February 2026 – Page 167

Ikere Gorge Dam Concession to Create 10,000 Jobs

02.02.2026

The Federal Government has announced that the concession of the Ikere hydropower plant in Iseyin Local Government Area of Oyo State will generate over 10,000 direct and indirect jobs, while boosting power supply by six megawatts to the state and neighbouring states. The Minister of Power, Bayo Adelabu, made the announcement during the handover of...

Otedola defends First Bank’s N748bn loan write-off

02.02.2026

Group Chairman of First Bank Holdings, Mr Femi Otedola, has defended the company’s decision to take a one-time charge of N748bn to clear legacy bad loans, describing the move as a strategic step toward long-term stability despite its impact on reported profits. The billionaire businessman disclosed this via his X handle on Saturday, explaining that...

How XchangeBox is solving Nigerian farmers finance issues

02.02.2026

In this interview with JUSTICE OKAMGBA, XchangeBox Chief Executive Officer Abiola Jimoh says stringent collateral requirements and delayed payments are constraining Nigerian farmers, eroding their cash flow, pushing them toward costly informal borrowing, and curbing their ability to expand operations Why do Nigerian farmers and small businesses continue to struggle to access loans despite the...

FG’s N105bn housing budget deemed inadequate by experts

02.02.2026

The Federal Government has increased the budgetary allocation to the Federal Ministry of Housing and Urban Development by seven per cent, raising it from N98.13bn in 2025 to N105bn in the 2026 Appropriation Bill. Budget documents show that the allocation is intended to support housing delivery, urban renewal, renewable energy projects, and federal infrastructure nationwide....

Petrol Price May Hit N1,000/Litre Amid Crude Oil Surge

02.02.2026

The pump price of Premium Motor Spirit (petrol) may rise to N1,000 per litre in the coming days due to the surge in crude oil prices on the international market. Fuel marketers told Saturday PUNCH that the sudden surge in the global crude prices to over $70 per barrel could trigger another increase in the...

NASSLAF Denounces APC Legislative Aides Operating At NASS

02.02.2026

The National Assembly Legislative Aides’ Forum (NASSLAF), has vehemently denounced and dissociated itself from a group parading as the APC National Assembly Legislative Aides Support Group (ANALAG). NADSLAF, in a statement jointly signed in Abuja by its Chairman and Secretary, Barrister Emeka Nwala and Umar Abdullah, respectively, the forum described the APC group’s formation and...

Edo Police Arrest Eight Suspected Kidnappers, Rescue Two Victims

02.02.2026

Edo State Police Command on Sunday said it has arrested eight suspected kidnappers in the last few days, while rescuing two kidnapped victims in Ekpoma, Edo State. Besides, the Command said five suspects were also arrested for alleged vandalism of a petroleum pipeline around the Edo Central Senatorial District. A statement by the State Police...

Coastal Road: Nigerians In Diaspora Urge Umahi To Pay Compensation Over Demolition

02.02.2026

Nigerians in the Diaspora have petitioned the National Assembly against the Minister of Works, Engr David Umahi, for non-payment of compensation for their demolished investment in the Okun Ajah area of Eti Osa Local Government, Lagos State. The Diaspora investors, who invested under the Winhomes Estate Global Services Limited, accused the Minister of not only...

Nasarawa: I Won’t Accept A ‘Spare Tyre’ Role As Dep Gov

02.02.2026

The gubernatorial candidate of the People’s Democratic Party (PDP) in the 2023 gubernatorial election in Nasarawa State, Dr David Ombugadu, has declared that he has not consented to serve as a deputy governor to any individual. This is as he maintained that he remained focused, resolute and ready to serve his people in the capacity of...

Rising Home Births Threaten Mothers, Babies In Bauchi — UNICEF

02.02.2026

Concern is mounting over the high rate of home deliveries in Bauchi State, as new data reveal that the majority of pregnant women continue to give birth outside health facilities, putting both mothers and babies at risk. Figures released by the United Nations Children’s Fund (UNICEF) show that only three out of 10 women deliver...

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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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Ikere Gorge Dam Concession to Create 10,000 Jobs

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Petrol Price May Hit N1,000/Litre Amid Crude Oil Surge

NASSLAF Denounces APC Legislative Aides Operating At NASS

Edo Police Arrest Eight Suspected Kidnappers, Rescue Two Victims

Coastal Road: Nigerians In Diaspora Urge Umahi To Pay Compensation Over Demolition

Nasarawa: I Won’t Accept A ‘Spare Tyre’ Role As Dep Gov

Rising Home Births Threaten Mothers, Babies In Bauchi — UNICEF

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