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Senate Vows Crackdown on IOCs Violating Local Content Laws

05.12.2025
The Senate Committee on Local Content has warned that international oil companies and other operators breaching Nigeria’s local content laws will face unprecedented scrutiny, as the National Assembly moves to enforce a new era of strict compliance across the industry. Chairman of the committee, Senator Joel-Onowakpo Thomas, speaking at the 14th Annual Practical Nigerian Content...
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NCDMB bars middlemen from NCEC certification process

05.12.2025
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, on Tuesday said the Board has tightened its certification process to stop middlemen and dubious operators from accessing Nigerian Content compliance documents. Speaking at the Practical Nigerian Content Forum in Yenagoa, Bayelsa State, Ogbe said the move aligns with the Presidential Directive...
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Pinnacle opens new retail service station in Makurdi

05.12.2025
Pinnacle Oil and Gas Limited, one of Nigeria’s indigenous players in the midstream and downstream sector, has expanded its retail footprint with the launch of its Makurdi service station in the Benue State capital. In a statement on Wednesday, the company said the ultra-modern facility, located opposite First Bank at Lafia Road Junction, is strategically...
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REA Plans N500bn Capital Market Raise for Solar Projects

05.12.2025
The Rural Electrification Agency says it will go to the capital market to raise N500bn, backed by a new renewable asset management company designed to hold and leverage federal solar investments worth $200m to $300m. The Managing Director of the agency, Abba Aliyu, disclosed this at PwC’s power roundtable in Lagos recently, saying the move...
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FirstBank supports arts at 2025 Oke-Odan Festival

05.12.2025
FirstBank of Nigeria Ltd has highlighted its commitment to promoting Nigeria’s rich cultural heritage through the sponsorship of the Oke-Odan Cultural Festival 2025 in the Oke-Odan community of the Yewa South Local Government Area of Ogun State. In a statement, the lender said that the sponsorship was hinged on its First@Arts initiative, which promotes African...
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Key Strategies for Entrepreneurial Growth and Success

05.12.2025
Entrepreneurs have been urged to think differently if they desire growth in their businesses. This call was made by the Managing Director/Chief Executive Officer of Mainland Oil & Gas Co. Limited, Dr Chris Igwe, at the 10th annual conference & trade expo organised by the Masterpiece Resource Development Centre in Lagos. According to the 2024...
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CBN Holds Interest Rate Steady at 27% Amid Disinflation

05.12.2025
The Central Bank of Nigeria has again held the Monetary Policy Rate at 27 per cent, marking the fourth pause this year as it prioritises stability amid a slowing but still elevated inflation cycle. With disinflation gaining ground, firmer reserves and a steadier exchange rate, the MPC opted for caution, allowing earlier tightening measures to...
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Nigeria’s 2026 Budget: N20.1tn Deficit Sparks Concern

05.12.2025
The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply that it now exceeds the entire national budget of 2022 by N2.78tn, The PUNCH reports. This deficit likely means the government plans to borrow...
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LCCI elects Leye Kupoluyi as its 44th president

05.12.2025
The Lagos Chamber of Commerce and Industry has elected Leye Kupoluyi as its 44th 44th President and Chairman of Council, following the completion of Gabriel Idahosa’s tenure, The PUNCH has learned. Until his election as president, Kupoluyi, an engineer, served as a Deputy President of the LCCI. He takes over from Idahosa, who was elected...
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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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