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Nigeria Closing Infrastructure Gap with PPPs, says ICRC

01.01.2026
As Nigerians prepare to welcome the New Year, the Director-General of the Infrastructure Concession Regulatory Commission, Jobson Oseodion Ewalefoh, has called on citizens to enter 2026 with renewed hope, shared responsibility, and confidence in Nigeria’s infrastructure future. Ewalefoh described the New Year as a moment for reflection and recommitment, noting that infrastructure remains one of...
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Yusuf Signs N1.47trn 2026 Budget Into Law

01.01.2026
Kano State Governor Abba Yusuf yesterday signed the N1.47 trillion 2026 Appropriation Bill into law, a move aimed at boosting development and improving living standards in the state. This is contained in a statement issued by his spokesperson Sunusi Dawakin-Tofa in Kano. The Governor assented to the budget yesterday during a meeting of the Kano...
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Enugu New Yam Festival Showcases African Heritage

01.01.2026
The Enugu New Yam Festival 2025 (Iri Ji Grand Finale) marked the end of the harvest season with a celebration organiser described as a “world-class cultural spectacle”, combining tradition, music and modern production to showcase African heritage. The festival was owned and curated by Heritage & Culture Africa, with BigSea Promotions as the official production...
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Mouka’s Oladimeji Osingunwa Wins Branding Icon Award 2025

01.01.2026
Mouka, Nigeria’s leading foam and bedding manufacturer, announced that its Chief Commercial Officer, Oladimeji Osingunwa, has won the recipient of the Creative & Branding Icon Award 2025. The award recognises his exceptional contributions to brand development and the growth of Nigeria’s commercial landscape. Organised by Marketing Space, a leading Nigerian magazine for brands and marketing...
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Nigeria’s Oil Output Averages 1.46mbpd, Below OPEC Quota

01.01.2026
Nigeria produced a total of 443.25 million barrels of crude oil between January and October 2025, according to crude oil and condensate production data from the Nigerian Upstream Petroleum Regulatory Commission. According to the NUPRC report, this translates to an average of about 1.46 million barrels per day. Despite intermittent improvements, the output level meant...
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Digital Transformation is Key for Nigeria’s Economy

01.01.2026
Experts are urging Nigeria’s economic stewards to implement digital transformation with immediate urgency, warning that failure to do so will see the country lose ground to its global and continental counterparts. An author and governance and development strategist, Afolashade Jubrilla, made the call in a statement to The PUNCH, stressing that government policy, education systems...
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Nigeria FDI Rebounds to $720m in Q3 2025

01.01.2026
Foreign direct investment into Nigeria jumped to $720m in the third quarter of 2025, up sharply from $90m in the previous quarter. This represents a 700 per cent increase quarter-on-quarter, according to the Central Bank of Nigeria’s Balance of Payments Highlights for the period. On a year-on-year basis, the inflow was also higher than the...
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World Bank Urges Trade Standards for Economic Growth

01.01.2026
The World Bank has urged developing countries to play a more active role in shaping global trade standards, warning that a rapidly expanding set of international rules is increasingly tilting economic benefits toward wealthy nations and large multinational companies. In its World Development Report 2025: Standards for Development, the bank said standards covering areas ranging...
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MFB Maintains Portfolio Quality Despite Economic Pressure

01.01.2026
Lovonus Microfinance Bank has said that it has continued to preserve the quality of its loan portfolio despite economic pressure. In an interview, the Managing Director/Chief Executive Officer of the bank, Adeola Ayibiowu, said the development reflected a cautious and disciplined approach to lending at a time when many microfinance institutions are struggling with 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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