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Nigerian Navy to Train Journalists on Blue Economy

The International Maritime Institute of Nigeria has announced an exclusive executive course tailored for media practitioners in its determination to deepen national understanding and engagement with the Blue Economy. This was contained in a statement on Tuesday. IMION is a research and training arm established by the Nigerian Navy. IMION, renowned for its international-standard training...
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Wema Bank Empowers Women, Strengthens Economy

The Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, has said that empowering women helps to build families, communities, and, by extension, the economy.  Oseni said this as the lender handed out business grants to three women at the just-concluded SheCan 6.0 Conference. The SheCan Conference is a platform for entrepreneurship, career growth, and...
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Reps Probe $18 Billion Refinery Maintenance Spending

The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to investigate the turnaround maintenance of the four state-owned refineries. The Committee’s resolution is coming a few days after the House Committee on Petroleum Resources (Midstream) made a similar commitment to unravel why, despite an investment of $18bn in TAM, the refineries are not...
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FIRS Revenue Surges to ₦14.27tn, Exceeds H1 Target

The Federal Government, through the Federal Inland Revenue Service, has recorded a significant revenue surge in the first half of 2025, collecting a total of N14.27tn, representing a 43 per cent growth compared to the same period in 2024, data from a performance evaluation report obtained from the presidency revealed. The figure, which exceeds the...
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Academy Press Reports N716.5m Profit in 2025

Academy Press Plc has reported a profit after tax of N716.5m for the financial year ended March 31, 2025, marking an increase from the N73.6m recorded in the previous year.  According to its audited consolidated and separate financial statements filed with the Nigerian Exchange Limited, the company’s profit before tax rose to N1.17bn in 2025...
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Discos Reject State Review Talks

Commissioners of energy across the 36 states on Wednesday disclosed their readiness to meet with power distributors to negotiate electricity tariffs that are reflective and not burdensome on residents of the states. This follows the recent cut in electricity tariff for Band A customers from N209/kWh to N160/kWh by the Enugu Electricity Regulatory Commission, and...
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Dangote Refinery Costs More Than Lomé Imports, Marketers Say

The President of the Dangote Group, Aliko Dangote, has raised concerns over rising logistics and regulatory bottlenecks stifling its competitiveness, disclosing that port-related charges have made it more expensive for oil marketers to lift products from its Lekki-based refinery than from offshore storage depots in neighbouring countries like Togo. The businessman noted that domestic marketers...
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Court Dismisses N12.3bn Fraud Case Against Otudeko

The Federal High Court in Lagos has struck out the N12.3bn fraud charge filed by the Economic and Financial Crimes Commission against the Chairman of Honeywell Group, Dr Oba Otudeko, and three others, after the anti-graft agency formally withdrew the case on Wednesday. The EFCC, on Wednesday, formally withdrew the 13-count charge filed before the...
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Auto Bucks Lenders Achieves 100% Profit Growth

Auto Bucks Lenders, a subsidiary of Alert Group, has reported a profit growth of over 100 per cent since its inception. According to a statement on Tuesday, the company disclosed this during its annual regional customer forum held in Ibadan recently. According to the Group Chief Executive Officer of Alert Group, Kazeem Olanrewaju, the firm’s...
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Equity Trading Soars 120% to N779bn on Nigerian Exchange

The Nigerian stock market recorded a surge in equity trading activities in June 2025, with total transactions hitting N778.65bn, representing a year-on-year increase of 120 per cent compared to N354.55bn, recorded in the same month last year. Data released by the Nigerian Exchange Limited on Tuesday showed that the market’s growth was driven largely by...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...