January 2026 – Page 63

Shipowners to Get Vessel Loans in Nigeria at 6.5% Interest

25.01.2026

The Federal Government on Thursday inaugurated the Cabotage Vessels Financing Fund application portal to enable shipowners to access the fund. This is even as the government added that beneficiaries will access the loan at an interest rate of 6.5 per cent with an eight-year repayment plan. Speaking during the commissioning in Lagos, the Minister of...

Customs seize N229m smuggled goods, vehicles in Bauchi

25.01.2026

The Federal Operations Unit, Zone D, Bauchi, of the Nigeria Customs Service has intercepted smuggled vehicles, petroleum products, donkey meat and skins, as well as second-hand clothing, with a total duty-paid value of over N229m. The Comptroller of the unit, Abdullahi Ka’ila, disclosed this on Friday during a press briefing in Bauchi, saying the seizures...

Kano DisCo workers suspend strike after reaching agreement

25.01.2026

The management of Kano Electricity Distribution Company says its workers have suspended the ongoing industrial action following what it called productive engagements and concrete resolutions reached by all parties. PUNCH Online reports that the Senior Staff Association of Electricity and Allied Companies and the National Union of Electricity Employees at the Kano Electricity Distribution Company...

Expert Calls for Better Environmental Energy Infrastructure

25.01.2026

An environmental compliance expert in the United States oil and gas sector, Emmanuel Ladapo, has urged governments to prioritise scientific environmental leadership in managing existing infrastructure. Speaking with Saturday PUNCH, Ladapo said the role of environmental oversight within energy systems represents a sustained contribution at the intersection of science, engineering, and public responsibility. The expert,...

CBN Urges Balance as Digital Payments in Nigeria Surge

25.01.2026

Digital payments in Nigeria have recorded a 276 per cent increase in transaction volume over the past five years, underscoring rapid adoption of electronic channels, even as cash continues to play a critical role in the economy, the Central Bank of Nigeria has said. This was disclosed at the Committee on Bank Operations Annual Conference...

National Grid Collapses, Power Generation Drops to 24MW

25.01.2026

The National Power Grid collapsed once again, leaving parts of the country in darkness and disrupting electricity supply to millions of households and businesses. Checks by our correspondent revealed that electricity generation dropped sharply from over 4,500 megawatts to as low as 24 megawatts as of 1:30 pm. All 23 power generation plants connected to...

Monarchs Must Tell Government The Truth, Says Oba Of Lagos

25.01.2026

The Oba of Lagos, Oba Riliwanu Aremu Akiolu, has urged traditional rulers across the country to lead by example and speak honestly to government, warning against telling political leaders only what they want to hear. The revered monarch spoke at the Iga Iduganran Palace during a ceremony marking the presentation of instruments of office to...

FG Sets Framework To Resolve JOHESU Dispute, Assures Review Of CONHESS

25.01.2026

The Federal Government has announced the establishment of a structured framework aimed at resolving the ongoing industrial dispute with the Joint Health Sector Unions (JOHESU), while reaffirming its commitment to reviewing the Consolidated Health Salary Structure (CONHESS). The Federal Ministry of Health and Social Welfare disclosed this in a press release issued on Friday, following...

Ex-Legislators Call For Constitutional Rotational Presidency

25.01.2026

…Endorse Tinubu for 2027 The National Forum of Former Legislators (NFFL), on Saturday, urged that the principle of rotational presidency between Nigeria’s North and South be entrenched in the Constitution, aiming to ensure long-term national cohesion beyond 2031. This was even as the forum officially endorsed President Bola Tinubu as its sole candidate for the...

Ikorodu LG Chairman Delivers Infrastructure As Hon. Benson Flags Off Mowo Nla Road

24.01.2026

Ikorodu Local Government witnessed a significant leap in infrastructure development on Saturday, as Hon. Babajimi Benson, Member of the House of Representatives representing Ikorodu Federal Constituency, facilitated and flagged off the 3.5-kilometre Mowo Nla (Ewu Owa Bagidan)–Gberigbe Road Project. This is as the Executive Chairman of the Local Government, Hon. Prince Adedayo Ladega, commissioned the...