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BPP to sanction procurement officers over inflated projects

The Bureau of Public Procurement has issued a stern warning to procurement officers across ministries, departments and agencies, stating that it will expose and sanction any official involved in inflating contract costs or circumventing due process. The Director-General of the Bureau, Dr. Adebowale Adedokun, issued the warning over the weekend while speaking at an enlightenment...
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FG allocates N777bn for Abuja-Kaduna-Kano Road completion

The Federal Government has stated that a total sum of N777bn will be utilised to complete the ongoing reconstruction of the 700-kilometre Abuja-Kaduna-Zaria-Kano Road. Also, it has set a 14-month completion deadline for the reconstruction of section two of the project, which was awarded to Infiouest Construction Company at the cost of N525bn. Speaking at...
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Grid collapse defeated with additional 700MW –Minister

The Federal Government has announced a significant improvement in the stability of Nigeria’s power grid, attributing it to the installation of an additional 700 megawatts in transmission capacity. The Minister of Power, Adebayo Adelabu, said this at the weekend when he received the EU Ambassador to Nigeria, Gautier Mignot, in his office in Abuja. According...
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How to boost economic growth – Agbakoba

A legal luminary and former president of the Nigeria Bar Association, Dr Olisa Agbakoba, has stated that over-concentration of power at the centre will deprive Nigeria, with its abundant untapped resources, from moving to a desirable developed economy. The optimistic lawyer made this observation while addressing journalists during the presentation of a comprehensive 35-page report...
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Afriland Properties grows profit by 51%

A real estate development and management company, Afriland Properties Plc, grew its profit after tax by 51 per cent to N2.6bn at the close of the 2024 financial period. This is as the company recorded a profit before tax of N3.7bn, representing a 53 per cent increase from the N2.41bn reported in the previous year,...
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Cutix CEO Odunoye bags NASME award

The Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, has been honoured with the award of the most successful female entrepreneur/excellent performer as a woman chief executive by the Nigerian Association of Small and Medium Enterprises. Odunoye, who doubles as the Deputy President South of NASME, was feted at the NASME 2025 International Women’s Day/Awards,...
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SFS Capital retains top credit rating

Global Credit Ratings has reaffirmed SFS Capital Nigeria Limited’s credit rating. According to a statement issued on Monday, the agency maintained the company’s long-term issuer rating at A-(NG) and short-term rating at A2(NG), with a stable outlook signalling confidence in its strong financial health and risk management practices. GCR attributed the ratings to SFS Capital’s...
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CWG doubles dividend as profit soars by 428%

The dividend payout of Computer Warehouse Group more than doubled to 39 kobo at the end of the 2024 financial year as its profits rose by 428 per cent. The dividend declared at the company’s 20th Annual General Meeting held on Thursday in Lagos received commendation from shareholders. The company’s revenue surged by 97 per...
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Rand Merchant Bank Nigeria receives West Africa 2024 award

Corporate and investment bank Rand Merchant Bank Nigeria Limited has been recognised by DealMakers AFRICA for its lead advisory role in the exit of CardinalStone Partners from iFitness to Verod Capital Management. In a statement on Sunday, the firm said that the transaction underscored RMB’s deep expertise in executing complex private equity exits and facilitating...
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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...