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Nigerian Engineers Expose Contract Favouriti

30.06.2025
Engineers have raised concerns that favouritism in awarding contracts is undermining the transparency and integrity of the Public-Private Partnership process. The former Registrar of the Council for the Regulation of Engineering in Nigeria, Dr Felix Atume, made this observation at the Nigerian Academy of Engineering 2025 yearly lecture entitled ‘Bridging infrastructure gap in Nigeria: the...
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Nigeria Insurance: 70% Uninsured, Experts Warn

30.06.2025
The Nigerian Council of Registered Insurance Brokers has disclosed that about 70 per cent of Nigerians are currently not covered by insurance. The 13th Area Committee Chairman, Abuja Area Committee, NCRIB, Ojo Richard, disclosed this at a parley and investiture, stressing that Nigerians need to change their perspective and see insurance not as a burden...
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Petrol Price Crash Anticipated as Crude Oil Drops

30.06.2025
Marketers of petroleum products have expressed anticipation of a possible crash in the prices of Premium Motor Spirit (petrol) following the drop in crude oil prices. The Petroleum Products Retail Outlet Owners Association of Nigeria said there could be a new price regime from today (Monday) based on the reduction in the cost of crude...
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LCCI Unveils Business Innovation Hub

30.06.2025
The Lagos Chamber of Commerce and Industry will on Monday open an Innovation Hub in the state to incubate technology startups and small and medium-scale enterprises. The Chairman, Research & Advocacy at LCCI, Ladi Smith, on Friday said the chamber aims to catalyse innovation in Nigeria’s business environment with the hub. According to him, it...
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Nigeria’s New Tax Reform Explained

30.06.2025
The new tax reform acts, which were recently signed into law by President Bola Tinubu, have brought the earnings of remote workers in Nigeria within the tax bracket. Under the new provisions, individuals who work for foreign clients or companies, including freelancers, tech professionals, and digital entrepreneurs, are required to register with their state tax...
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Tinubu Halts FRC Act, Caps Dues for Private Companies

30.06.2025
President Bola Tinubu has ordered a temporary pause in the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which imposed new annual dues on large private companies classified as Public Interest Entities. The decision, according to the Federal Ministry of Industry, Trade and Investment, follows months of sustained pressure from the private sector...
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84% Asset Growth, 20 Kobo Dividend

30.06.2025
Non-interest bank, TAJBank Limited, grew its total assets to N953.10bn in 2024 from N518.33bn in 2023, indicating an 84 per cent increase. This comes as the bank paid 20 kobo per share in dividends to shareholders, its third dividend payout in five years of operation. According to a statement from the bank, the dividend payout,...
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Signature Bank Appoints New MD, Nixon Iwedi

30.06.2025
Signature Bank Limited has appointed Mr Nixon Iwedi as its new Managing Director and Chief Executive Officer. The bank stated in Sunday’s release that the appointment, which has been approved by the Central Bank of Nigeria, marks a pivotal step in its continued evolution and growth strategy. Iwedi, who until his appointment was the pioneer...
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14m Tonnes of Ocean Plastic Waste: Minister’s Decry

30.06.2025
The Federal Government has disclosed that about 14 million tonnes of plastic annually obstruct the world’s oceans, threatening Nigeria’s biodiversity and impacting vital marine ecosystems. The Minister of Environment, Balarabe Lawal, stated this recently at a training workshop for stakeholders on the Extended Producer Responsibility programme in Abuja. The workshop was organised by the National...
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Real Estate Bottlenecks Slowing Deals – Report

30.06.2025
A United States-based proptech firm, Contract2Close.Com, has asserted that documentation bottlenecks in the real estate sector are slowing deals and eroding investor confidence. The firm stated this in a statement to officially launch its transaction management platform in the country. It noted that the rollout was expected to significantly boost efficiency, transparency, and professionalism in...
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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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