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DBN disburses over N1tn to MSMEs

19.05.2025
The Development Bank of Nigeria Plc has announced that it has disbursed over N1tn to Micro, Small and Medium Enterprises through 79 participating financial institutions across the country. The disclosure was made at a media parley with the Managing Director of the bank, Tony Okpanachi, in Lagos, where DBN also revealed that its support reached...
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Power firm secures N128bn to electrify 4m Nigerians

19.05.2025
Sun King, one of the world’s largest off-grid solar companies, has secured financing from a World Bank-backed programme to boost electrification in Nigeria. According to Bloomberg, the company secured a naira-denominated loan of $80m, about N128bn, from the International Finance Corp. and Stanbic IBTC Bank Ltd. The deal is the largest local-currency facility for energy...
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Customs intercept N1.5bn contraband

19.05.2025
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, said it intercepted seven 20ft containers of contraband worth N1.5bn between April 23, 2025, and to date. The Customs Area Controller in charge of the unit, Mohammed Shuaibu, announced this on Friday while showcasing some of the seized contrabands to journalists. He added that the...
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NPA, LASG partner to clear port corridor congestion

19.05.2025
Determined to clear the port corridor of congestion, the management of Nigerian Ports Authority, in collaboration with the Lagos State Government and other relevant agencies, recently embarked on a three-day clean-up and sensitisation operation at the Lagos Port Corridors. In a statement on Friday, the NPA disclosed that the exercise themed, ‘NPA security clearance operations...
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NDPHC, partners to deploy 20MW solar power in Kano

19.05.2025
The Niger Delta Power Holding Company has announced a partnership with the National Agency for Science and Engineering Infrastructure and Haier Technologies to deliver a 20-megawatt embedded solar power facility to the Challawa Industrial Area in Kano State. The initiative was formally set in motion during a high-level site assessment visit led by the Managing...
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Firm secures $5m investment for 108 solar mini-grids

19.05.2025
The International Finance Corporation, alongside the Canadian Government, has made a $5m investment in Husk Nigeria to scale up the deployment of solar hybrid mini grids and renewable energy to underserved communities in Northern Nigeria. The investment deal was announced in a recent statement sent to our correspondent in Abuja. The financing is intended to...
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Inflation surges above 30% in Abuja, 10 states

19.05.2025
The National Bureau of Statistics released its Consumer Price Index report for April 2025, revealing a slight easing in Nigeria’s inflation rate compared to previous months and the same period last year. The headline inflation rate moderated to 23.71 per cent year-on-year, marking a decline from 24.23 per cent recorded in March 2025 and a...
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Middle Belt, North-West, IPOB Issues

19.05.2025
Prof Usman Yusuf is a former Executive Secretary of National Health Insurance Scheme (NHIS). In this interview, he speaks on his arrest and detention by the Economic and Financial Crimes Commission (EFCC) as well as President Bola Tinubu’s two years in office, among other issues. ANAYO EZUGWU writes You’ve had an interesting couple of months...
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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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