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Energy delivery in Nigeria low — Sahara Group

The Managing Director of Sahara Group, Kola Adesina, says Nigeria is backward in terms of the quantum of energy being delivered to the people. Adesina stated this in Lagos during the recent relaunch of the company’s Making A Difference Around Africa initiative, aimed at supporting entrepreneurs on the continent with seamless access to markets, technology,...
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Stakeholders seek more investments for LNG growth

Panellists at the Invest in African Energy Forum in Paris have said that accelerating Africa’s liquefied natural gas ambitions will depend on mobilising risk-tolerant investments, building strong technical and commercial partnerships, and committing to local capacity-building. Speaking during a discussion on monetising African gas sponsored by Perenco, UTM Offshore Managing Director, Julius Rone, emphasised that...
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Minister lauds firm for solutions to pipeline challenges

Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has lauded Engineering Automation Technology Company for its groundbreaking research and development investments, which have led to innovative solutions for gas pipeline infrastructure management in Nigeria. A statement on Wednesday disclosed that Ekpo had, during a recent visit to WrapMaster Global LLC, EATECH’s sister company based in...
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Lokpobiri, others to speak at NCDMB’s opportunity fair

About 1,000 delegates are expected at the 5th Nigerian Oil and Gas Opportunity Fair 2025 to be hosted by the Nigerian Content Development and Monitoring Board, the agency has announced. Speakers expected at the conference include the Minister of State for Petroleum Resources (Oil), and Chairman, NCDMB Governing Council, Heineken Lokpobiri; the Executive Secretary of...
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SEC joins IOSCO-ISSB network

The Securities and Exchange Commission of Nigeria has announced its entry into the Growth and Emerging Markets Committee Network on sustainability, a move aimed at aligning the Nigerian capital market with global sustainability standards. This development was made public on the sidelines of the International Organisation of Securities Commissions Annual Meeting held in Doha, Qatar....
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NGX investors gain N186bn on bullish trading

The Nigerian Exchange Limited recorded a bullish trading session on Wednesday, as investors gained N186bn in market capitalisation, driven by buying interest in major consumer goods, banking, and oil and gas stocks. At the session’s close, the All-Share Index rose by 296.72 points or 0.27 per cent to settle at 109,059.33 points. This brought the...
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Airtel Africa begins another $100m share buyback

Airtel Africa, a telecommunications and mobile money services provider, has announced the commencement of the second tranche of its $100m share buyback programme. In a statement filed on the Nigeria Exchange Limited on Wednesday, the company said the second phase of the repurchase will amount to a maximum of $55m and is expected to end...
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NSIB suspects ‘systemic issues’ in Wigwe crash

The Nigeria Safety Investigative Bureau has responded to the recent report by the United States National Transportation Safety Board that detailed the cause of the helicopter crash that claimed the life of the former Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe, alongside his wife, son, and three others. The NSIB in a...
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Sanwo-Olu seeks wider tax net for MSMEs, wealthy Nigerians

Lagos State Governor, Babajide Sanwo-Olu, has called for broader inclusion of Micro, Small and Medium Enterprises and high-net-worth individuals in Nigeria’s tax net to address growing tax evasion and boost revenue collection. Sanwo-Olu, represented by his Special Adviser on Taxation and Revenue, Ogungbo Abdul-Kabir Opeyemi, made the call on Tuesday during the opening ceremony of...
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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...