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Nigeria, UAE Sign Trade Deal to Waive Product Tariffs

28.01.2026
The Federal Government signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates to remove tariffs on some products. A member of the Governing Board of the North East Development Commission, Rep. Sam Onuigboin, in an interview with the News Agency of Nigeria in Abuja on Tuesday, said that the game changer in Abu...
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FG’s N501bn power sector bond records full subscription

28.01.2026
The Federal Government has announced that its N501 billion inaugural tranche under the Presidential Power Sector Debt Reduction Programme has recorded 100 per cent subscription from investors. The development was disclosed in a statement issued on Tuesday by the Special Adviser to the President on Energy, Olu Verheijen. According to the statement, the bond issuance,...
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Partial Grid Collapse Hits Nigeria After Substation Fault

28.01.2026
The national electricity grid experienced a voltage disturbance originating from the Gombe Transmission Substation on Tuesday morning, the Nigerian Independent System Operator has confirmed, clarifying that the event affected only part of the grid and did not result in a total collapse, contrary to some media reports. In a statement titled “Update on Partial System...
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Customs, NDLEA seize 347.5kg cannabis at Apapa port

28.01.2026
The Nigeria Customs Service, Apapa Area Command, and the National Drug Law Enforcement Agency have intercepted 347.5 kilograms of Canadian Loud, a potent strain of cannabis, hidden inside an imported Toyota Sienna. The command announced this in a statement on Tuesday by its Public Relations Officer, Isah Sulaiman, a Chief Superintendent of Customs, obtained by...
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How Inflation Slashed Household Spending in Nigeria

28.01.2026
Household consumption in Nigeria dropped by N21.33tn despite an increase in naira spending between 2021 and 2024. Against this backdrop, stakeholders are urging measures to control inflation and strengthen the naira to enhance living standards, writes ARINZE NWAFOR Nigeria faces a spending crisis, with real consumption spending plunging by N21.33tn between 2021 and 2024. Most...
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Cadbury Nigeria Profit Hits N12.1bn in Major Rebound

28.01.2026
Cadbury Nigeria Plc has returned to profitability, posting a profit after tax of N12.1bn for the year ended 31 December 2025, reversing a loss of N22.2bn recorded in 2024, according to its unaudited financial results. The food and beverage manufacturer’s turnaround was driven by revenue growth and improved operating performance. In its Unaudited Financial statement...
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UBA launches instant account opening digital platform

28.01.2026
The United Bank for Africa Plc has announced the launch of a simplified instant account opening digital platform designed to make banking faster, more accessible, and truly borderless for customers around the world. In a statement on Tuesday, the bank said that the new platform enables prospective customers to begin and complete their account opening...
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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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