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NGX secures funding to launch climate programme

04.07.2025
Nigerian Exchange Group has secured multi-billion naira funding from DEG Impulse gGmbH, a subsidiary of the German Development Finance Institution, to implement its flagship NGX Net-Zero Programme (N-Zero). In a statement made available to our correspondent on Thursday, the agreement was signed recently in Cologne, Germany, under DEG Impulse’s develoPPP initiative, which supports innovative private...
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Dangote Cement empowers Benue farmers for food security

04.07.2025
Dangote Cement Plc has launched a Farmers Empowerment Programme in Benue State, aimed at enabling 50 farmers to produce subsistence and cash crops in commercial quantities. A statement from the firm stated that the initiative is part of the company’s efforts to support the government’s food security drive and deepen business activities in the state....
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44 Rigs, 37 New Routes

04.07.2025
The Federal Government says it has approved 37 new crude oil evacuation routes across the country as part of reforms to bolster production and curb theft. It also said the number of crude oil rigs has increased from eight in 2020 to 44. This was disclosed by the Chief Executive of the Nigerian Upstream Petroleum...
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NNPC Clears Legacy Debts, Boosting Oil Producers

04.07.2025
The Chief Executive Officer of Seplat Energy Plc, Roger Brown, says the Nigerian National Petroleum Company Limited has cleared its legacy debts and now operates with improved financial alignment and discipline, a development he described as “a game changer” for indigenous oil producers. Speaking during a high-powered panel session titled “Harnessing Africa’s Energy Shift –...
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Nigeria Needs Private Sector Investm

04.07.2025
The Manufacturers Association of Nigeria has said the Port Harcourt, Warri, and Kaduna refineries are a drain on the country’s economy, calling on the Federal Government to sell the facilities. This comes as crude refiners and marketers advised the government to sell the refineries as scrap and use the proceeds to fund modular refineries, saying...
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Nigeria Budget 2025: IMF Warns of Crisis

04.07.2025
Nigeria’s fiscal outlook for 2025 is under serious threat, according to the International Monetary Fund, which has warned that the country must urgently revise its budget targets or face a deepening financial crisis. The IMF’s latest Article IV consultation report, released on Wednesday, points to a significant risk of Nigeria exceeding its fiscal deficit projections...
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GTCO Seeks $100M, Targets London Stock Listing

04.07.2025
Guaranty Trust Holding Company Plc has announced plans to raise approximately $100m through a fully marketed equity offering and transition from its current Global Depositary Receipts structure to a full listing of its ordinary shares on the London Stock Exchange’s Main Market for listed securities. The financial services group disclosed this in a statement filed...
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ECOWAS Bank approves $100m for Lagos-Calabar highway

04.07.2025
The ECOWAS Bank for Investment and Development has announced approval of $100m in funding for the construction of a 47.7km stretch of the Lagos-Calabar Coastal Highway. This is a major boost to the Federal Government’s quest to deliver the 700km Lagos-Calabar coastal highway by 2028. The  47.7km segment, designated as Section 1, Phase 1 of...
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Customs seize 27 illicit containers, seal three terminals

04.07.2025
The Nigeria Customs Service, Apapa Area Command, has said that it seized  27 containers of prohibited and illegally imported items between January and June 2025. This is even as the command announced that it sealed three bonded terminals for various infractions. The Customs Area Controller in charge of the command, Babatunde Olomu, disclosed this during...
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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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