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Electricity subsidy spending balloons to N762bn

Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission showed that the subsidy on power was approximately N178bn in January. It rose to N194bn in February, N192bn in March, and N194bn in April. The Federal Government is therefore going to...
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ICPC Probes Discrepancies In Disbursement Of Student Loan

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Thursday announced it has commenced an investigation into discrepancies in the disbursements of the student loan, saying ₦71bn has been unaccounted for in the scheme. This is contained in a statement issued by the anti-graft agency spokesperson, Demola Bakare. According to the statement, the...
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Otti Clears Over 50% Inherited Debt Without Borrowing

Of the N138 billion financial liability inherited from the previous administration in Abia State, Governor Alex Otti State has paid off N72 billion without borrowing a dime. Otti made the disclosure during the monthly media conference where he corroborated the Debt Management Of fice (DMO), report that his administration inherited a debt profile of N138...
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Agro-processing sector requires $538m investments annually – LCCI

The Lagos Chamber of Commerce and Industry’s Agricultural and Allied Group has projected that increasing nationwide agro-processing capacity would require a continuous investment of $538m yearly for at least a decade. In separate phone interviews with The PUNCH, agriculture stakeholders urged the Federal Government to scale up agro-processing investment across the 36 states and the...
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FG To Probe Alleged Illegal Deductions From Students’ By Varsities

The Minister of Education, Maruf Olatunji Alausa, has pledged a thorough investigation into disturbing allegations of unauthorized deductions by some Nigerian universities from funds disbursed under the Nigerian Education Loan Fund (NELFund) scheme. Describing the allegations as “very disturbing and extremely concerning,” Alausa stressed that any unauthorized financial deductions from student loans represent a serious...
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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...