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Intrigues on replacement as Kyari clocks 60 – Punch Newspapers

09.01.2025
As the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari celebrates his 60th birthday today (Wednesday), the concern surrounding the expiration and possible elongation of his tenure has sparked attention, with legal professionals demanding adherence to the rule of law. This was as sources claimed on Tuesday that the GCEO,...
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FX reserves hit $40.8bn one month after Eurobond

09.01.2025
Nigeria’s foreign exchange reserves surged by $591.78m in the month following the government’s $2.2bn Eurobond auction on December 2, 2024. Data from the Central Bank of Nigeria shows that reserves increased from $40.29bn on December 2 to $40.88bn on January 3, 2025. This represents a month-on-month growth of 1.47 per cent and highlights the positive...
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Seplat plans 120,000bpd crude oil production

09.01.2025
Oil and gas giant, Seplat, has said it aims to double its crude oil production capacity within six months after moving in to fill the gap following ExxonMobil’s retreat from Nigeria’s onshore oil sector. Seplat’s Chief Financial Officer, Eleanor Adaralegbe, revealed this projection in an interview with the Financial Times on Tuesday. He said the...
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Forex allocations for fuel imports rise to $1.25bn

09.01.2025
The Central Bank of Nigeria says it released a total sum of $1.25 billion to oil sector operators for the importation of petroleum products and other related items into the country between January and September 2024. This is despite the removal of fuel subsidies and the implementation of reforms in the oil sector to boost...
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W’Bank seeks private capital to electrify Nigeria, others

09.01.2025
The World Bank has urged private sector investors to play a pivotal role in achieving its ambitious “Mission 300” initiative, which aims to connect 300 million people in Sub-Saharan Africa including Nigeria to electricity by 2030. The initiative is a collaborative effort with the African Development Bank to address the region’s significant energy access gap,...
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Coupon offered beyond market offers, says NACCIMA

09.01.2025
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has said that the nature of the oversubscription of the $2bn Eurobond confirms the coupon offered was beyond market offers. The President of NACCIMA, Mr. Dele Oye, disclosed this in a report tagged, ‘Options for Economic Reform and Consequences for The Medium-Term Expenditure Framework...
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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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