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Court Reserves Judgement In CHURAC’s Suit Over PIA’s Penalty For Oil Facility Vandalism

30.06.2025
A Federal High Court in Warri, Delta State, has reserved judgement in a constitutional case that could reshape the legal framework governing Nigeria’s oil-producing communities. The case filed by the Centre for Human Rights and Anti-Corruption Crusade (CHURAC) targets two controversial provisions, Sections 257(2) and (3) of the Petroleum Industry Act (PIA) of 2021. These...
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Nigeria Economy Needs Transformation, Not Incremental Change

30.06.2025
As Nigeria grapples with a faltering economy, high inflation, and a depreciating currency, a development expert, Dr Segun Akinloye, has called for an urgent structural change to rescue the country from deepening fiscal and economic distress. In a newly released article titled “10 Solutions to Nigeria’s Problems: A Critical X-Ray of the Nation,” on Friday,...
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Starlink Resumes Service in Nigeria

30.06.2025
Starlink, the satellite internet provider owned by Elon Musk’s SpaceX, has resumed new customer activations in Nigeria, following an expansion of its network capacity and a regulatory pause that halted residential orders late last year. The PUNCH reported that the internet firm with over 60,000 subscribers suspended new orders for its residential internet kits across...
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Stock Market Sheds N491bn: Weekly Losses Hit Nigeria

30.06.2025
The Nigerian Stock Market ended the week bearish on Friday, with investors recording a loss of N491 billion. Market capitalisation declined by N491 billion or 0.64 per cent, closing at N75.962 trillion from N76.453 trillion on Thursday. Similarly, the All-Share Index dropped by 776.92 points or 0.64 per cent to 119,995.76 from 120,772.68 recorded previously....
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Nigeria Mini-Grids Power 6 Million: W’Bank Report

30.06.2025
A new World Bank report has revealed that Nigeria’s decentralised renewable energy drive has connected nearly six million people to power through more than 170 mini-grids and 1.2 million stand-alone solar systems, even as the country continues to battle the largest electricity access gap in the world. The newly released report, “Tracking SDG7: The Energy...
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Tax Reform in Nigeria: ACCI Commends Tinubu’s Action

30.06.2025
The Abuja Chamber of Commerce and Industry has commended President Bola Tinubu for signing into law four landmark tax reform bills and urged the government to ensure full implementation. It described the move as a bold and strategic step towards enhancing the ease of doing business, attracting investment, and establishing a fairer and more transparent...
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Rising Crude Prices Boost Nigerian Market

30.06.2025
Investment firm Meristem Securities Limited has projected that Nigerian oil and banking stocks will benefit from the ongoing surge in global crude oil prices driven by geopolitical tensions in the Middle East. According to Meristem’s latest macroeconomic and capital market update, the rising oil prices could have implications for Nigeria’s economy and financial markets, with...
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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
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

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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