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FG’s Sukuk Hits Record 735% Oversubscription

The Series VII of the Sovereign Sukuk of the Federal Government has recorded an unprecedented subscription level of over N2.21 tn, representing an oversubscription of 735 per cent. This was revealed by the Debt Management Office on Wednesday, indicating that it offered N300bn on behalf of the Federal Government of Nigeria and recorded the feat....
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Nigerian Vessels Rise to 212, Report Shows Growth

The number of Nigerian flagged vessels registered increased from 182 in 2023 to 212 in 2024, which is a 16.48 per cent increase, the PUNCH has learnt. This was contained in a document from the Office of the Special Adviser to the President on Policy and Coordination exclusively obtained by our correspondent, which reviewed the...
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Aviation Sector Struggles with High Costs, FX Woes

PRINCESS ETUK spotlights Nigeria’s aviation crisis, pointing out the need for government to stabilise forex, support local airlines, and reduce the industry’s heavy dollar dependence The Nigerian aviation industry is currently grappling with significant financial challenges, primarily due to the depreciation of the naira and escalating operational costs. These issues have led to increased airfares,...
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NPA Awards Contract for Lekki Seaport Channel Survey

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has explained that the contract for the channel survey of the Lekki Deep Seaport has been awarded. According to a release over the weekend, Dantsoho made the announcement during his maiden visit to the deep seaport. “We have awarded the contract for the survey...
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ECOWAS Praises Customs Innovation Led by Customs CG

The Regional Trade Facilitation Committee of the Economic Community of West African States has commended the Comptroller General of Nigeria Customs Service, Adewale Adeniyi, for embracing innovation with the introduction of the Unified Customs Management System, also known as B’Odogwu. This was contained in a statement on Tuesday by the Public Relations Officer of the...
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FG Inaugurates Industrial Manpower Summit Committee

The Federal Government has inaugurated a seven-man planning committee ahead of the maiden edition of the National Industrial Manpower Development Summit, aimed at repositioning Nigeria’s industrial trajectory through robust human capital development. Inaugurating the committees in Abuja, the Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, said the summit is not...
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NNPCL, Heirs Energies Deliver Health Aid to Communities

The NNPC/Heirs Energies JV OML 17 Host Communities Development Trust has launched a free medical outreach initiative aimed at improving access to quality healthcare for residents across the OML 17 acreage in Port Harcourt, Rivers State. The initiative, spanning 15 centres in Umuechem, Igwuruta, Mgbodo-Alu, Eneka, Rumukurishi, Oyigbo, Iriebe, Umuebulu, Umuokwa, Odagwa, Egwi, Elelewon, Ozuoba,...
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SEC Warns Public Against Silverkuun Investment Scheme

The Securities and Exchange Commission has warned Nigerians against investing in unregistered investment schemes, specifically naming Silverkuun Investment Cooperative Society and Silverkuun Limited. In a circular issued on Wednesday, the Commission stated that it had been alerted to the activities of these entities, which falsely present themselves as investment advisers and fund managers in the...
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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...