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FG Bans Cash Payments in MDAs, Mandates PoS & e-Payments

10.12.2025
The Federal Government has outlawed the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies to install Point of Sale terminals within 45 days. The directive formed part of four Treasury circulars issued by the Office of the Accountant-General of the Federation and obtained by The PUNCH on Monday....
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Nigeria Power Grid Gets 450MW Boost After Fleet Revamp

10.12.2025
The Federal Government, through the Niger Delta Power Holding Company, has restored 450 megawatts of generation capacity to the national grid following the completion of scheduled maintenance works on the Geregu National Integrated Power Project plant in Kogi State. The four-week extended minor inspection, conducted by Siemens Energy, was executed to improve the facility’s reliability...
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Shipping Lines and Agents Clash Over Empty Containers Return

09.12.2025
There seems to be a growing controversy between shipping lines under the Shipping Association of Nigeria and licensed customs agents operating in the nation’s maritime industry over the return of empty containers by shipping companies. While the agents accused shipping companies of deliberately abandoning the empty containers upon arrival here in Nigeria, SAN has said...
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SROL wins awards for impactful community initiatives

09.12.2025
With a string of high-profile awards, Segilola Resources Operating Limited has reinforced its reputation as a mining company driving meaningful community impact and setting new standards in corporate responsibility. In a statement, it was stated that Segilola Resources Operating Limited ended November on an impressive note, earning industry-wide recognition for both its community impact and...
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SO&U Highlights FATE Foundation’s Entrepreneurial Impact

09.12.2025
SO&U, one of Nigeria’s marketing communications groups, has congratulated FATE Foundation on the occasion of its 25th anniversary, celebrating the organization’s outstanding impact in empowering entrepreneurs and strengthening the nation’s MSME ecosystem since 2000. As a major partner of FATE Foundation, SO&U stated in a statement that it has consistently supported the organisation’s mission to...
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Reps order NNPC Ltd appearance over irregular payments probe

09.12.2025
The Public Accounts Committee of the House of Representatives on Monday directed the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to tender relevant documents and appear before it on Monday, December 15, 2025, over audit queries raised by the Office of the Auditor-General of the Federation between January and...
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MDAs’ Unpaid Electricity Bills Exceed N100bn, DisCos Warn

09.12.2025
Electricity distribution companies have decried the failure of Federal Government ministries, departments, and agencies to pay for the power they consume. The DisCos lamented that they were being owed hundreds of billions of naira by various MDAs across the country, with no payment plans in sight. It was gathered that the Eko Electricity Distribution Company...
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NUPRC Denies Withholding Exploration Funds from NNPC

09.12.2025
The Nigerian Upstream Petroleum Regulatory Commission has disclosed that over $185m (about N268.4bn) and N14.9bn have so far been released to the Nigerian National Petroleum Company Limited from the Frontier Exploration Fund. The commission’s Head of Media and Strategic Communication, Eniola Akinkuotu, made the revelation in a statement issued on Monday, addressing recent reports that...
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TAJBank Partners with NAHCON on Hajj Savings Scheme

09.12.2025
TAJBank Limited has signed a Memorandum of Understanding with the National Hajj Commission of Nigeria on the Hajj Savings Scheme to support aspiring pilgrims nationwide. The parley takes place at a time when airfares are surging and potential pilgrims are finding it challenging to cope with the rising costs of pilgrimage. In a statement on...
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CBN licenses 82 BDCs under new guidelines for 2025

09.12.2025
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change have been licensed to operate, having met its new guidelines. This was disclosed in a statement signed by the Acting Director, Corporate Communications, CBN, Hakama Ali, on Monday. The PUNCH reports that the CBN introduced a new regulatory framework for BDCs in...
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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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