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IEI share price jumps 700% amid recapitalisation drive

20.04.2026
International Energy Insurance Plc has recorded a 700 per cent surge in its share price since 2023, as investors position ahead of the ongoing recapitalisation in the insurance industry. The development was disclosed in a press statement issued by the company on Sunday following its Capital Markets Day held in Lagos, where it outlined its...
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Rice Imports Cripple Nigeria’s Local Farmers & Production

20.04.2026
Some local farmers have decried the increased importation of rice, a situation they claim is crippling Nigeria’s local production. The farmers disclosed this in separate interviews with the News Agency of Nigeria on Sunday in Lagos. NAN reports that local rice production has declined since the Federal Government’s import duty waiver on rice and other...
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Soaring Cattle Prices in Nigeria Hit Record Highs

20.04.2026
The Lagos State Butchers Association has decried the persistent rise in the price of cows in the state, now as high as N2.5 million, up from about N1.7 million in 2025. The association’s Patron, Alhaji Bamidele Kazeem, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. Kazeem attributed...
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NEPCo & Partners Donate Geosciences Centre to UNILAG

20.04.2026
Shell Nigeria Exploration and Production Company Limited, with its joint venture partners and the Nigerian Content Development and Monitoring Board, on Friday commissioned a world-class geosciences centre at the University of Lagos. The facility was approved by NCDMB and executed by SNEPCo and its JV partners as part of the Nigerian Content Human Capacity Development...
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Tinubu Committed to Stable Electricity in Nigeria

20.04.2026
In this interview with Dare Olawin, the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, discusses the agency’s and the Federal Government’s commitment to expanding electricity access across Nigeria, with a focus on unserved and underserved communities. Excerpts: What steps is your agency taking to support universal electrification in Nigeria? We have...
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Nigeria remains stable despite global crisis, FG insists

20.04.2026
The Federal Government has insisted that Nigeria is now in a stronger position to absorb global economic shocks arising from the Middle East crisis and other external developments. The Minister of Finance/Coordinating Minister for the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria, Yemi Cardoso, reaffirmed this stance during a Friday...
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Petrol consumption in Nigeria hits 4.93bn litres in Q1

20.04.2026
Nigerians consumed about 4.93 billion litres of Premium Motor Spirit (petrol) to fuel various economic activities in the first quarter of 2026, an analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s downstream fact sheet monthly data revealed on Friday. It revealed that this amount represents a 7.4 per cent increase from the 4.59...
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Govt Urges Airlines to Halt Shutdown Over Fuel Crisis

19.04.2026
The Federal Government has appealed to domestic airlines to suspend plans to halt flight operations and reconsider any increase in airfares following the sharp rise in the price of Jet A1 fuel. The Minister of Aviation and Aerospace Development, Festus Keyamo, made the appeal in a letter addressed to the Airline Operators of Nigeria on...
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Nigeria earns $70bn from ExxonMobil’s Erha operations

19.04.2026
ExxonMobil’s Erha Deepwater project has generated over $70bn in value, including about $23bn remitted to the Federal Government, from more than 800 million barrels of crude oil produced over the past 20 years. This was disclosed by the Chairman/Managing Director of ExxonMobil Affiliates in Nigeria, Jagir Baxi, when he led a delegation to pay a...
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Africa faces economic risks from global tensions

19.04.2026
Africa’s economic growth could be reduced by up to 0.2 percentage points in 2026 due to the ongoing conflict in the Middle East, driven by higher energy costs, trade disruptions, and tighter financial conditions, Afreximbank has said. The warning was contained in a statement obtained on Friday, in which the bank said African economies remain...
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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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