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World Bank flags Nigeria’s weak statistical performance

28.03.2025
The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. According to a statement by the budget ministry’s Director, Information and Public Relations, Mrs Julie Osagie-Jacobs, this was noted during a courtesy visit to the Minister...
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Firm empowers 135,000 farmers with tractors

28.03.2025
TracTrac, an agricultural mechanisation service provider, has provided tractors and mechanised farming solutions to over 135,000 smallholder farmers to boost Nigeria’s food production. The company, which was founded in 2019, is tackling the challenges of high costs, limited financing, and weak supply chains that have kept mechanisation out of reach for most farmers. In a...
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Reps to probe N1.24tn Sukuk funds

28.03.2025
The House of Representatives on Wednesday resolved to probe Sukuk backed road projects valued at about N1.24tn raised In the past seven years (2017- 2024). The resolution of the House followed the adoption in plenary of a motion of urgent public importance sponsored by Nasarawa lawmaker, Mr Jonathan Gbefwi. Recall that the Federal Government has...
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MTN, Airtel plan cost reduction in network sharing deal

28.03.2025
MTN Group and Airtel Africa have signed a network infrastructure-sharing agreement in Nigeria and Uganda, aiming to reduce costs and expand mobile connectivity in underserved areas. Under the agreement, both companies will explore various models of network collaboration, including Radio Access Network sharing and fibre infrastructure partnerships. This could involve the construction of new fibre...
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Pharmaceuticals now exempted from import duty, VAT – Customs

28.03.2025
The Nigeria Customs Service has announced a two-year exemption from import duty and Value Added Tax for critical raw materials essential for the production of pharmaceuticals. The exemption, granted under a presidential executive order, was disclosed on Wednesday in a statement issued by the NCS National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada. Maiwada specified...
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Money supply dropped to N110.3tn in February – CBN

28.03.2025
Nigeria’s money supply recorded its first decline in 2025, falling to N110.32tn in February from N110.94tn in January, data from the Central Bank of Nigeria showed. The 0.56 per cent month-on-month drop comes amid continued efforts by the apex bank to manage liquidity in the system, following earlier signals of monetary tightening and foreign exchange...
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Petrol price hike looms as talks drag, imports rise

28.03.2025
The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of imported PMS has increased again, amid the recent rise in the importation of the commodity, The PUNCH reports. The surge in imported petrol is coming amid the Dangote refinery’s suspension of the sale of petroleum...
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7 Injured As Driver Flees Scene

28.03.2025
A multiple-vehicle accident occurred on Thursday along the Sabo-Itokin Expressway in Ikorodu, Lagos State, leaving seven passengers injured. The crash involved two commercial buses and a Lexus 330 Jeep, which collided after the driver of the Jeep attempted to overtake another vehicle and lost control. According to preliminary findings by the Lagos State Traffic Management...
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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
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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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