rate by CBN, as the Governor...
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Lagos must lead in growing Nigeria’s economy—Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on Lagos State to take the lead in expanding Nigeria’s economic base, emphasising the state’s unique role as a driver of the nation’s economic growth. Speaking on Tuesday at the two-day Eko Revenue Plus Summit, themed: ‘Unlocking New Revenue  Streams for...
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200 trucks load daily, 150,000bpd Eleme plant dormant

After seven postponements, the Port Harcourt Refinery Company has finally commenced fuel production, promising a daily supply of about 200 trucks, as about one million litres of refined products were released by the plant on Tuesday. The Nigerian National Petroleum Company Limited unveiled the refinery on Tuesday, saying the old facility, which has a capacity...
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Nigeria got $1.27bn capital from BRICS countries — Shettima

Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant rise from the $438.72m recorded during the same period in 2023. The BRICS bloc comprises Brazil, Russia, India, China, and South Africa, alongside newer members Iran, Egypt, Ethiopia, and the United Arab Emirates....
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NPA urges terminal operators to boost port investments

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has urged terminal operators to increase investments in Nigerian ports to enhance efficiency. He also assured operators of the agency’s full support. Dantsoho made this call on Wednesday during an operational tour of the Lagos Ports Complex in Apapa and the Tin Can Island...
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Customs inaugurate administrative building at Tincan

The Comptroller-General of Customs, Adewale Adeniyi, has inaugurated the newly renovated Customs administrative building at Tincan Island Port in Lagos Lagos. The building, which is over 40 years old, was renovated under the supervision of the Customs Area Controller, Dera Nnadi. Speaking during the inauguration on Tuesday at Tincan, Adeniyi commended the renovation project. While...
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UNDP, G7 leaders meet to drive AI for Africa

The United Nations Development Programme and the G7 Italian Presidency, alongside a delegation of African private sector leaders, are meeting with G7 AI leaders in San Francisco this week to discuss how artificial intelligence can support sustainable development across Africa. The event, hosted by the Italian Consul General in San Francisco, is supported by the...
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Adigun Praises Adeleke For Developing Osun

Sammya Nigeria Limited Managing Director Stephen Adigun says Governor Ademola Adeleke’s two years in power in Osun State have been peaceful and marked by infrastructural developments. In a congratulatory message to Adeleke and his deputy Kola Adewusi, he said their administration had positively impacted Osun S in terms of peace and steady progress in the...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...