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Elegbeleye Congratulates Uzodimma On Daily Telegraph Award

05.02.2026
A renowned politician and sports administrator, Otunba Gbenga Elegbeleye, has congratulated the Imo State Governor, Senator Hope Odidika Uzodimma, on his selection as Governor of the Year (Digital Economy and Skills Acquisition) by the Daily Telegraph Publishing Company Limited. The award will be conferred on Governor Uzodimma, who also serves as Chairman of the Progressive...
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Vsolaris generates 64 MW from solar power grids in Nigeria

05.02.2026
Renewable energy service company Vsolaris has underscored its role in Nigeria’s decentralised power development, saying the company has a planned total generation capacity of 64 megawatts of electricity. The Group Chief Executive Officer of Vsolaris, Chantelle Abdul, stated this during a recent visit by the Managing Director of the Rural Electrification Agency, Abba Aliyu, to...
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Court nullifies revocation of Dawes oil licence

05.02.2026
The Federal High Court in Lagos has nullified the revocation of the Dawes Island Marginal Field licence held by Eurafric Energy Limited, ruling that the action by the Ministry of Petroleum Resources and the Minister of Petroleum Resources was unlawful, procedurally flawed and unjustified. Delivering judgement on Thursday, 29 January 2026, in suit no. FHC/L/CS/628/2021,...
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DisCos Lost N72.86bn to Unbilled Power in Nigeria

05.02.2026
Electricity distribution companies failed to bill customers for power worth N72.86bn in November 2025, according to commercial performance data released by the Nigerian Electricity Regulatory Commission. The unbilled amount represents the gap between the N342.29bn worth of energy received by the DisCos and the N269.43bn actually billed to customers within the month, translating to a...
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Understanding the main types of inflation in Nigeria

05.02.2026
Nigeria faces two primary forms of inflation: demand-pull and cost-push, which frequently occur simultaneously. Higher fuel and production costs contribute to rising prices, while spikes in consumer demand further push inflation upward. Grasping these dynamics enables Nigerians to make sense of economic trends, manage personal spending, plan business strategies, and call for effective government policies....
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PTML Customs Posts N44bn Revenue & Seizes Illegal Arms

05.02.2026
The Nigeria Customs Service, Port and Terminal Multiservices Limited Command, has said it generated N44.06 bn in January 2026, surpassing the N40.50 bn recorded in January 2025 by N3.56 bn, representing an 8.8 per cent increase. In a statement, the Customs Area Comptroller in charge of the Command, Joe Anani, disclosed this while handing over...
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Nigeria Power Subsidy Dispute: GenCos vs. Govt Policy

05.02.2026
The Federal Government’s plan to stop bearing electricity subsidy costs alone and instead spread the burden across the federal, state, and local governments from 2026 has opened a fresh fault line in Nigeria’s power sector, with generation companies rejecting the very existence of a subsidy, while distribution companies endorse the policy as fair and workable....
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Nigeria Approves Digitisation of Fish Import Licences

05.02.2026
Minister of Marine and Blue Economy, Adegboyega Oyetola, has sanctioned the move to digitise Nigeria’s fish import licences. In a statement on Tuesday, the minister stressed that the move is a landmark policy aimed at enhancing transparency, efficiency and regulatory oversight within the nation’s fisheries sector. Oyetola has, consequently, directed the Department of Fisheries and...
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FG Reaffirms Commitment to Nigerian Port Investments

05.02.2026
The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has reaffirmed the Federal Government’s commitment to promoting increased investor participation in port development while highlighting steps taken to boost the productivity levels of all the nation’s maritime gateways. Dantsoho stated this in a statement on Tuesday obtained by The PUNCH. At the recent...
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First HoldCo Earning Plummets 93% to N45bn for 2025

05.02.2026
First HoldCo has reported a full-year profit of N44.98bn for the 2025 financial year, representing a 93.4 per cent decline from the N677.01bn profit recorded in 2024, even as the financial services group slipped into a loss of N405.89bn in the fourth quarter. The group’s audited results for the year ended 31 December 2025 showed...
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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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