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Fuel, power costs driving high inflation, say firms

05.06.2025
The Central Bank of Nigeria has reported that the majority of Nigerian firms identify high energy costs, particularly fuel, diesel, and electricity, as the leading cause of inflation in the country. This was disclosed in its May 2025 Inflation Expectation Survey, which highlights worsening concerns about the cost environment for businesses across the country. According...
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Electricity tariff reform targets N200bn subsidy burden

05.06.2025
The National Council on Power has adopted a cost-reflective tariff for electricity consumption to reduce the country’s N200 bn monthly electricity subsidy. This was contained in a communique issued by the Ministry of Power at the just-concluded 6th edition of the National Council on Power held in Maiduguri, Borno State. The National Council on Power...
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Mining growth slows as capital shortage hits sector – RMDB

05.06.2025
The President/Chief Executive Officer of the Regional Maritime Development Bank, Mr Adeniran Aderogba, has decried the structural and financial barriers hindering Africa’s mining sector, urging African nations to confront them. According to a statement over the weekend, Aderogba stated this recently while speaking during a high-level panel discussion at the African Development Bank Annual Meetings...
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Standard Insurance Celebrates 45th Anniversary Milestone

05.06.2025
Standard Insurance Consultants Limited, an insurance and reinsurance brokerage firm in Nigeria, has committed to industrial development and has donated N50m towards the  Nigerian Council of Registered Insurance Brokers’ Lagos building project. During the firm’s 45th anniversary celebration in Lagos, the Chairman and Managing Director of SICL, Professor Ahmed Salaudeen, announced the donation, according to...
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DSS Debunks Move To Arrest Utomi

05.06.2025
The Department of State Service (DSS) has said that it has no intention of arresting Professor Pat Utomi or any individual over alleged plans to establish a shadow government in Nigeria. Lead counsel to the DSS, Akinlolu Kehinde (SAN), made this clarification on Wednesday while addressing journalists shortly after filing a fresh application before the Federal...
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Ateke Denies Rift With Presidential Amnesty Boss

04.06.2025
Former militant leader and now Amanyanabo of Okochiri, His Royal Majesty King Ateke Tom, has dismissed claims of a rift with Dr. Dennis Burutu Otuaro, the Administrator of the Presidential Amnesty Programme, describing the reports as entirely false and misleading. Reacting to media reports alleging that he publicly humiliated the amnesty boss during his birthday...
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DSS Denies Move To Arrest Utomi

04.06.2025
The Department of State Service (DSS) has said that it has no intention of arresting Professor Pat Utomi or any individual over alleged plans to establish a shadow government in Nigeria. Lead counsel to the DSS, Akinlolu Kehinde (SAN), made this clarification on Wednesday while addressing journalists shortly after filing a fresh application before the Federal...
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Ex-Abia LG, PDP Chairmen Declare Support For Tinubu

04.06.2025
Former Local Government chairmen across party lines in Abia State have declared their support for President Bola Tinubu, pledging to work for his reelection in 2027. Operating under the auspices of the South East Forum of Former Local Government Chairmen, the former chairmen declared their support during a courtesy visit to the Deputy Speaker of...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
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

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
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...

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