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NIMASA accredits 27 registered shipyards in Nigeria

03.11.2025
The Nigerian Maritime Administration and Safety Agency has accredited 27 registered shipyards across the country. This is in accordance with its mandate enshrined in Section 22 of the NIMASA Act, 2007, and sections 335-339 of the Merchant Shipping Act, 2007, which gives the agency statutory powers to regulate, license, inspect and enforce standards for shipyard...
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How CBN reforms are boosting Nigeria’s FX inflows

03.11.2025
With global oil prices plunging to around $64 per barrel, well below Nigeria’s $75 budget benchmark, the country faces renewed fiscal and foreign-exchange pressures. Yet, through sweeping Central Bank of Nigeria reforms, foreign-exchange inflows are rebounding. By promoting non-oil exports, diaspora remittances, and local production while rebuilding reserves, the CBN is shielding the naira from...
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Coleman fibre plant linked to Nigeria’s $1tn economy vision

03.11.2025
The Federal Government has described the newly inaugurated Coleman Technical Industries Limited fibre optic cable factory in Ogun State as a major milestone that aligns with President Bola Tinubu’s ambition of transforming Nigeria into a $1 trillion economy. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the facility, the largest of its kind...
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Maritime bank hails Oramah’s visionary leadership

03.11.2025
The President and Chief Executive Officer of the Regional Maritime Development Bank, Mr Adeniran Aderogba, has commended Professor Benedict Oramah for his exemplary leadership and far-reaching contributions to Africa’s trade and economic development during his tenure as President and Chairman of the Board of Directors of the African Export-Import Bank from 2015 to 2025. In...
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FG hands over federal roads in Abia for completion

03.11.2025
The Federal Government has officially handed over the completion of several key federal road projects in Abia State to the state government, in what officials described as a new model of partnership to fast-track road infrastructure delivery under the Renewed Hope agenda. The handover, authorised by President Bola Tinubu, was announced by the Minister of...
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Nigeria’s idle power plants lock up over 10,000MW of electri

03.11.2025
Despite the country’s persistent lack of electricity, over 10,000 megawatts of electricity are being wasted across different idle plants scattered across the country, Sunday PUNCH has learnt. Nigeria’s Minister of Power, Adebayo Adelabu, decried the country’s wastefulness in the energy sector, revealing that more than 10 gigawatts of generation capacity remain stranded nationwide while millions...
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15% fuel duty to protect Nigerian refineries and investors

03.11.2025
The former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, has commended President Bola Tinubu for approving a 15 per cent import duty on petrol and diesel. In an interview with the News Agency of Nigeria in Lagos on Sunday, Osatuyi said that the policy would protect local refineries...
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MTN Nigeria tax bill hits N376bn after profit recovery

03.11.2025
MTN Nigeria Communications Plc reported a tax expense of N376.3bn for the nine months ended 30 September 2025, compared with a tax credit of N198.7bn in the same period a year earlier, according to its unaudited financial statements. The reversal in its tax position followed a strong recovery in profitability, with profit before tax rising...
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Mastercard partners ASA to advance farmer technology

03.11.2025
Mastercard has announced a collaboration with Agriculture Summit Africa 2025, to be hosted by Sterling Bank in Abuja, to empower farmers through technology. The partnership was announced at a press conference held at the headquarters of Sterling Bank recently. ASA is a platform for advancing agricultural transformation and sustainable food systems. This year’s summit, themed...
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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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