February 2025 – Page 140

Why Nigeria, S’Africa top cybercrime hit lists – Deimos CTO

13.02.2025

Chief Technology Officer at Deimos, Jaco Nel, speaks with LAOLU AFOLABI about Africa’s rising cyber threat landscape. The CTO of the leading hybrid/multi-cloud professional services company specialising in cloud-native development and security operations sheds light on why Nigeria and South Africa are vulnerable to cyberattacks and offers insights into addressing these challenges. Cyber threats are...

Oil-producing states battle N1.3tn despite N2.8tn derivation allocation

13.02.2025

Oil-producing states in Nigeria have received a total of N2.85tn in 13 per cent derivation revenue between 2022 and 2024, according to findings by The PUNCH. The findings are based on analysis of data from each state’s budget implementation reports for the period under review. The eight states that benefitted from the 13 per cent...

Dangote refinery reduces diesel price to N1,020/litre

13.02.2025

Dangote Petroleum Refinery and Petrochemicals says it has reduced the cost of its diesel to N1,020 per litre, down from N1,075 per litre at the gantry price. In a statement on Tuesday, the company said the reduction was to better serve its customers and Nigerians in general. The PUNCH recalls that when it began diesel...

Nigerian banks on track to meet recapitalisation deadline — Fitch

13.02.2025

International rating agency Fitch Ratings has indicated that Nigerian banks are on track to meet the March 2026 recapitalisation deadline set by the Central Bank of Nigeria. This was disclosed in a non-rating commentary issued by the firm on Nigerian banks on Wednesday via its website.In March 2024, the Central Bank directed banks to meet...

Power grid collapses amid plan to hike tariffs

13.02.2025

Electricity consumers have expressed concerns following the collapse of the national grid on Wednesday. Consumers were worried that the grid collapsed at a time when the government was planning to increase tariffs. The PUNCH reports that the national grid experienced another system collapse on Wednesday, throwing many Nigerians into a blackout. On various social media...

Subscribers demand sanctions against telcos, labour orders boycott

13.02.2025

Telecom operators are facing a strong backlash from subscribers and workers after implementing a 50 per cent tariff hike without waiting for the outcome of a review process that was agreed upon, prompting the Nigeria Labour Congress to call for a nationwide boycott of telecom services. While the NLC has called for a boycott and...

Vandalised Abuja underground cable under repairs – TCN

13.02.2025

The Transmission Company of Nigeria has said that restoration efforts are ongoing on the underground transmission line that was damaged by vandals near Millennium Park in Abuja, three weeks after the incident. Recall that last month, the commission disclosed that vandals stole a 132-kilovolt underground cable that transports bulk electricity to its 132kV Central Area...

Lokpobiri blames middlemen for exit of oil multinationals

13.02.2025

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that several multinationals left Nigeria due to what he called middlemanism. Lokpobiri stated this in Lagos on Tuesday at the opening of the Sub-Saharan Africa International Petroleum Conference organised by the Petroleum Technology Association of Nigeria. The minister emphasised that one of Nigeria’s...

Nigeria got $52bn from Afreximbank, largest in Africa – Oramah

13.02.2025

Nigeria has received a cumulative disbursement of approximately $52bn from the African Export-Import Bank, making it the largest beneficiary of the bank’s trade and development financing across Africa. The President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah, disclosed this on Tuesday at the Afreximbank Annual Meetings 2025 Signing Ceremony in...

Africa Energy Bank ready next month – Minister

13.02.2025

The much-awaited Africa Energy Bank will commence operations in March 2025, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has reiterated. Lokpobiri stated this yesterday at the opening of the Sub-Saharan Africa International Petroleum Conference organised by the Petroleum Technology Association of Nigeria. According to him, the building hosting the bank is receiving...

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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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Latest News

Why Nigeria, S’Africa top cybercrime hit lists – Deimos CTO

Oil-producing states battle N1.3tn despite N2.8tn derivation allocation

Dangote refinery reduces diesel price to N1,020/litre

Nigerian banks on track to meet recapitalisation deadline — Fitch

Power grid collapses amid plan to hike tariffs

Subscribers demand sanctions against telcos, labour orders boycott

Vandalised Abuja underground cable under repairs – TCN

Lokpobiri blames middlemen for exit of oil multinationals

Nigeria got $52bn from Afreximbank, largest in Africa – Oramah

Africa Energy Bank ready next month – Minister

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I apologise for saying no heaven without tithe – Adeboye

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I apologise for saying no heaven without tithe – Adeboye

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