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TCN warns of delays in 624MW Abuja power project

The Transmission Company of Nigeria has raised concerns over persistent right-of-way constraints delaying the completion of a key power transmission project expected to deliver about 624 megawatts of electricity to Abuja and surrounding areas, calling for urgent intervention by the Federal Government. The warning was issued on Thursday during an inspection tour of key components...
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Dangote petrol supply capacity exceeds Nigeria’s daily needs

The Dangote Petroleum Refinery has reaffirmed its capacity to supply fuel volumes significantly higher than Nigeria’s estimated domestic consumption. In a statement on Thursday evening, the refinery said it can supply 75 million litres of Premium Motor Spirit (petrol) daily, compared with an estimated national consumption of 50 million litres. Aside from petrol, the plant...
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Nigeria May Raise Sin Taxes on Alcohol & Cigarettes

The Federal Government may raise excise duties on alcohol, tobacco, and other so-called “sin goods” as part of sweeping tax and revenue reforms tied to a $750m World Bank financing programme, according to an official implementation report on the facility. The World Bank, in its Implementation Status and Results Report on the Nigeria Accelerating Resource...
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MAN Urges Action on Nigeria’s Value-Addition Bill

The Manufacturers Association of Nigeria has warned that the value-addition bill, which seeks to mandate at least 30 per cent local processing of commodities before export, has lingered at the National Assembly longer than expected despite its strategic importance to the economy. MAN urged the Federal Government to ensure the passage of the proposed 30...
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FAAN Cargo Tariff Hike Sparks Protest Fears Among Agents

Operations at airports controlled by the Federal Airport Authority of Nigeria across the country may be disrupted on Monday as cargo agents plan a protest against the authority’s planned implementation of a new cargo tariff regime. Findings by The PUNCH indicate that FAAN may commence the enforcement of the tariff increase, effective February 2, 2026....
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Nigeria’s Domestic Borrowing Surge Squeezes Businesses

The Federal Government’s domestic borrowings from financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public and private sector access to credit, according to data obtained from the Central Bank of Nigeria on Thursday. An analysis of money and credit statistics showed that credit to the Federal Government outpaced...
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NECA Faults Renewed Enforcement of Sachet Alcohol Ban

The Nigeria Employers’ Consultative Association has faulted the renewed enforcement of the ban on the production and sale of alcoholic beverages in sachets and small PET bottles by the National Agency for Food and Drug Administration and Control. The body warned that it was unacceptable to punish compliance while ignoring gaps in retail enforcement and...
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Right-of-way delays stall 624MW Abuja power project

The Transmission Company of Nigeria has raised fresh concerns over persistent right-of-way constraints delaying the completion of a critical power transmission project expected to deliver about 624 megawatts of electricity to Abuja and surrounding areas, calling for urgent intervention by the Federal Government. The warning came on Thursday during an inspection tour of key components...
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FG moves to stop substandard agric imports

The Federal Government, through its Nigeria Agricultural Quarantine Service, has warned that Nigeria must not become a dumping ground for substandard agricultural produce. This is even as the agency called on shippers to embrace zero tolerance for unsafe imports, as it sealed a compliance pact with fruit importers in the country. Speaking on Wednesday during...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...