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FG & AFC sign $1.3bn Nigeria mining investment deal

03.03.2026
The African Finance Corporation and the Federal Government, through the Solid Minerals Development Fund, have signed an investment agreement to jointly finance three strategic projects, including a $1.3bn alumina refinery, a nationwide geoscience mapping exercise, and a special investment vehicle to unlock Nigeria’s minerals potential. The agreement, signed in Abuja, marks the climax of months...
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Why Toyota imports dominate the Nigerian auto market

03.03.2026
Low duty payments on imported smaller Toyota-branded vehicles, durability, and low maintenance costs have pushed up the brand’s importation into the country compared with other car brands, The PUNCH reports. Findings by our correspondent revealed that although most vehicles from 2015 below still pay almost the same duty, Toyota brands appear cheaper when you consider...
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OAU Unveils Integrated CNG Refuelling Hub for Clean Energy

03.03.2026
The Midstream and Downstream Gas Infrastructure Fund has commissioned an integrated Compressed Natural Gas refuelling facility at Obafemi Awolowo University, in what stakeholders described as a strategic step to embed Nigeria’s gas transition agenda within federal universities. The project, unveiled in Ile-Ife, Osun State, is part of a broader initiative to deploy CNG infrastructure across...
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LAWMA to Verify PSP Payment Receipts in Apapa-Iganmu

03.03.2026
The Lagos Waste Management Authority has announced plans to commence a targeted compliance operation tagged “Show your PSP payment receipt” within the Apapa-Iganmu communities. The Managing Director and Chief Executive Officer of LAWMA, Dr Muyiwa Gbadegesin, announced this while speaking during a monitoring exercise in the Lagos-Badagry transit corridor recently. Gbadegesin added that the initiative...
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OPEC+ raises oil quotas amid Middle East tension

03.03.2026
Key members of the Organisation of Petroleum Exporting Countries and their allies, jointly known as OPEC+, on Sunday announced a higher-than-expected increase in production quotas following United States and Israeli strikes on Iran, which triggered retaliation by Tehran across the Middle East. The eight-member V8 (Voluntary Eight) group within the alliance, which includes major oil...
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Gold Miner Expands CSR in Osun Host Communities

03.03.2026
Segilola Resources Operating Limited has commissioned a new primary school and launched youth-focused empowerment and sensitisation programmes in its host communities in Osun State as part of its commitment to sustainable community development. The company, a subsidiary of Thor Explorations Ltd. and operator of Nigeria’s first commercial gold mine, inaugurated the Imogbara Primary School on...
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Foreign Transactions Plunge 75% on Nigerian Exchange

02.03.2026
Foreign investor participation on the Nigerian Exchange Limited dropped sharply in January 2026 as total foreign participation recorded a significant 75.08 per cent decline in the first month of the year. The Domestic and Foreign Portfolio Investment Report from the NGX shows the retreat of foreign investors, whose transactions dropped from N0.45809tn to N0.11414tn. The...
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NGX Market Value Drops N1.40tn in Bearish Week

02.03.2026
The Nigerian Exchange Limited experienced a bearish turn in the final week of February, with key market indicators closing in the red amidst a significant drop in trading turnover. According to the weekly market data, the NGX All-Share Index depreciated 1.11 per cent, closing the week at 192,826.78 points, while Market Capitalisation shed approximately 1.12...
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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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