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NNPC begins exporting new Cawthorne crude grade in March

26.02.2026
Nigeria is set to begin exporting a new light, sweet crude grade known as Cawthorne in March as part of efforts to boost oil production and consolidate the recent recovery in output, the Nigerian National Petroleum Company Limited has disclosed. The development, which was confirmed by a spokesperson of the Nigerian National Petroleum Company Limited...
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Dangote petrol distribution deal to supply 65m litres daily

26.02.2026
The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily across the country, in a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed this in...
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States urged to align with Nigeria’s new tax regime

26.02.2026
The Executive Secretary of the Joint Revenue Board, Mr Olusegun Adesokan, has urged state governments to align their tax laws with the new national tax regime, describing subnational cooperation as critical to the success of ongoing fiscal reforms. Adesokan said, “While national laws provide direction, true transformation requires alignment at state and local levels, where...
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NRS unveils 2026 revenue roadmap, targets N40.7tn

26.02.2026
The Executive Chairman of the National Revenue Service, Zacch Adedeji, has said the agency is targeting N40.7tn in revenue for 2026 from taxes, petroleum earnings, mineral royalties and other sources, citing the impact of the Federal Government’s ongoing tax reforms. Adedeji disclosed this on Wednesday when members of the President’s economic team, including the Minister...
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Tinubu Extends Nigeria’s Shea Nut Export Ban By One Year

26.02.2026
President Bola Tinubu has approved the extension of the ban on the export of raw shea nuts for another year, from February 26, 2026, to February 25, 2027. The approval, announced in a State House press release on Wednesday, signals the administration’s continued push to boost domestic processing, deepen value addition, and strengthen Nigeria’s industrial...
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BRICS Inflows to Nigeria Surge 117% to $2.32bn

26.02.2026
Nigeria recorded a 117.04 per cent surge in capital inflows from three BRICS countries — China, India, and South Africa — in the first nine months of 2025, as investors responded to growing portfolio opportunities and sectoral strengths in the economy. According to data obtained from the National Bureau of Statistics, The PUNCH found that...
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Nigeria smartphone shipments jump 25% in Q4 2025: Report

26.02.2026
Nigeria’s smartphone market surged 25 per cent in the fourth quarter of 2025, driven by rising adoption of affordable 4G devices and expanding data usage across urban and semi-urban centres, according to research firm Omdia. The growth was part of a broader African trend, with the continent’s smartphone shipments reaching 23.1 million units in Q4,...
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S’South Govs Back Tinubu on Direct Oil Revenue Remittance

26.02.2026
The South-South Governors Forum has described President Bola Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account as a historic and landmark decision. The SSGF Chairman and Governor of Bayelsa State, Senator Douye Diri, in a statement on Wednesday, said the region’s governors welcomed the decision as...
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Keyamo brokers truce with unions

26.02.2026
The industrial crisis looming over the concession of the Akanu Ibiam International Airport, Enugu, was averted on Wednesday after aviation unions and the concessionaire reached a truce, guaranteeing workers’ job security. The resolution followed the intervention of the Minister of Aviation and Aerospace Development, Festus Keyamo, through a meeting held in his office in Abuja...
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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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