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14m Tonnes of Ocean Plastic Waste: Minister’s Decry

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

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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Jigawa Allocates N19.6bn for Housing in 9 LGAs

The Jigawa State Government has approved N19.6bn for the construction of 560 housing units in the state, across nine local government areas, to address the state’s growing housing needs. The Commissioner for Information, Youth, Sports and Culture, Sagir Musa, disclosed this recently after the State Executive Council meeting in Dutse. Musa said the project aligned...
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Rising Coastal Erosion Threatens Nigeria

The Director of the Department of Erosion, Flood, and Coastal Zone Management, Usman Bokani, at the Ministry of Environment, stated that flooding is increasingly undermining infrastructure, damaging ecosystems, and endangering public health in coastal areas. They stated this recently in Abuja at a National Stakeholders Consultative Workshop on the policy framework. Bokani, represented by Abdullahi...
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Tinubu Suspends Private Company Dues

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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Nigeria Economy Needs Transformation, Not Incremental Change

As Nigeria grapples with a faltering economy, high inflation, and a depreciating currency, a development expert, Dr Segun Akinloye, has called for an urgent structural change to rescue the country from deepening fiscal and economic distress. In a newly released article titled “10 Solutions to Nigeria’s Problems: A Critical X-Ray of the Nation,” on Friday,...
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Starlink Resumes Service in Nigeria

Starlink, the satellite internet provider owned by Elon Musk’s SpaceX, has resumed new customer activations in Nigeria, following an expansion of its network capacity and a regulatory pause that halted residential orders late last year. The PUNCH reported that the internet firm with over 60,000 subscribers suspended new orders for its residential internet kits across...
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Stock Market Sheds N491bn: Weekly Losses Hit Nigeria

The Nigerian Stock Market ended the week bearish on Friday, with investors recording a loss of N491 billion. Market capitalisation declined by N491 billion or 0.64 per cent, closing at N75.962 trillion from N76.453 trillion on Thursday. Similarly, the All-Share Index dropped by 776.92 points or 0.64 per cent to 119,995.76 from 120,772.68 recorded previously....
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Nigeria Mini-Grids Power 6 Million: W’Bank Report

A new World Bank report has revealed that Nigeria’s decentralised renewable energy drive has connected nearly six million people to power through more than 170 mini-grids and 1.2 million stand-alone solar systems, even as the country continues to battle the largest electricity access gap in the world. The newly released report, “Tracking SDG7: The Energy...
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Tax Reform in Nigeria: ACCI Commends Tinubu’s Action

The Abuja Chamber of Commerce and Industry has commended President Bola Tinubu for signing into law four landmark tax reform bills and urged the government to ensure full implementation. It described the move as a bold and strategic step towards enhancing the ease of doing business, attracting investment, and establishing a fairer and more transparent...
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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...