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Not Structural, Says Minister |

07.08.2025
The Minister of Works, David Umahi, has said that the crack on the Lagos-Calabar Coastal Highway is not a structural failure, stating that he has received over 500 messages from Nigerians about the crack that was noticed on the road. This was as he announced that the government needs a total sum of N3tn to...
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Nigeria to License 220 Oil Blocks: NUPRC Opens Bidding

07.08.2025
The Nigerian Upstream Petroleum Regulatory Commission has said that the 220 open oil blocks scattered in various onshore and offshore basins across the country would be handed to concessionaires after periodic bid rounds and conditions are met. The PUNCH had on Monday reported that Nigeria currently has 220 open oil blocks scattered across its onshore...
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Nascon’s Profit Soars 222% to N15.6bn in H1 2025

07.08.2025
Nascon Allied Industries Plc has recorded a profit of N15.6bn for the half year ended June 30, 2025, representing a 222 per cent increase compared to the N4.8bn posted in the corresponding period of 2024. The company’s revenue rose by 55 per cent to N78.2bn from N50.4bn in the same period last year, according to...
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Nigeria Telecom Investment Dips 58%, NCC Plans Reforms

07.08.2025
Nigeria’s telecoms regulator has introduced a new governance framework for operators, as the country’s telecom sector recorded a sharp decline in foreign direct investment in the first quarter of 2025. The new rules, unveiled by the Nigerian Communications Commission on Wednesday, seek to strengthen board oversight, risk management, and transparency across Nigeria’s $70bn telecommunications industry,...
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NGX Surges N640bn as Guinness Nigeria Leads Gainers

07.08.2025
Investors on the Nigerian Exchange Limited gained N643bn on Wednesday, as bullish sentiment returned to the market following a positive performance across major sectors. The market capitalisation of listed equities rose from N91.61tn on Tuesday to N92.25tn at the close of trading on Wednesday. Similarly, the All-Share Index increased by 1,017.38 points, or 0.70 per...
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Nigerian Print Executives Embrace Flexographic Technology

07.08.2025
Industry leaders in Nigeria’s printing and packaging sector have thrown their weight behind flexographic technology, describing it as a cost-effective and sustainable solution to revive the country’s struggling print industry.  The call was made at the 2025 Executive Seminar on Flexographic Printing and Packaging held recently in Lagos. The event, themed ‘Unlocking Profitability and Sustainability...
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FG’s Housing Program Builds 6,112 Homes in North

07.08.2025
The Federal Government is currently constructing 6,112 housing units across Northern states, including the Federal Capital Territory, Kano, Benue, and other states, under the Renewed Hope Housing Programme. This was revealed by the Minister of Housing and Urban Development, Ahmed Dangiwa, during a recent interactive session in Kaduna, as contained in a statement released by...
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Fuel Retailers Oppose New Decommissioning Regulations in Nig

07.08.2025
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’ Consultation Forum on the Proposed Midstream and Downstream Petroleum Safety and Environmental Regulations 2025, includes a...
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First HoldCo to Sell 25% Stake After Otudeko Exit

07.08.2025
First HoldCo Plc has announced plans to sell a 25 per cent stake in the company that was recently transferred to a special purpose vehicle, RC Investment Management Ltd. According to Bloomberg, the Managing Director of First HoldCo, Wale Oyedeji, disclosed the development during an investor conference call held in Lagos recently. “We will be...
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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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