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Nasarawa Takes Over Electricity Regulation from NERC

04.08.2025
The Nigerian Electricity Regulatory Commission says it has transferred regulatory oversight of the electricity market in Nasarawa State to the Nasarawa State Electricity Regulatory Commission. In a statement posted on its social media handles on Saturday, NERC stated that this action complied with the 1999 Constitution and the Electricity Act 2023. “In compliance with the...
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Airtel Nigeria Boosts Infrastructure Spending to $39M

04.08.2025
Airtel Africa Plc increased its capital expenditure in Nigeria to $39m in the second quarter of 2025, up 1.7 per cent from $38m in the same period last year, according to the company’s financial statement obtained by Sunday PUNCH. The marginal increase highlights Airtel’s continued investment in its largest and most strategic market, despite a...
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Sterling Bank Declares N41.8bn Half-Year Profit

04.08.2025
Sterling Financial Holdings Plc has recorded a profit of N41.8bn for the six months ended June 30, 2025, up from N16.3bn in the corresponding period of 2024, according to its unaudited interim financial statements released recently. The group’s profit before tax stood at N45.5bn for the period, a significant increase from N17.3bn in the first...
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Nigeria’s Motorcycle Manufacturing Push: Challenges and Oppo

04.08.2025
The Executive Director of the Motorcycle Manufacturers Association of Nigeria, Lambert Ekewuba, stresses the need for the Federal Government to strike a deal with Original Equipment Manufacturers to achieve a successful component deletion programme and detailed how local manufacturers brave the odds to remain profitable in a chat with ARINZE NWAFOR What do you make...
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FirstBank Wins 2025 Euromoney ESG Award

04.08.2025
FirstBank has retained the title of Nigeria’s Best Bank for Environmental, Social, and Governance at the Euromoney Awards for Excellence 2025. This marks the second consecutive win in the ESG category for FirstBank, affirming its leadership in sustainable finance and responsible banking across Nigeria, the lender said in a statement. The Euromoney Awards for Excellence...
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BOI Disburses N900m MSME Loan to 262 FCT Businesses

04.08.2025
The Bank of Industry has reiterated its commitment to improving access to affordable financing, as it continues to disburse the N75bn intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide. This was as it revealed that no fewer than 662 businesses in the Federal Capital Territory have received...
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Nigeria to Receive $250m World Bank Loan for Healthcare

04.08.2025
The World Bank may approve a $250m loan to Nigeria next month under the third phase of its Health Security Programme in Western and Central Africa as the country battles mounting health and economic challenges. According to an appraisal document published by the global lender, the proposed loan, which is scheduled for board approval on...
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Solar Import Ban Risks Nigeria’s Energy Access – PwC

04.08.2025
A new report by global consulting firm, PricewaterhouseCoopers, has cautioned the Federal Government against implementing an immediate restriction on solar panel imports, warning that such a move could disrupt Nigeria’s fragile energy access gains and dampen investor confidence in the renewable energy sector. The report, titled “Rethinking Nigeria’s Proposed Solar Panel Import Policy”, and obtained...
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KPMG Urges Banks to Prepare

04.08.2025
KPMG has called on banks and financial institutions to urgently accelerate their preparedness ahead of the launch of open banking in Nigeria. This was indicated in its latest report published on Thursday, which is titled ‘Modernising Core Banking Systems: Navigating challenges to achieve resilient transformation,’ a thought leadership piece which was the outcome of its...
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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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