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Nigeria Spends N88bn on Power Tower Vandalism Repairs

08.08.2025
The Transmission Company of Nigeria has disclosed that a sum of N88bn was spent by the Federal Government on the repair and restoration of power transmission facilities vandalised across the country from 2021 to date. The TCN Principal Manager (Lines), Lagos Region, Seyi Onabajo, disclosed this at a one-day sensitisation programme held at the Odogunyan...
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Governors’ Travel Spending Hits N80bn in 6 Months, Raising C

08.08.2025
Fresh findings have revealed that 29 state governors spent N79.97bn on domestic and international travel expenses between January and June 2025. This made the financial prudence and spending discipline of state governors come under intense public scrutiny, sparking renewed outrage and concern over what many describe as a growing culture of fiscal irresponsibility amid mounting...
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Nigeria Flights Face Disruption Monda

08.08.2025
Palpable tension is building up in Nigeria’s aviation sector as unions issued a notice of service withdrawal to the Federal Government, effective from Monday, August 11, 2025. This was contained in a statement signed by the General Secretaries of the Air Transport Services Senior Staff Association of Nigeria, National Union of Air Transport Employees, Association...
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New Stablecoin Tackles Currency Volatility in Em

08.08.2025
Blockfinex, an international cryptocurrency exchange founded by Nigerian tech entrepreneur Danny Oyekan, has unveiled its cryptocurrency, DollarCoin. The new digital currency is designed to provide a stable and accessible financial tool for individuals and businesses in emerging markets struggling with inflation, currency devaluation, and limited access to global financial systems. According to Blockfinex, DollarCoin aims...
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NPA Promotes Indigenous Vessel Ownership in Nigeria

08.08.2025
The Nigerian Ports Authority has restated its readiness to promote indigenous ownership of vessels in line with the ‘Nigeria First’ policy of President Bola Tinubu. According to a recent statement, the Managing Director of the NPA, Dr Abubakar Dantsoho, stated this during the maiden call of a fully Nigerian-owned container vessel, “MV Ocean Dragon”, at...
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Don Julio Launches Luxury Tequila in Nigeria

08.08.2025
Premium tequila brand Don Julio has launched its Reposado and Blanco products in the Nigerian market, targeting high-net-worth individuals and luxury lifestyle enthusiasts with a grand unveiling in Lagos. The launch event marked the world’s leading premium tequila’s strategic expansion into Nigeria, aiming to reposition tequila from a casual drink to a sophisticated spirit that...
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Foreign Investors Sell Off $576bn in Nigerian Stocks

08.08.2025
Foreign investors sold off equities worth N576.09bn on the Nigerian Exchange between January and June 2025, representing an 84.97 per cent increase from the N311.41bn withdrawn in the same period of 2024. The outflows exceeded foreign inflows, which stood at N559.25bn, resulting in a net negative foreign portfolio position of N16.84bn over the six months....
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Nigeria Pushes for Modern Manufacturing Equipment Boost

08.08.2025
The Federal Government has said that Nigeria must transition from importing used industrial scrap to deploying world-class, resilient manufacturing solutions as part of efforts to reposition the sector for global competitiveness. The Minister of State for Industry, Sen. John Enoh, stated this on Wednesday during the 2025 edition of the Nigeria Manufacturing and Equipment/Nigerian Raw...
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Abbey Mortgage Bank Appoints John Okonkwo as Executive Direc

08.08.2025
Abbey Mortgage Bank Plc, a leading institution in the mortgage sector, has strengthened its executive management team with the appointment of Mr John Okonkwo as Executive Director, Finance, Risk, and Operations. It said in a statement on Wednesday, the firm stated that this appointment has been formally approved by the Central Bank of Nigeria following...
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Royal Castle Powers Up with 14MW Gas Power Plant in Nigeria

08.08.2025
Amid persistent power supply challenges in Nigeria’s industrial sector, Royal Castle Ceramic Company Limited has taken a step toward energy independence by installing a 14.8-megawatt gas-fired power plant in partnership with Clarke Energy. Led by its Managing Director and Chief Executive Officer, Qian Jin, the ceramic manufacturer, long burdened by unreliable grid electricity and rising...
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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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