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NDPHC decries N600bn electricity debt, stranded 2,000MW

The Management of Niger Delta Power Holding Company says the Nigeria Bulk Electricity Trading Plc and other bilateral entities are owing NDPHC close to N600bn, thereby hindering the company’s operations. The company decried what it called the dismal uptake of electricity from the electricity market, saying this is significantly weighing down its operations. The Managing...
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Workers barred from speaking with journalists

As maintenance activities commenced at the Port Harcourt Refining Company, employees of the facility have been barred from speaking with journalists who may visit the plant during the exercise. A memo sent to workers by the management of the refinery warned them strongly against engaging in any discussion with pressmen or visitors at the refinery,...
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FG inaugurates committee on sale of seized 763 duplexes

The Minister of Housing and Urban Development, Ahmed Dangiwa, unveiled a 12-member ministerial committee to oversee activities on the seized 753 houses linked to former Central Bank of Nigeria Governor Godwin Emefiele. The 753-housing estate was recently handed over to the Ministry of Housing and Urban Development by the Economic and Financial Crimes Commission, following...
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6,000 AfDB delegates meet to elect new president

Critical stakeholders have stressed the need to improve the country’s pharmaceutical manufacturing capacity, identifying technology, strategic investments and collaboration as tools needed to drive sustainable growth in Nigeria’s pharma sector. Rising at the 2025 Nigeria Pharmaceutical Industry Growth and Investment Summit, the stakeholders emphasised the critical challenges facing Nigeria’s pharmaceutical industry, adding that it was...
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NIESV advocates revenue generation through ground rent

The Nigerian Institution of Estate Surveyors and Valuers has advocated for affordable land access paired with sustainable government revenue through ground rent collection. Chairman of the Lagos State chapter of the body, Gbenga Ismail, stated this while speaking with journalists at the yearly Estate Surveyors’ Week in Lagos recently. He said, “Government should allow land...
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Brokers urged to brace for insurance reforms

The Nigerian Council of Registered Insurance Brokers, Lagos Area Committee, has urged its members to prepare for the opportunities and challenges in the Insurance Reform Bill, which has been passed by the National Assembly. During a session at its last Annual General Meeting in Lagos, focused on the anticipated Nigerian Insurance Industry Reform Act themed...
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WAICA unveils speakers for 2025 Education Conference

The West African Insurance Companies Association has unveiled the speakers lined up for the 2025 Education Conference held at Eko Hotels and Suites, Lagos, in October. According to the WAICA Secretary-General and Chief Executive Officer, Mr Davis Iyasere, the keynote address of the conference themed ‘The West African Insurer In The Face Of Climate Change’...
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Debt burden tops AIO 2025 agenda

African insurance players will be discussing the continent’s debt burden and its impact on their operations at the 51st African Insurance Organisation conference and Annual General Meeting in Addis Ababa, Ethiopia. The conference opened on Saturday under the theme ‘Balancing the Books: Africa’s Debt Problem, Why Does Country Debt Impact Insurers?’ offers a platform for...
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Foreign trade payment rises to $267.96m – CBN

Nigeria’s fulfilment of foreign trade transactions through Letters of Credit rose by 3.68 per cent year-on-year to $267.96m in the first four months of 2025, up from $258.46m in the corresponding period of 2024. This was disclosed by the Central Bank of Nigeria in its International Payments Data published on its website on Sunday. A...
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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...