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Nigeria’s Bonded Terminals: 40% Lack Basic Facilities

16.07.2025
The Secretary-General of the Association of Bonded Terminal Operators of Nigeria, Mr Haruna Omolajomo, has stated that 40 per cent of the bonded terminals in Nigeria lack the basic facilities required to operate the terminals. Omolajomo, who stated this in a chat with The PUNCH, attributed the situation to a lack of access to proper...
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10 New Fuel Stations Open

16.07.2025
Rainoil Limited says it opened 10 new fuel retail stations across Nigeria as part of its nationwide expansion strategy, bringing the company’s total network to over 210 stations in 27 states. According to a statement on Monday, the company said the development was in line with its ’Road to 400’ campaign, a strategic initiative aimed...
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Gas Export & Nigeria’s Future

16.07.2025
The President/Chief Executive of Dangote Group, Aliko Dangote, has commenced the process to develop what he described as Nigeria’s biggest and deepest seaport in Olokola, Ogun State, a move that signals the expansion of his multibillion-dollar industrial empire and a strategic push into maritime logistics. Speaking during an interview with Bloomberg in Lagos on Monday,...
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N156bn Bank Impairment Charges in Q1 2025: A Deep Dive

16.07.2025
Eight Nigerian banks incurred a combined N156bn in impairment charges on credit and financial assets in the first quarter of 2025, according to an analysis by The PUNCH of their unaudited financial statements filed on the Nigerian Exchange Limited recently. The impairment charges, often referred to as loan losses or credit losses, reflect provisions set...
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40% of Developing World Now Saves

16.07.2025
The World Bank Group has reported a significant rise in formal saving across developing nations, with 40 per cent of adults now using bank accounts or other financial services to save. This milestone, revealed in the latest Global Findex 2025 report, represents a 16-percentage-point increase since 2021, the fastest growth in over a decade. The...
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ILO Urges Stronger Social Protection for Workers Globally

16.07.2025
The International Labour Organisation and global labour unions have renewed calls for stronger social protection systems to safeguard workers, following the outcome of the Fourth International Conference on Financing for Development held in Seville, Spain. The conference, which took place from 30 June 30 to July 3, ended with a landmark agreement urging countries to...
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Nigeria’s Outsourcing Industry Embraces AI for Global Growth

16.07.2025
Outsourcing professionals in Nigeria are ramping up efforts to integrate artificial intelligence into their operations, aiming to improve service delivery, streamline recruitment, and compete more effectively in the global digital economy. At the Association of Outsourcing Professionals of Nigeria Outsourcing Expo 2025, held in Lagos, industry leaders gathered under the theme ‘Outsourcing, AI, and the...
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Five 2 Media’s New Nigerian Drama Film Explor

16.07.2025
Five 2 Media Entertainment has announced the release of its latest film, ‘Remi X Nneoma’, signalling the production company’s return to the Nigerian film industry with a story that explores love, grief, and the path to emotional healing. The new drama presents a fresh and intimate take on the timeless themes of loss and resilience,...
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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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