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Sahara Group to deliver 180MW plant in Rivers

06.02.2025
Sahara Group says plans are underway to deliver a 180-megawatt power plant in Rivers State this year in addition to its current 2,000 MW capacity. The Executive Director of Sahara Group, Kola Adesina, disclosed this while addressing newsmen at the recent energy summit held in Dar es Salaam, Tanzania. The power plant, he disclosed, will...
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Firm seeks NCDMB support for oil projects

06.02.2025
The Managing Director of Samsung Heavy Industries Nigeria, Mr. Jin Lee, has sought the support of the Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, for more projects in the oil and gas industry. Lee made the plea during a meeting held at the board’s Lagos liaison office recently, where the...
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Edo Election Tribunal Adjourn Proceedings To February 10

06.02.2025
The Edo State Governorship Election Petition Tribunal on Thursday adjourned proceedings in the ongoing suit filed by the People’s Democratic Party (PDP) and its candidate, Asue Ighadalo against Governor Monday Okpebholo of the All Progressives Congress (APC) to Monday, February 10. New Telegraph reports that this development is to allow the Edo State Governor, Monday...
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Equity market booms as NGX gains N332bn

06.02.2025
The Nigerian Stock Exchange witnessed a rally on Wednesday as the equity market recorded an overall gain of NGN 332 bn, bolstered by surging trading volumes and investor activity. At the close of the session, 1,057,239,989 shares were exchanged across 15,080 deals, amounting to a market turnover of NGN 28.81 bn. This performance marked a...
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Six companies record N255bn FX loss

06.02.2025
Six companies listed on the Nigerian Exchange Limited recorded a combined foreign exchange loss of N255.72bn in their financial results for the year ended December 31, 2024, according to findings by The PUNCH. The losses were attributed to the persistent depreciation of the naira and volatility in the foreign exchange market. The companies affected include...
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CAP posts N36bn in revenue – Punch Newspapers

06.02.2025
Chemical and Allied Products Plc has reported a 52 per cent revenue growth in its unaudited financial results for the fiscal year ending December 31, 2024. The company’s revenue rose to N36.36bn from N23.89bn in 2023, driven by increased demand for its products and higher sales volumes, which accounted for 99.8 per cent of total...
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50% Telecom Tariffs: Centre Lauds NCC, NLC Over Meeting

06.02.2025
The Centre for Good Governance (CGG) has praised the Nigeria Labour Congress (NLC) and Nigerian Communications Commission (NCC) for meeting to discuss the 50 per cent increase in telecommunication tariffs. The meeting w convened by Secretary to the Government of the Federation (SGF) George Akume resulted in the suspension of the NLC’s proposed protests scheduled...
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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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