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MA’AM Energy’s $750m Geregu Takeover Excites Investors

12.01.2026
The minority investor community and operators in the capital market have expressed optimism about the acquisition of majority shareholding in Geregu Power Plc by MA’AM Energy Limited, saying it was a major boost for the power sector. The stakeholders in separate chats indicated that the MA’AM Energy Limited takeover of Geregu Power, one of two...
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Heritage Bank liquidation: NDIC recovers additional N24.3bn

12.01.2026
The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to facilitate the repayment of depositors with balances exceeding N5m at the time the bank’s licence was revoked. This was disclosed in a statement signed by the Head, Communication and Public Affairs Department of the NDIC,...
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Wema Bank Introduces Voice Banking on ALAT App

12.01.2026
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has launched the upgraded version of its flagship digital banking platform, ALAT by Wema. Designed as the next phase in digital banking, the upgraded version of ALAT delivers a smarter, faster, and more intuitive experience, reinforcing Wema Bank’s leadership in...
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PenCom empowers PFAs to appoint external auditors & actuarie

12.01.2026
The National Pension Commission has empowered Pension Fund Administrators to appoint external auditors and actuaries for Approved Existing Schemes and Additional Benefits Schemes. This was indicated in the latest circular from the pension industry regulator directed at all licensed PFAs, signed by the Director of the Surveillance Department, A. M. Saleem. PenCom revealed that the...
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Minister Seeks Nationwide Ban on Wooden Boats For Safety

12.01.2026
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has urged state governments across the federation to invest in safer, modern fibre and aluminium boats to reduce waterway accidents. This is even as Oyetola renewed his call for an urgent ban on the use of wooden boats for commercial water transportation. This was contained in...
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NBS Meets Stakeholders on December Inflation Report

12.01.2026
The National Bureau of Statistics is set to engage stakeholders ahead of the release of the inflation data for December. This stakeholders meeting is scheduled to be held on Monday amid multiple projections that the disinflationary trend would be halted temporarily in December over year-end spending and waning base year effects. The PUNCH reported that...
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DisCos abandon metering duty, NERC report reveals

11.01.2026
Electricity distribution companies funded only 90,172 meters nationwide between 2019 and the third quarter of 2025, according to the Nigerian Electricity Regulatory Commission’s Third Quarter 2025 report, underscoring their limited contribution to closing Nigeria’s widening metering gap. This indicates that the DisCos appear to have abandoned one of their duties, which is metering all eligible...
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TCN & AfDB Advance Alaoji–Onitsha Power Line Reconstruction

11.01.2026
The Transmission Company of Nigeria, in partnership with the African Development Bank and the Federal Ministry of Finance, has conducted a sensitisation programme for Project Affected Persons on the proposed reconstruction and upgrade of the Alaoji–Onitsha 330kV Single Circuit Transmission Line. The sensitisation exercise, held between January 6 and 8, 2026, covered 12 local Government...
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FG Budgets N33.9bn for Nationwide Airports Upgrade

11.01.2026
The Federal Government has proposed spending a total of N33,906,953,400 on the rehabilitation and upgrade of airports, runways, aprons, terminals, perimeter fencing, and safety-critical systems across the country in the 2026 fiscal year. The budget document shows that the funds will be deployed to repair cracked runways, expand aprons, fence airports, upgrade instrument landing systems,...
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How Digital Systems in Nigeria Curb Public Service Corruptio

11.01.2026
In this interview with SAMI TUNJI, the Managing Director/Chief Executive Officer of Galaxy Backbone, Prof. Ibrahim Adeyanju, explains how the company is evolving from a government digital infrastructure provider into a full-fledged digital solutions firm, in line with the Federal Government’s drive to fully digitise ministries. Can you share your experience since assuming leadership of...
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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
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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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