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NAICOM & NCGC Partner to Boost MSME Finance in Nigeria

The National Insurance Commission has partnered with the National Credit Guarantee Company on ways to expand access to finance for Micro, Small and Medium Enterprises, local manufacturers, and consumer credit customers. This was disclosed by the regulator in a statement made available to The PUNCH, which indicated that the partnership was agreed on during a...
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Rail Freight in Nigeria Moves 62,840 Tonnes in Q4 2025

Sixty-six freight services were operated across both Standard Gauge and Narrow Gauge lines, transporting a total of 62,840 metric tonnes of cargo by rail in the fourth quarter of 2025, The PUNCH reports. A recent report released by the Nigerian Railway Corporation, sighted by our correspondent, explained that of the total freight services recorded during...
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Abia partners with AfDB for $200m agro-industrial zone

The Abia State Government has concluded plans to partner with the African Development Bank on a $200 million agro-industrial project under Tranche 2 of the Special Agro-Industrial Processing Zones programme. Governor Alex Otti on Monday assured the bank of the state’s readiness to co-finance critical infrastructure and meet all conditions required for inclusion in the...
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File FCT Tax Returns By March 31, FCT-IRS Tells Residents

The Federal Capital Territory Internal Revenue Service has called on all taxable residents to file their personal income tax returns before March 31, 2026. The directive covers individuals in employment, elected and appointed public office holders, self-employed persons, and business owners. In a press release issued by the Head, Corporate Communications, FCT-IRS, Mustapha Sumaila, on...
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Will Fuel Hit N1,000/Litre in Nigeria?

The price of Premium Motor Spirit (petrol) at retail pump stations may soon rise to between N980 and over N1,000 per litre, depending on location nationwide, following a fresh increase in the gantry price by the Dangote Petroleum Refinery, The PUNCH has learnt. The development comes as the President of the Dangote Group, Aliko Dangote,...
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NGX gains N1.7tn on banking, oil & gas rally

Trading on the Nigerian Exchange closed on a strong note on Monday, with key sectoral indices posting gains, led by banking, oil and gas, and consumer goods stocks. Data from the Nigerian Exchange Limited indicated that the All-Share Index rose to 195,514.23 points from 192,826.78 recorded on Friday, and market capitalisation climbed to N125.49tn, up...
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NGX Group Appoints Olaniyan as Chief Strategy Officer

Nigerian Exchange Group Plc has announced the appointment of Ms Jumoke Olaniyan as Group Chief Strategy Officer as part of efforts to strengthen its executive leadership. The Group, in a statement on Monday, said that the appointment would support its next phase of strategic growth, digital transformation, product innovation and market development. In her new...
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FG Begins Direct Remittance of Oil Revenues to FAAC

The Federal Government has commenced the implementation of Executive Order 9 of 2026, which mandates the direct remittance of oil revenues to the Federation Account Allocation Committee. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued on Monday, detailing key resolutions reached at the meeting. This...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...