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Air Peace Counts Losses From Bird Strikes & Ground Damage

29.12.2025
Nigeria’s largest airline, Air Peace, has disclosed that repairs on one of its aircraft damaged during ground handling by the Nigerian Aviation Handling Company will cost the airline more than $1m, compounding a series of operational challenges confronting local carriers. The airline’s Chairman and Chief Executive Officer, Allen Onyema, made this known during an interview...
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Nigeria’s Capital Gains Tax Tests Investor Confidence

29.12.2025
Nigeria’s move to bring back capital gains tax on equity investments has gone beyond a routine fiscal discussion, revealing underlying weaknesses in the country’s capital market. As investors reassess risk, foreign participation wanes, and liquidity providers pull back, the policy prompts deeper questions about Nigeria’s capacity to align revenue generation with sustainable, long-term market growth,...
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Nigeria’s FX reserves add $4.39bn in one year

29.12.2025
Nigeria’s external reserves grew by $4.39bn between December 23, 2024, and December 23, 2025, according to data sourced from the Central Bank of Nigeria. The PUNCH’s analysis of the data indicated that the reserves increased by approximately 10.75 per cent within the period under review. As of Tuesday, December 23, the FX reserves stood at...
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Nigeria urged to tap into the $3.4tn AfCFTA market

29.12.2025
The Chairman of the NEPAD Business Group Nigeria, Bashorun JK Randle, has called on the President Bola Tinubu–led administration to reposition Nigeria’s private sector to take advantage of the $3.4tn African Continental Free Trade Area market. Randle, in a statement, pointed out the need to stabilise the economy and drive sustainable growth through stronger private...
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FG reshuffles NCAA directors amid corruption allegations

29.12.2025
The Minister of Aviation and Aerospace Development, Festus Keyamo, has reshuffled critical directors in the Nigeria Civil Aviation Authority, following rumours of serious corrupt practices by key officers of the aviation regulatory agency. The reshuffle of the senior officers may not be unconnected with allegations of inefficiency and compromised oversight in the agency’s Directorate of...
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Ecobank Assures Customers of Digital Service During Yuletide

29.12.2025
Ecobank Nigeria has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. In a statement on Friday, the bank also urged customers to remain vigilant against fraud and scams during the festive season. Speaking on the development, the Head, Products & Analytics, Consumer &...
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States, LGs repay N547.5bn bank debt amid FAAC surge

29.12.2025
States and Local Government councils reduced their bank borrowings by about N547.52bn in one year, as Federation Account inflows surge, according to findings by Saturday PUNCH. Figures from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin reveal that the banking sector’s “claims on state and Local Governments” fell from N2.68tn in June 2024 to...
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Port Harcourt Refinery Supplies Diesel Despite Shutdown

29.12.2025
The Port Harcourt Refining Company, which is currently shut down, is still supplying 349,000 litres of automotive gas oil, otherwise known as diesel, daily, the Nigerian Midstream and Downstream Petroleum Regulatory Authority disclosed this in the latest data posted on its website. According to the NMDPRA, the refinery, which the Nigerian National Petroleum Company Limited...
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Port Harcourt Refinery Supplies Diesel Despite Shutdown

29.12.2025
The Port Harcourt Refining Company, which is currently shut down, is still supplying 349,000 litres of automotive gas oil, otherwise known as diesel, daily, the Nigerian Midstream and Downstream Petroleum Regulatory Authority disclosed this in the latest data posted on its website. According to the NMDPRA, the refinery, which the Nigerian National Petroleum Company Limited...
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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...

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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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