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Funding, skills gaps in ESG for MSMEs

31.10.2025
The Bank of Industry has identified limited funding and a lack of technical capacity as the biggest barriers hindering ESG adoption by businesses in the country. According to a statement on Tuesday, the bank made this observation  as it launching its ‘Environmental, Social and Governance Adoption by Nigerian Micro, Small and Medium Enterprises’ report. The...
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Nigeria steel production gets $400m boost with new deal

31.10.2025
Nigeria’s long-awaited steel revolution may finally be taking shape as the Federal Government on Wednesday announced the signing of a $400 m cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal, signed in Abuja between the Federal Ministry of Steel Development and...
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$120bn transport fund key for AfCFTA success

31.10.2025
Maritime stakeholders have stated that for African countries to benefit from the African Continental Free Trade Area, the continent will require an investment of $120bn in transport equipment by 2030. These stakeholders spoke on Wednesday at the opening ceremony of a two-day sub-regional seminar and meeting of Standing Committee No. 1 on Trade and Transport...
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PETROAN cautions against an oil market monopoly in Nigeria

31.10.2025
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market. Presenting a paper titled “New Frontiers for Competition and Market Access in Downstream Energy” at the OTL Downstream Week 2025, the President of...
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Africa’s $120bn oil import bill spurs Nigeria’s hub plan

31.10.2025
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that African countries imported hydrocarbon resources valued at $120bn in 2024. Lokpobiri stated this during the ongoing OTL Africa Downstream Energy Week in Lagos. Hydrocarbon resources are natural deposits of carbon- and hydrogen-based compounds, primarily fossil fuels such as crude oil, natural gas,...
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PETROAN cautions against monopoly in Nigeria’s oil market

31.10.2025
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market. Presenting a paper titled “New Frontiers for Competition and Market Access in Downstream Energy” at the OTL Downstream Week 2025, the President of...
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EDC & Keystone Bank back SME growth in Nigeria

31.10.2025
Stakeholders from the Enterprise Development Centre, Keystone Bank, MasterCard Foundation, and Tripoint Academy have urged small and medium enterprises in Nigeria to focus on sustainable and impact-driven entrepreneurial growth to strengthen the country’s business ecosystem. They made the call during the 2025 EDC SME Conference held recently in Lagos with the theme, “Catalysing the Future:...
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Pinnacle fuel station opens to expand access in Lagos

30.10.2025
Pinnacle Oil & Gas Limited has expanded its retail presence with the commissioning of a new service station in Abaranje, Ikotun, Lagos, as part of its strategy to bring quality energy solutions closer to customers across Nigeria. In a statement, the company said the station, which began operations last Thursday, underscored Pinnacle’s drive to enhance...
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NAICOM and FRSC to enforce third-party motor insurance

30.10.2025
The National Insurance Commission and the Federal Road Safety Corps have inaugurated a Joint Committee on the enforcement of compulsory Third-Party Motor Insurance. In a statement on Wednesday, NAICOM revealed that the joint committee was set up at a ceremony held at its headquarters in Abuja. The PUNCH reports that the issue of a joint...
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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...

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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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