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NNPC Slashes Petrol Price to N900 After Recent Hike

07.08.2025
Barely 48 hours after increasing its pump price, the Nigerian National Petroleum Company Limited has slashed the cost of Premium Motor Spirit (petrol) at its retail stations to N900 per litre, down from N955 per litre. Findings by The PUNCH on Wednesday revealed that NNPCL outlets at the Kubwa expressway and other locations in Abuja...
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PAPSS: Africa’s Answer to Global Tariff Wars

07.08.2025
The Group Managing Director/Chief Executive Officer of United Bank for Africa, Mr Oliver Alawuba, says the Pan-African Payment and Settlement System was Africa’s response to the current global tariff war. Alawuba said this on Wednesday at the launch of the Nigeria-Ghana corridor of the partnership between PAPSS and UBA, which enables UBA’s artificial intelligence chatbot,...
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APM Terminals Partners With NCS Fo

07.08.2025
APM Terminals Apapa has partnered with the Nigeria Customs Service to accelerate the deployment of the B’Odogwu unified customs management platform at the Lagos Port Complex, Apapa. In a statement on Tuesday, the terminal operator noted that the move was part of a strategic effort to enhance trade facilitation and optimise cargo clearance processes at...
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Nigeria Customs Promotes AEO Program for Faster Trade

07.08.2025
The Nigeria Customs Service has sensitised maritime stakeholders on the procedures and benefits of migrating to the Authorised Economic Operator Programme from the Fast Track ahead of the December 2025 deadline. Speaking during the sensitisation exercise in Ikeja on Wednesday, the Comptroller-General of Customs, Adewale Adeniyi, explained that the AEO is a paradigm shift from...
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Nigeria Risks N130bn Loss as Logistics Hub Declines

07.08.2025
A maritime research group under the auspices of the Sea Empowerment Research Centre, has stated that Nigeria could lose an estimated N130 bn annually in customs duties, value-added taxes on imports, and other taxes due to reduced port activity caused by losing its logistics hub status. SEREC, in a statement over the weekend signed by...
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Egbin Power Transformer Fire Disrupts Lagos Power Supply

07.08.2025
The Transmission Company of Nigeria said a fire incident at Egbin Power Plc at about 6:30am on Tuesday affected its 150 Mega Volt Ampere (MVA) transformer at the Egbin Transmission Substation. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, on Wednesday disclosed this in a statement issued in Abuja. She explained that the fire originated...
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Nigeria’s New Insurance Reform Act 2025: A Game Changer

07.08.2025
The National Insurance Commission and other stakeholders in the insurance industry have hailed the new Nigerian Insurance Industry Reform Act 2025, stating that it will enhance the sector’s contributions to the country’s economy. NAICOM, in a statement following the announcement of the assent given to NIIRA 2025 by President Bola Tinubu, said the act would...
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Coronation Infrastructure Fund Lists on Nigerian Exchange (N

07.08.2025
Coronation Asset Management Ltd, a subsidiary of Coronation Group, is set to list the Coronation Infrastructure Fund on the Nigerian Exchange Limited. According to a statement from the firm on Wednesday, the move follows the Fund’s record-setting debut as Nigeria’s highest-ever Series I capital raise for a local infrastructure fund, with N8.79bn secured from institutional...
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Tinubu Orders Pension Increase, Free Healthcare for Retirees

07.08.2025
President Bola Tinubu has ordered the immediate implementation of overdue pension increases and the rollout of free healthcare access for low-income retirees under the Contributory Pension Scheme. The directive, which forms part of the administration’s broader social protection agenda, was issued after a briefing by the Director-General of the National Pension Commission, Ms Omolola Oloworaran,...
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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
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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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