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Heirs Energies, Renaissance Boost Nigeria’s Oil Development

Heirs Energies Limited and Renaissance Africa Energy Company have pledged to work together to drive Nigeria’s indigenous oil and gas development. The two companies made this known during a high-level courtesy visit by the CEO of Heirs Energies, Osa Igiehon, to Renaissance’s leadership team, led by the  Managing Director, Tony Attah. The meeting, which marked...
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AKK Pipeline Crosses River Niger: Major Milestone Achieved

Oilserv Limited, the contractor handling the 614km Ajaokuta-Kaduna-Kano gas pipeline project, says the pipeline has crossed the River Niger. The contractor said this in an update on its X handle on Tuesday. Oilserv announced the successful completion of a critical phase of the pipeline crossing the River Niger using a technology aimed at preserving the...
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Keyamo’s Impact Lauded: Aviation Industry Boosted

The Airline Operators of Nigeria has praised the Minister of Aviation and Aerospace Development, Festus Keyamo, describing him as God-sent to Nigeria’s aviation industry in repositioning the country’s aviation sector. In a press release signed by AON Vice President Allen Onyema, the Minister was described as “God-sent to Nigeria’s aviation industry,” commending his proactive and...
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Tinubu Unveils 2,000 Tractors for Nigeria’s Agriculture

President Bola Tinubu has launched the distribution of 2,000 tractors and thousands of farming implements under the Renewed Hope Agricultural Mechanisation Programme, an initiative aimed at boosting food security and national prosperity. Speaking during the launch of the programme in Abuja on Monday, Tinubu reaffirmed his administration’s commitment to delivering on its promises and building...
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Edo Infrastructure: AfDB Partnership for Growth

The Edo State Government and the African Development Bank have concluded plans for a strategic partnership focused on urban transportation, infrastructure, urban renewal, youth employment, and human capital development. A statement by the Chief Press Secretary to Governor Monday Okpebholo of Edo State, Fred Itua, stated that the agreement was reached at a high-level technical...
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Stop Import Levy: Reps Order Nigeria Customs

The House of Representatives has directed the Nigeria Customs Service to stop the collection of the Comprehensive Import Suspension Scheme levy with effect from June 30, 2025. The Chairman, House Committee on Customs and Excise, Leke Abejide (ADC, Kogi) issued the directive on Monday in Abuja during the 2024 budget performance review of N6.11 trn...
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FAAN Raises Airport Charges, Launches Automated Payment

The Federal Airports Authority of Nigeria has announced plans to increase tariffs for all service providers operating at its airports as part of efforts to improve revenue generation. Additionally, the authority will phase out all cash transactions at payment points, moving toward a fully automated and contactless payment system. FAAN disclosed that 92 per cent...
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Sterling Financial Q1 Profit: N17.2bn Surge

Sterling Financial Holdings Company Plc recorded a profit after tax of N17.2bn for the first quarter ended March 31, 2025, more than doubling the N7.5bn posted in the corresponding period of 2024. The financial services firm’s performance was driven by an increase in interest income, which rose by 42 per cent from N55.3bn in Q1...
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Greenwich Bank Gets A- Credit Rating Upgrade

Greenwich Merchant Bank Limited has received an upgraded credit rating of ‘A-’ with an outlook from rating agency Agusto & Co., signalling financial strength, risk management and a path for long-term growth. This marks an upgrade from its previous “BBB+” rating in 2024 and reflects the bank’s operational performance and sustained profitability. In a statement...
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IMG to Raise N6.5bn via Rights Issue

Industrial & Medical Gases Nigeria Plc has secured shareholders’ approval to raise N6.5bn through a rights issue as part of its plan to strengthen capital, expand operations, and deepen market reach. The approval was granted over the weekend at an extraordinary general meeting held immediately after the company’s 65th annual general meeting in Lagos, where...
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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...