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Diri’s Ally Dumps PDP, Joins NDC

Senior Doubara Kuomokuo, an ally of Bayelsa State Governor Duoye Diri, has decamped to the Nigerian Democratic Congress (NDC) from the Peoples Democratic Party (PDP). Kuomokuo, who was very close to the governor before they reportedly fell apart defected to NDC at the weekend in an elaborate ceremony. He disclosed that he decided to join...
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Fuel Marketers’ Earnings Crash 60% in Nigeria’s Downturn

Publicly quoted fuel marketing companies recorded a sharp decline in profitability in 2025, with earnings indicators falling by between 60 and 70 per cent, highlighting the growing challenges in Nigeria’s rapidly transforming downstream petroleum sector. This was disclosed in the Nigeria Energy Downstream Industry Report 2025, which noted that the sector, despite undergoing a historic...
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DYQUE Energy unveils solar dealership scheme for projects

DYQUE Energy has launched what it described as Nigeria’s first integrated mega dealership programme—a new partnership framework aimed at unlocking billion-naira solar and hybrid energy projects across the country. According to a statement on Monday, the initiative was unveiled at the DYQUE Energy Business Summit 2026 in Lagos, bringing together mega dealers, engineering, procurement, and...
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SFS Real Estate Posts N4.1bn Profit in a 762% Surge

One of the country’s listed real estate investment trusts, SFS Real Estate Investment Trust, reported a striking 762 per cent increase in profit to approximately N4.1bn for the 2025 financial year, a performance that is rapidly reframing how investors view property as an asset class. In a press release on Tuesday, the scheme stated that...
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Orile-Agege boosts waste collection with N12m loan to PSPs

In a bid to strengthen waste collection in Orile-Agege, the Orile-Agege Local Council Development Area of Lagos State has disbursed a total of N2m each to six private sector participants, totalling N12m. The Executive Chairman of Orile-Agege LCDA, Idowu Abiodun, disclosed this on Thursday during a collaborative meeting on waste management and environmental sustainability between...
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FG Hikes 2026 Borrowing Plan by N11tn: Experts Warn

The Federal Government has increased its borrowing plan for 2026 to N29.20tn following an expansion in the proposed budget size, according to official documents obtained by The PUNCH on Sunday. The figure represents an increase of N11.31tn when compared with the earlier N17.89tn borrowing projection contained in the 2026 Abridged Budget Call Circular issued by...
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How BVN Uncovered 45,000 Ghost Workers in Nigeria

Former Minister of Finance, Kemi Adeosun, has detailed how the Federal Government leveraged technology to eliminate massive payroll fraud, revealing that the integration of the Bank Verification Number led to the discovery of 45,000 ‘ghost workers.’ Speaking at the Citadel School of Government  Dialogue series in Lagos, Adeosun explained that before the intervention, the federal...
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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...