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Obat Oil Plans 200 Retail Stations & Partners with Dangote

20.01.2026
In a conversation with DARE OLAWIN, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, discusses the company’s strategic advantages, operational improvements, plans to grow its retail network, collaboration with the Dangote refinery, and how technology, infrastructure, and cleaner energy are driving its long-term vision for Nigeria’s downstream sector. Obat Oil has been a homegrown player in...
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Abuja Disco transitions into HoldCo, names new subsidiaries

19.01.2026
Abuja Electricity Distribution Plc has announced its transition into a Holding Company structure, a move aimed at strengthening its capacity to operate effectively within Nigeria’s evolving electricity market and the newly decentralised regulatory environment. The company said in a Sunday statement that the restructuring followed the enactment of the Electricity Act of 2023, which empowers...
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Petrol Imports Dominate Nigeria’s Supply Despite Refineries

19.01.2026
Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for 62.47 per cent of the country’s total Premium Motor Spirit consumption, The PUNCH reports. This trend persisted despite the commencement of operations, steady ramp-up in production and distribution of petrol by domestic refineries, notably the Dangote Petroleum Refinery, alongside state-owned...
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Global markets face volatility amid US-Europe trade tensions

19.01.2026
Global markets are expected to face renewed volatility after United States President Donald Trump threatened to impose tariffs on eight European nations over a dispute regarding Greenland. According to Reuters, Trump announced plans to levy a 10 per cent import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland,...
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Govt Unveils Framework for Public Assets Maintenance

19.01.2026
The Federal Government has unveiled a comprehensive framework aimed at strengthening the maintenance and preservation of public assets across the country. In a post on its website recently, the Federal Ministry of Housing and Urban Development explained that it is driving the initiative through the Department of Federal Public Assets Maintenance. It added that FPAM...
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Nigeria Asset Valuations to Rise in 2026, Report Says

19.01.2026
Asset valuations in Nigeria will begin to rise in response to the improved environment, indicating that acquisition pricing seen in 2024 and 2025 will be the lowest entry point over the next 10-year real estate cycle, a recent report by Estate Intel has stated. The report, referenced by The PUNCH on Wednesday, stated that if...
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Meristem projects sustained equities rally, robust returns

19.01.2026
Meristem Stockbrokers has projected a sustained rally in the equities market, saying strong fundamentals, easing inflationary pressures and improving macroeconomic stability will continue to support robust returns for investors. The Managing Director and Chief Executive Officer of Meristem Stockbrokers, Saheed Bashir, disclosed this at the firm’s annual economic outlook in Lagos, themed From Stability to...
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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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