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Federal Roads Spending Soars 489% to N3.23tn in Nigeria

15.01.2026
The Federal Government has proposed spending N3.23tn on the construction and rehabilitation of federal roads in the 2026 budget, marking a sharp increase in capital allocation to the transport sector as it intensifies efforts to complete long-delayed highways and repair critical corridors nationwide. The proposed spending represents an increase of about 489 per cent in...
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Navy seeks NIMASA collaboration on Nigerian maritime safety

15.01.2026
The Nigerian Navy has called for increased collaboration with the Nigerian Maritime Administration and Safety Agency in the area of hydrography to sustain improved safety of navigation in Nigerian waters. This was contained in Tuesday’s statement by the Deputy Director/Head of Public Relations at NIMASA, Osagie Edward. According to the statement, the Flag Officer Commanding,...
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Bird Strike Highlights Aviation Safety Lapses in Nigeria

15.01.2026
The Nigerian Civil Aviation Authority and the Nigerian Safety Investigation Bureau have raised fresh concerns over poor coordination and safety lapses on airport aprons across the country, warning that weaknesses on the ground pose serious risks to lives, aircraft, and the credibility of Nigeria’s aviation system. The warning came as United Nigeria Airlines grounded one...
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TCN Urges Lagos State to Protect Power Infrastructure

15.01.2026
The Transmission Company of Nigeria has called for stronger collaboration with the Lagos State Government to safeguard critical power infrastructure amid growing urban expansion and mounting pressure on transmission corridors across the state. The call was made by the General Manager (Transmission), TCN Lagos Region, Mojeed Akintola, on Tuesday during a courtesy visit by the...
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Tranter IT Defines BPO in Nigeria with 268 Engineers

15.01.2026
Tranter IT announced on Tuesday that it has formalised its position as an experienced Business Process Outsourcing delivery partner in Nigeria, citing over 22 years of enterprise technology delivery and one of the largest embedded support workforces in the country’s enterprise market. The company said in a statement that it currently deploys more than 268...
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TotalEnergies Sells 10% Stake in Renaissance JV Nigeria

15.01.2026
TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement with Vaaris for the sale of its 10 per cent non-operated interest in the Renaissance Joint Venture licences in Nigeria. The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Company Limited (55 per cent), Renaissance Africa...
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US bank earnings rise in Q4 on strong loan growth

15.01.2026
Major US banks posted robust earnings in the fourth quarter of 2025, buoyed by growing demand from borrowers, a development that analysts say could bode well for lenders’ future profitability, Reuters reports. According to company filings and statements reviewed by Reuters, Bank of America saw its average loans grow by eight per cent compared with...
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NGX Crosses N100tn Mark in Reform-Driven Bull Run

15.01.2026
Two years into President Bola Tinubu’s tenure, Nigeria’s capital market has undergone a historic bull run, adding a staggering N36.6tn in value and surpassing the N100tn milestone. This monumental growth, fuelled by aggressive reforms, has revived investor confidence. Yet, analysts urge that this surge must now be secured through detailed policy clarity and consistent implementation...
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Group Decries Rising Shipping Charges & Poor Services

15.01.2026
A maritime research group under the auspices of the Sea Empowerment Research Centre has stated that shipping and ancillary port charges have increased sharply over the years, far outpacing improvements in service quality and efficiency. The group, in a statement on Monday signed by its Head of Research, Mr Eugene Nweke, maintained that many traditional...
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Retirement payouts surge 96% to N789.7bn in nine months

15.01.2026
Retirement and terminal benefits payouts almost doubled year-on-year, reaching N789.69bn in the first three quarters of 2025, according to The PUNCH analysis of quarterly figures from the National Pension Commission. According to PenCom’s data, total payouts for Q1, Q2, and Q3 stood at N286.35bn, N252.76bn, and N250.59bn, respectively, bringing the nine-month total to N789.69bn. This...
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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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