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FG & AFC sign $1.3bn Nigeria mining investment deal

The African Finance Corporation and the Federal Government, through the Solid Minerals Development Fund, have signed an investment agreement to jointly finance three strategic projects, including a $1.3bn alumina refinery, a nationwide geoscience mapping exercise, and a special investment vehicle to unlock Nigeria’s minerals potential. The agreement, signed in Abuja, marks the climax of months...
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Govs Support Reforms In Oil Sector

The Nigerian Governors have declared support for reforms in the oil and gas sector, which require the remittance of revenue directly into the Federation Account. The governors, in a statement issued by the Director, Media & Strategic Communications of the Nigeria Governors’ Forum (NGF), Yunusa Tanko Abdullahi, described the reforms as critical to strengthening fiscal...
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Why Toyota imports dominate the Nigerian auto market

Low duty payments on imported smaller Toyota-branded vehicles, durability, and low maintenance costs have pushed up the brand’s importation into the country compared with other car brands, The PUNCH reports. Findings by our correspondent revealed that although most vehicles from 2015 below still pay almost the same duty, Toyota brands appear cheaper when you consider...
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FG Cites Technical Hitches For February Salary Delay

…payment kicks off Monday The Federal Government attributed the delay in the payment of February salary to Treasury-funded workers to technical issues, which had been resolved. To this end, payment commenced on Monday, the Office of the Accountant-General of the Federation (OAGF) said in a statement issued by the Director of press Mallam Bawa Mokwa....
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OAU Unveils Integrated CNG Refuelling Hub for Clean Energy

The Midstream and Downstream Gas Infrastructure Fund has commissioned an integrated Compressed Natural Gas refuelling facility at Obafemi Awolowo University, in what stakeholders described as a strategic step to embed Nigeria’s gas transition agenda within federal universities. The project, unveiled in Ile-Ife, Osun State, is part of a broader initiative to deploy CNG infrastructure across...
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LAWMA to Verify PSP Payment Receipts in Apapa-Iganmu

The Lagos Waste Management Authority has announced plans to commence a targeted compliance operation tagged “Show your PSP payment receipt” within the Apapa-Iganmu communities. The Managing Director and Chief Executive Officer of LAWMA, Dr Muyiwa Gbadegesin, announced this while speaking during a monitoring exercise in the Lagos-Badagry transit corridor recently. Gbadegesin added that the initiative...
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BREAKING Court Stops APC Congress In Ondo

The Federal High Court sitting in Akure, the Ondo State capital, has stopped the state congress of the All Progressives Congress (APC) fixed for Tuesday. The presiding judge, Justice Toyin Bolaji Adegoke, in an ex parte order, restrained the Independent National Electoral Commission (INEC) and the APC from going ahead with the planned congress. The...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...