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Fuel Smuggling Down 35%: NMDPRA’s Impact

15.07.2025
The Depot and Petroleum Products Marketers Association of Nigeria says the Nigerian Midstream and Downstream Petroleum Regulatory Authority has reduced cross-border fuel diversion by 35 per cent through stricter anti-smuggling measures. In a statement signed by Executive Secretary of DAPPMAN, Olufemi Adewole on Monday, the association attributed the “stability, innovation, energy access and continuing growth“...
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Nigeria’s Petrol Consumption: Dangote Exposes Corruption

15.07.2025
President of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s daily petrol consumption figure is higher than what the country consumes, stressing that the petroleum sector is riddled with corruption. Dangote said the figure was bloated by some individuals for personal gains, especially during the fuel subsidy era. However, while marketers agreed with...
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FIRS to Halt Tax Evasion in Nigeria

15.07.2025
The Federal Inland Revenue Service has announced plans to host a two-day national conference on illicit financial flows as part of renewed efforts to combat tax evasion and safeguard Nigeria’s financial system. In a statement made available to our correspondent on Sunday, the Special Adviser on Media to the FIRS Chairman, Dare Adekanmbi, said the...
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Stricter Rules for Nigerian Banks

15.07.2025
As the deadline for the Capital Restoration Plan expires today, analysts warn banks may adopt stricter lending practices, though the policy is expected to stabilise the financial system in the long run, writes OLUWAKEMI ABIMBOLA Experts have projected that the capital restoration plan mandated by the Central Bank of Nigeria to support banks’ exit from...
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NESG Urges Responsible AI Use in Finance

15.07.2025
The chairman of the Nigerian Economic Summit Group, Niyi Yusuf, has called on players in the financial sector to take a leading role in shaping a responsible and inclusive artificial intelligence future. Yusuf, who is also the managing partner at Verraki Partners, said this at the 2025 Stakeholders Conference organised by the Association of Corporate...
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Engineer Accuses Police of Abuse, Property Invasion

15.07.2025
A Lagos-based property owner, Engineer Olufemi Fasehun, has petitioned the Inspector-General of Police, Kayode Egbetokun, over an alleged professional misconduct. In a statement, it was noted that the victim described the act as a gross abuse of power and professional misconduct by officers of the Nigeria Police Force attached to the Monitoring Unit of Zone...
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LASERA Fees Criticized: Stakeholders Fault High Registration

15.07.2025
Stakeholders have raised the alarm over the agency’s high fees required to register with the Lagos State Real Estate Regulatory Authority, which they perceived as overreach, and the creation of a dual regulatory structure that could undermine established professional bodies. Chairman of the Board of Trustees of the Nigerian Institution of Estate Surveyors and Valuers,...
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Top Priority for NIA-RACC 2025 Retreat

15.07.2025
The Risk, Audit & Compliance Committee, a committee of the Nigerian Insurers Association, has said that upskilling of its members is one of its top priorities in its 2025 annual retreat. The retreat, themed ‘Insurance industry recapitalisation: Strengthening governance activities for maximum benefits,’ is set for next month. The RACC comprises chief internal auditors, risk...
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Insurance Mergers Surge Amid Nigerian Reform Bill

15.07.2025
There have been some takeovers and mergers as the insurance sector awaits presidential assent to the Nigerian Insurance Industry Reform Bill, writes OLUWAKEMI ABIMBOLA on July 2nd, 2025, the National Insurance Commission issued new licenses to SanlamAllianz Life and General Insurance in Abuja after the successful merger of Sanlam and Allianz, signalling fresh energy in...
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$14.9tn Oil Investment Gap: OPEC’s Urgent Warning

15.07.2025
The Organisation of the Petroleum Exporting Countries has called for urgent and sustained investment in the global upstream oil sector, warning that a cumulative $14.9tn will be required between 2025 and 2050 to meet projected demand and prevent a future energy crisis. This investment figure, equivalent to $574bn annually, represents the bulk of the $18.2...
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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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