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Africa Data Centres executive exits after five years

03.03.2026
The Regional Executive for West Africa at Africa Data Centres, Dr Krishnan Ranganath, has departed the company after five years during which he oversaw a period of expansion and infrastructure growth across the region. His exit was confirmed in a LinkedIn post, where he said he was concluding more than half a decade of leadership...
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Dimension Data raises N20bn for digital infrastructure in Ni

03.03.2026
Dimension Data Nigeria has raised N20bn under a newly executed bond programme aimed at expanding critical digital infrastructure and strengthening enterprise connectivity across the country as demand for data, cloud services and artificial intelligence continues to rise. The company formally executed the N20bn bond programme under Dimension Data SPV Funding Plc following approval from the...
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AMNI targets 12,000bpd with Okoro field drilling campaign

03.03.2026
The arrival of a drilling rig at the Okoro Field has marked a significant operational milestone for AMNI International Petroleum Development Company, signalling the commencement of a new offshore campaign and underscoring the rising capacity and ambition of Nigeria’s indigenous oil and gas operators. The Okoro Field, one of AMNI’s core producing assets, is currently...
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AIG & Oxford Open Public Leaders Programme Applications

03.03.2026
The Aig-Imoukhuede Foundation has opened applications for the sixth cohort of its flagship AIG Public Leaders Programme, a leadership development initiative delivered in partnership with the University of Oxford. The foundation’s Executive Vice-Chair, Ofovwe Aig-Imoukhuede, disclosed this in a statement stating that the programme is designed to equip high-potential public sector leaders across Africa with...
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Mecure Industries Profit Surges 177% to N6.46bn in 2025

03.03.2026
Mecure Industries Plc delivered a sharp rebound in profitability for the year ended 31 December 2025, with profit after tax rising 177 per cent to N6.46 bn compared to N2.33 bn, according to its audited financial statements. Revenue for the pharmaceutical manufacturer grew to N77.69bn in 2025, up from N46.03bn in 2024, representing a 69...
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Power Oil Rewards Top Runners at Lagos Marathon 2026

03.03.2026
Power Oil, a leading cooking oil brand, has demonstrated its commitment to healthy living beyond the kitchen by creating an exclusive running community for the Access Bank Lagos City Marathon 2026. A statement from the firm on Saturday stated that the initiative, which culminated on February 14, saw hundreds of Power Oil community members participate...
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Nigeria’s Crude-Backed Loans Consume N8.36tn of Revenue

03.03.2026
About 14.66 per cent of Nigeria’s crude oil production in 2025 was likely committed to servicing crude-backed loan facilities, based on estimates derived from disclosures in the Nigerian National Petroleum Company Limited’s 2024 financial statements and official production data. An analysis by The PUNCH shows that four major crude-secured arrangements — Project Gazelle, Project Yield,...
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Customs advance ruling sees record growth in Nigeria

03.03.2026
The Nigeria Customs Service has announced that its Advance Ruling Account grew from 60 in December 2024 to 173 in December 2025, adding that the initiative accounted for 2.9 per cent of total revenue from goods valued at N240.8bn in 2025. The National Public Relations Officer of the service, Abdullahi Maiwada, a Deputy Controller of...
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Host communities demand share of 13% derivation fund

03.03.2026
The Host Communities Development Boards of Trustees have called on the Niger Delta state governments to remit a percentage of the 13 per cent derivation fund they receive from the Federal Government into the Host Community Development Trusts to accelerate development in oil-bearing areas. The National President of Host Communities of Nigeria Producing Oil and...
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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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