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Nigeria faces project cuts over $555m aid drop

African governments, including Nigeria, must sharpen project execution to counter a $555 million cut in US contributions to the African Development Fund, the Project Management Institute’s managing director for Sub-Saharan Africa, George Asamani, said. The reduction, part of a broader contraction in global aid, threatens to disrupt critical infrastructure projects across the continent, from roads...
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Nigeria deepens partnership with China on industrialisation

The Federal Government has reaffirmed its commitment to the partnership with China, saying the collaboration will play a vital role in accelerating Nigeria’s industrialisation and economic transformation. According to a statement, President Bola Tinubu on Monday assured of the country’s investment relationship while receiving the Director-General and Global Liaison of the Nigeria-China Strategic Partnership, Joseph...
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Reps seek overhaul of MOFI Act

The House of Representatives Committees on Finance and Public Assets have called for a review of the Ministry of Finance Incorporated Act, 2024, to align with global financial management practices and regulatory expectations. The committees made the call on Tuesday at a public hearing to review and reform Nigeria’s financial legal framework. The hearing dwelt...
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Firm pledges annual investments in employee safety

The Group Managing Director, Chemstar Paints Industries Nigeria Limited (Paints & Chemicals), Mr Adedayo Paseda, has said the company will not relent in prioritising the health, safety, welfare, and well-being of employees. He disclosed this while declaring open the company’s Health & Safety Week 2025. According to him, the management spends over N20m yearly on...
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Seamfix strengthens cybersecurity innovation

Seamfix Limited has reaffirmed its commitment to strengthening cybersecurity in Nigeria’s financial sector as a platinum sponsor at the 2025 Committee of Chief Information Security Officers of Nigerian Financial Institutions Annual Conference, it said on Tuesday. The conference, held in Uyo, Akwa Ibom State, assembled Chief Information Security Officers, IT executives, and security professionals from...
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‘Talent gap threatening Africa’s digital job growth’

Founder and CEO of Intreensic, Nkebet Mesele has warned that a growing talent shortfall could undermine the continent’s digital ambitions as Africa prepares for an estimated 230 million digital jobs by 2030. In a recent interview on Global Business Report by Arise News, Mesele said Africa’s digital economy may struggle to reach its full potential...
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Fertiliser to attract $7m revenue daily — Dangote

The President of Dangote Industries Limited, Aliko Dangote, has said that in the next two years, the company will be exporting almost 16,000 tonnes of fertiliser, which will amount to about $7m daily revenue to the Federal Government. In a statement on Monday, Dangote announced this when he paid a courtesy visit to the headquarters...
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FIRS podcast launch drives tax awareness in Nigeria

The Federal Inland Revenue Service has launched a new podcast titled Tax Advocacy Podcast, a bi-weekly broadcast initiative aimed at strengthening awareness of Nigeria’s evolving tax landscape. According to a statement from the FIRS on Monday, the podcast is to be anchored by Aderonke Bello and will serve as an informative platform to deepen public...
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Govt begins payment of N35,000 wage award arrears

The Federal Government has commenced the payment of the N35,000 wage award arrears to federal civil servants across the country. This was disclosed in a statement issued on Monday by the Office of the Accountant-General of the Federation, which confirmed that several government employees had already received the credit alerts, while others would receive theirs...
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Finceptive raises N3bn in commercial paper

Finceptive Limited, a provider of supply chain financing solutions in Nigeria, has announced the successful completion of its N3bn Series 1 commercial paper issuance under its registered N20bn programme with FMDQ Securities Exchange. The issuance, which opened on May 6 and closed on May 12, 2025, was oversubscribed by institutional investors, reflecting market confidence in...
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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...