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VGC plants trees to combat climate change

22.11.2024
Residents of Victoria Garden City, Lagos, have planted 300 trees as part of efforts to promote environmental sustainability and combat the effects of climate change in commemoration of its 30th anniversary. In a statement, VGC, a residential and commercial estate along the Lekki-Epe Expressway in Eti-Osa Local Government Area, noted its estate boasts over 3,800...
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Ndukwe, others seek transparency in public sector

22.11.2024
A former Chief Executive Officer of the Nigerian Communications Commission, Ernest Ndukwe, alongside other governance experts, has emphasised the need for transparency and efficiency in Nigeria’s public sector. In a statement made available to our correspondent on Thursday, they made the call on Tuesday during the launch of the Centre for Public Sector Governance in...
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53.6% of households have access to electricity — NBS

22.11.2024
Just over half of Nigerian households, 53.6 per cent, have access to electricity, according to the General Household Survey Panel (Wave 5) launched by the National Bureau of Statistics in collaboration with the World Bank. The survey, which tracks living conditions across the country, reveals significant disparities in electricity access and reliability, with rural areas...
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Jiji wins retail award

22.11.2024
Online marketplace platform, Jiji, has won the Best Retail Organisation in Range Excellence award at the 2024 Africa Retail Awards, held recently in Lagos. In a statement, Jiji said the recognition it received by the Africa Retail Academy and Lagos Business School in partnership with Nairametrics and KPMG, underscores its commitment to delivering a vast...
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Equity market reverses gains with N142bn loss

22.11.2024
The Nigerian stock market reversed its previous gains as investors on the Exchange lost N142bn at the close of trading on Thursday. The NGX All-Share Index dropped by 177.38 points, representing a 0.18 per cent loss, to close at 98,050.12. Market Capitalisation also dipped 0.18 per cent to close at N59.43tn. Despite the daily loss,...
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Deploy proposed $2.2bn loan transparently, LCCI urges FG

22.11.2024
The Lagos Chamber of Commerce and Industry has called on the Federal Government to ensure transparency and accountability in the deployment of its proposed $2.2bn external loan. The LCCI made the appeal in a statement on Thursday as the Federal Government seeks the National Assembly’s approval for the borrowing plan, raising concerns within the business...
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FG gets $500m W’Bank power loan

22.11.2024
The Federal Government says it has received a $500m credit from the World Bank to boost the financial and technical capacities of electricity distribution companies. The Transmission Company of Nigeria said in a public notice on Thursday that the Federal Government received the credit through the Presidential Metering Initiative from the World Bank under the...
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Dangote resumes US crude purchase after three months

22.11.2024
The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report by Bloomberg on Wednesday said...
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Band A customers protest two-hour power supply

22.11.2024
Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally...
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NNPCL begins Utapate crude sale to global refiners

22.11.2024
The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts. A statement signed by the...
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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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