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Energy Access Boosted: $250k Investment in enee.io

An independent impact investing company, All On, has invested $250,000 in enee.io to expand energy access across Nigeria. In a statement on Thursday, the firm said that the investment marks a significant step in scaling enee.io’s sales operations within Nigeria to enable the company to broaden its reach and impact in the off-grid energy sector....
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Union Bank Champions Gender Inclusion

Union Bank has highlighted the ways its family-friendly policies are helping to foster gender inclusion and set new standards in the financial sector. According to the lender on Thursday, it is actively creating a more equitable and supportive environment for women, both within its own workforce and across the wider Nigerian community. Union Bank was...
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Senate Summons Boss Over N210tn

The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed deep displeasure over Ojulari’s repeated absence from investigative sessions and warned that no official, regardless of position, is above...
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Dangote Doubts Revival, Calls for Chang

The President of the Dangote Group, Alhaji Aliko Dangote, has doubted the possibility of the state-owned Port Harcourt, Warri, and Kaduna refineries functioning again. Dangote also stated that the refineries, which are under the management of the Nigerian National Petroleum Company Limited, had gulped up to $18bn, yet have refused to work. The billionaire businessman...
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Naira Oil Revenue Jumps 200% After Devaluation

The Federal Government’s earnings from oil royalties and others ballooned from about N4tn to N12tn following the devaluation of the naira, The PUNCH reports. This represents a 200 per cent jump in earnings to the government through its Nigerian Upstream Petroleum Regulatory Commission. A latest report from the NUPRC showed that the revenue generated by...
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A New Era of Expansion

Guaranty Trust Holding Company made history on Thursday by becoming the first West African financial institution to have its shares listed on the London Stock Exchange. The development has made GTCO to be dual-listed on the LSE and the Nigerian Exchange Limited. At a ceremony to mark the listing at the LSE, stakeholders highlighted the...
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New Figures, Investor Appeal, Fiscal Cla

Nigeria is preparing to release its rebased Gross Domestic Product figures in 2025 for the first time in more than a decade, which analysts say could catalyse investment and improve its attractiveness to investors, development partners, and global financial markets. The National Bureau of Statistics announced the plan in October 2024 and initially targeted the...
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N40m Investment in Nigerian Tech Skills Development

Start Innovation Hub, a leading force in Nigeria’s tech ecosystem, has announced a significant N40m commitment towards scholarships and discounts for digital skills training. This investment, according to a statement from the firm on Thursday, aims to bridge the nation’s tech skill gap and empower its youth. “The overwhelming response from our community regarding scholarships...
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Bello appointed chairman of tourism tribunal

Justice Ishaq Bello (retd) has been appointed as Chairman of the newly inaugurated Hospitality, Tourism & Travel Tribunal, established by the National Institute for Hospitality and Tourism to enforce standards and resolve disputes in Nigeria’s tourism sector. In a statement on Wednesday, the National Institute for Hospitality and Tourism announced the formal inauguration of the...
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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...