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NDIC Pays N54.6bn to Heritage Bank Depositors

08.08.2025
The Nigeria Deposit Insurance Corporation has disclosed the payment of N54.62bn to 691,418 depositors of the defunct Heritage Bank and the declaration of a liquidation dividend of 9.2 kobo per naira to uninsured depositors. This was disclosed by the new NDIC Managing Director/Chief Executive, Mr Thompson Sunday, during a courtesy visit to the Central Bank...
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FG Boosts Local Energy Supply Chain to Counter Global Disrup

08.08.2025
The Federal Government has said it is taking concrete steps to build a resilient local energy supply chain to cushion Nigeria against global disruptions that have increasingly threatened the stability of cross-border energy operations. Speaking at the 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, the Minister of...
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Nigeria’s Energy Future: Policymakers Pledge Support

08.08.2025
Nigeria’s vision for a sustainable energy future received a boost as the Federal Government and regulatory bodies assured industry players of their commitment to the cause, DARE OLAWIN reports The debate about building a sustainable energy future for Nigeria and Africa came to the forefront when the Federal Government, which is the policymaker, and regulatory...
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NNPC Keeping Port Harcourt Refinery Sparks Controversy

08.08.2025
The National Publicity Secretary of the Petroleum Products and Retail Owners Association of Nigeria, Joseph Obele, has disagreed with the decision of the Nigerian National Petroleum Company Limited ruling out the sale of the Port Harcourt refinery. In his personal view as a community stakeholder in Port Harcourt, Obele said he “strongly disagreed with the...
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KWAM 1 Placed on No-Fly List After Airline Incident

08.08.2025
The Airline Operators of Nigeria have backed the decision of the Minister of Aviation and Aerospace Development, Festus Keyamo, after he directed the Nigerian Civil Aviation Authority to place renowned Fuji musician, King Wasiu Ayinde Marshal, popularly known as KWAM 1, on a no-fly list. The minister also warned that any airline that fails to...
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Nigeria Spends N88bn on Power Tower Vandalism Repairs

08.08.2025
The Transmission Company of Nigeria has disclosed that a sum of N88bn was spent by the Federal Government on the repair and restoration of power transmission facilities vandalised across the country from 2021 to date. The TCN Principal Manager (Lines), Lagos Region, Seyi Onabajo, disclosed this at a one-day sensitisation programme held at the Odogunyan...
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Governors’ Travel Spending Hits N80bn in 6 Months, Raising C

08.08.2025
Fresh findings have revealed that 29 state governors spent N79.97bn on domestic and international travel expenses between January and June 2025. This made the financial prudence and spending discipline of state governors come under intense public scrutiny, sparking renewed outrage and concern over what many describe as a growing culture of fiscal irresponsibility amid mounting...
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Nigeria Flights Face Disruption Monda

08.08.2025
Palpable tension is building up in Nigeria’s aviation sector as unions issued a notice of service withdrawal to the Federal Government, effective from Monday, August 11, 2025. This was contained in a statement signed by the General Secretaries of the Air Transport Services Senior Staff Association of Nigeria, National Union of Air Transport Employees, Association...
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New Stablecoin Tackles Currency Volatility in Em

08.08.2025
Blockfinex, an international cryptocurrency exchange founded by Nigerian tech entrepreneur Danny Oyekan, has unveiled its cryptocurrency, DollarCoin. The new digital currency is designed to provide a stable and accessible financial tool for individuals and businesses in emerging markets struggling with inflation, currency devaluation, and limited access to global financial systems. According to Blockfinex, DollarCoin aims...
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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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