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Nigerian Firms Secure $2.5B in World Bank Deals, Rank 5th

28.01.2026
The World Bank has revealed that Nigerian companies have emerged as one of the biggest beneficiaries of development procurement globally, ranking fifth worldwide in contracts awarded to local contractors. This was disclosed on Tuesday at the World Bank Group Business Opportunities Seminar held in Lagos. Speaking at the event, the Vice President, Operations Policy and...
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IATA Warns Airlines of Rising Legal & Regulatory Pressures

28.01.2026
The International Air Transport Association has raised concerns over mounting legal and regulatory risks confronting airlines globally, as it announced plans to hold the 2026 World Legal Symposium in Warsaw, Poland. The symposium, scheduled for 17 to 19 February and to be hosted by LOT Polish Airlines, will focus on “Liability in a Changing World’’,...
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Workers Cite Marginal Pay Rise

28.01.2026
Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with many stating that the increases are marginal and insufficient to meaningfully alleviate economic pressures. According to The PUNCH, the new tax reform laws introduce several adjustments to the PIT...
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Nigeria, UAE Sign Trade Deal to Waive Product Tariffs

28.01.2026
The Federal Government signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates to remove tariffs on some products. A member of the Governing Board of the North East Development Commission, Rep. Sam Onuigboin, in an interview with the News Agency of Nigeria in Abuja on Tuesday, said that the game changer in Abu...
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FG’s N501bn power sector bond records full subscription

28.01.2026
The Federal Government has announced that its N501 billion inaugural tranche under the Presidential Power Sector Debt Reduction Programme has recorded 100 per cent subscription from investors. The development was disclosed in a statement issued on Tuesday by the Special Adviser to the President on Energy, Olu Verheijen. According to the statement, the bond issuance,...
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Partial Grid Collapse Hits Nigeria After Substation Fault

28.01.2026
The national electricity grid experienced a voltage disturbance originating from the Gombe Transmission Substation on Tuesday morning, the Nigerian Independent System Operator has confirmed, clarifying that the event affected only part of the grid and did not result in a total collapse, contrary to some media reports. In a statement titled “Update on Partial System...
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Customs, NDLEA seize 347.5kg cannabis at Apapa port

28.01.2026
The Nigeria Customs Service, Apapa Area Command, and the National Drug Law Enforcement Agency have intercepted 347.5 kilograms of Canadian Loud, a potent strain of cannabis, hidden inside an imported Toyota Sienna. The command announced this in a statement on Tuesday by its Public Relations Officer, Isah Sulaiman, a Chief Superintendent of Customs, obtained by...
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How Inflation Slashed Household Spending in Nigeria

28.01.2026
Household consumption in Nigeria dropped by N21.33tn despite an increase in naira spending between 2021 and 2024. Against this backdrop, stakeholders are urging measures to control inflation and strengthen the naira to enhance living standards, writes ARINZE NWAFOR Nigeria faces a spending crisis, with real consumption spending plunging by N21.33tn between 2021 and 2024. Most...
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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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