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NEITI Confirms Historic N6tn FAAC Disbursements for Q3 2025

14.01.2026
Nigeria recorded its highest-ever Federation Account Allocation Committee disbursements in the third quarter of 2025, with a total of N6tn shared among the three tiers of government, the Nigerian Extractive Industries Transparency Initiative has said. In its Quarterly Review for Q3 2025 released on Tuesday, NEITI said the record allocation reflected a sharp rise in...
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Nigeria to raise $3bn annually through its carbon market

14.01.2026
President Bola Tinubu on Tuesday told world leaders that Nigeria is mobilising climate finance through a newly activated carbon market framework expected to unlock between $2.5bn and $3bn annually over the next decade. Speaking at the 2026 edition of the Abu Dhabi Sustainability Week, themed ‘The Nexus of Next: All Systems Go,’ Tinubu said the...
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Oil prices hit $65 amid drone attacks on Russian terminal

14.01.2026
Global oil prices surged on Tuesday as markets reacted to escalating drone attacks on Russia’s Novorossiysk terminal, which handles about two per cent of global daily oil supply, according to a report by Oilprice.com. Brent crude rose from $63 per barrel on Monday to trade around $65.14 on Tuesday evening, while US West Texas Intermediate...
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World Bank calls for revamp of public works programmes

14.01.2026
The World Bank has urged governments to revamp public works programmes, saying short-term jobs are no longer enough to address unemployment and skills gaps. In its report, Innovations in Public Works: Rethinking Public Works for Jobs and Skills in a Changing World, the lender said traditional schemes, which often provide temporary, low-skilled infrastructure work, fail...
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Govt Warns Contractors Over Slow Lokoja-Abuja Road Work

14.01.2026
The Federal Government has expressed dissatisfaction with the pace of construction work on the Lokoja–Abuja highway, warning contractors handling sections of the critical corridor to urgently improve performance or risk sanctions. The Presidency’s Senior Special Assistant on Community Engagement, North Central, Abiodun Essiet, gave the warning during an inspection tour of ongoing federal road projects...
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Nigeria mining sector gets boost with gold & lithium plants

14.01.2026
The Federal Government has announced the commencement of operations at a high-purity gold refining plant in Lagos, with three additional gold refineries at different stages of development across the country and a $600m lithium processing plant in Nasarawa State ready for commissioning. The Minister of Solid Minerals Development, Dele Alake, disclosed this on Tuesday, saying...
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Omi Eko Project Appoints New Head of Communications

14.01.2026
The Omi Eko Project has appointed Dr Segun Alabi as its Head of Communications and Media to drive public engagement for the €410m water transport initiative in Lagos. In a statement announcing the appointment, Special Adviser on Blue Economy to the Lagos State Governor and Project Coordinator Oluwadamilola Emmanuel expressed confidence in Alabi’s ability to...
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Cavista Hackathon Returns to Lagos for its Fourth Edition

14.01.2026
Cavista Technologies, a portfolio company of Cavista Holdings, has announced the return of its annual hackathon in Lagos, as it prepares to host the fourth edition of the Cavista Technologies Hackathon aimed at identifying and nurturing Nigeria’s next generation of technology talent. The two-day event is scheduled for 21 to 22 February 2026, at the...
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Konga Kicks Off 2026 With Discounts & Free Delivery

14.01.2026
Konga is offering customers discounts across multiple product categories, including a 25 per cent price cut on Starlink internet kits alongside free nationwide delivery, as Nigeria’s composite e-commerce platform launched its first shopping campaign of 2026. The campaign, tagged Konga Jara, is designed to help shoppers turn new year aspirations into practical outcomes through value-driven...
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15 Nigerian States Budget N10.7tn for Infrastructure

14.01.2026
Fifteen states will spend more than N10tn on infrastructure this year, an ambitious fiscal push to upgrade roads, schools, hospitals, and public utilities, analysis of their budgets by The PUNCH has shown. Together, the sub-nationals, which include Lagos, Akwa Ibom, Enugu, Anambra, Kano, Imo, Yobe, Ebonyi, Oyo, Kaduna, Ekiti, Osun, Ondo, Edo, and Plateau, earmarked...
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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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