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FG Projects Lower N60.97tn Nigeria Oil Revenue for 2026

22.12.2025
The Federal Government is projecting about N60.97tn in oil revenue for the 2026 fiscal year, lower than the earnings anticipated in the 2025 budget, reflecting more conservative assumptions on crude oil prices and production. The projection is based on an analysis and the calculation of data contained in the 2026 Appropriation Bill presented to a...
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Turkish Airlines Opens First European Lounge in Edinburgh

22.12.2025
Turkish Airlines has officially opened its first-ever European lounge outside its İstanbul hub at Edinburgh Airport, bringing a new dimension of its world-renowned hospitality to travellers in Scotland and further strengthening Edinburgh’s status as an international gateway. According to a statement made available to The PUNCH on Sunday, the lounge was unveiled at a celebratory...
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NAICOM Recommits to Takaful Insurance Development in Nigeria

22.12.2025
The National Insurance Commission has reiterated its commitment to the development of the Takaful insurance industry in Nigeria. In a statement on Friday, NAICOM said this commitment was made during a courtesy visit from the Takaful Advisory Council. During the visit, both sides discussed issues relating to the growth and development of the Takaful insurance...
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High Fares & Kidnap Fears

22.12.2025
Despite security concerns, including fears of kidnapping along major highways, Nigerians travelling for the Yuletide, particularly to the South-East, are snapping up road transport tickets at sharply increased prices, findings by Sunday PUNCH have shown. Checks over the past few days revealed a rush for seats at major transport companies, even as fares climbed far...
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Nigeria gas supply rises to 4.68bscf on higher plant use

22.12.2025
Nigeria’s average daily gas supply climbed to 4.684 billion standard cubic feet per day in November 2025, reflecting a stronger performance compared with October, according to fresh operational data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The supply rose from the 3.94bscf/d average processing level recorded in October. A review of the...
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NAFDAC Issues Public Safety Alert

22.12.2025
Anxiety is mounting across the country following a public alert by the National Agency for Food and Drug Administration and Control over the recall of Indomie Noodles, Vegetable Flavour, due to the presence of undeclared allergens. NAFDAC warned that the affected product contains milk and eggs, allergens that could trigger severe and potentially life-threatening reactions...
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Heirs Energy Secures $750M to Boost Nigerian Oil Output

22.12.2025
Nigeria’s indigenous energy firm, Heirs Energy, has secured a $750m financing facility from the African Export-Import Bank to scale up its oil and gas operations. The deal is expected to lift crude oil production to about 100,000 barrels per day and gas output to roughly 250 million cubic metres. The facility was signed on Saturday...
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Yuletide Fare Hikes: FCCPC Warns Against Exploitation

22.12.2025
The Federal Competition and Consumer Protection Commission has clarified that increases in transport fares during the yuletide period are not unlawful in themselves, warning, however, that exploitative or unfair practices by road transport operators will attract regulatory sanctions. The clarification was made in a statement issued on Sunday by the commission’s Director of Corporate Affairs,...
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Petrol Station Workers Demand Health Insurance from IPMAN

22.12.2025
The Independent Petroleum Marketers Association of Nigeria has been urged to extend health insurance coverage to petrol station workers, including pump attendants, cleaners, security personnel, managers, and other staff working in the downstream petroleum sector. The call followed the recent launch of a health insurance scheme by the Nigerian National Petroleum Company Limited for workers...
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Nigeria’s ICT Sector Generates N9.44tn in Broadband Push

22.12.2025
The Information and Communication Technology sector contributed N9.44tn to the economy in the third quarter of 2025, indicating heightened conversation around broadband expansion. This came as stakeholders called for improved subsea capacity with inland distribution, elimination of wasteful infrastructure duplication, and a commitment to local manufacturing. According to the National Bureau of Statistics’ Gross Domestic...
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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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