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FAAC Shares N2.04tn for March as Revenue Rises by N150bn

23.04.2026
The Federation Account Allocation Committee shared a total of N2.04 trillion as revenue for March 2026, reflecting a N150 billion increase from the N1.89 trillion distributed for February, amid stronger statutory inflows. The disclosure was contained in a statement issued on Wednesday by the Office of the Accountant General of the Federation and signed by...
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Credit Direct & vivo unveil new smartphone financing plan

23.04.2026
Credit Direct and vivo Nigeria have signed a Memorandum of Understanding aimed at expanding smartphone access and easing device affordability across the country. The agreement, according to a statement made available to Punch Online on Wednesday, was signed at Credit Direct’s headquarters in Lagos on Friday, April 17, 2026. Under the arrangement, “customers can acquire...
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Nigeria to add 288MW with 40 new interconnected mini-grids

23.04.2026
The Managing Director and Chief Executive Officer of the Rural Electrification Agency has said that about 40 interconnected mini-grids are being developed to inject 288 megawatts of additional capacity into the national grid, following recent regulatory reforms in the renewable energy space. Speaking with journalists on the sidelines of the 2026 Energy Times Awards, where...
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Nigeria Handles Just 25% of West Africa’s Cargo Traffic

23.04.2026
The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has stated that despite Nigeria’s vast advantages in the region, including strategic location, market size, and economic strength, among others, the country currently handles only about 25 per cent of cargo traffic in the region, even though it accounts for over 60 per cent...
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Dangote Inducted by Nigerian Academy of Engineering

23.04.2026
Africa’s foremost industrialist, Aliko Dangote, will on April 25, 2026, be inducted as an Honorary Fellow of the Nigerian Academy of Engineering, in recognition of his contributions to engineering-driven industrial development. A statement from the NAE on Wednesday stated that the induction, scheduled as a high-profile event, is being organised by the President and Council...
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Nigeria Woos UK Investors, Hosts Key Trade Mission

23.04.2026
The Nigerian Investment Promotion Commission has said Nigeria is positioning itself as a reform-driven and competitive destination for global capital, as it hosted a United Kingdom trade and investment delegation in Abuja. The position was contained in a statement issued on Wednesday following the UK–Nigeria Trade and Investment Mission held from April 20 to 21,...
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Standard Chartered Named Top M&A Financial Adviser in Africa

23.04.2026
Standard Chartered has been ranked as the number one Mergers and Acquisitions financial adviser by deal value in West Africa, underscoring its strong execution capabilities and growing influence in the region’s dealmaking landscape. The ranking was announced at the DealMakers Africa Annual Gala Awards held in Lagos, where the bank emerged ahead of other leading...
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Mangal Industries secures triple ISO certifications

23.04.2026
Mangal Industries Limited, a player in the cement production industry, has announced the successful attainment of three internationally recognised ISO certifications, further strengthening its commitment to operational excellence, environmental responsibility, and workplace safety. The company said in a statement that it has been certified for ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System),...
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UACN lists N54.03bn bond on the Nigerian Exchange (NGX)

23.04.2026
UAC of Nigeria Plc has listed its N54.03bn Series 1 bond on Nigerian Exchange Limited, underscoring the Exchange’s growing profile as a multi-asset platform and providing the company with access to long-term capital. The seven-year senior unsecured instrument, admitted to trading on 17 April 2026, carries a fixed coupon of 17.35 per cent and was...
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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
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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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