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Nigeria’s Fuel Imports Surge Despite Local Refining Growth

15.04.2026
The importation of Premium Motor Spirit, also known as petrol, by oil marketers increased sharply in March 2026, surging by about 96.7 per cent compared to February, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Latest data from the regulator’s March 2026 fact sheet obtained by our correspondent on...
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MM2 defends 150% parking tariff hike at Lagos airport

15.04.2026
The management of the Murtala Muhammed Airport Terminal Two, operated by Bi-Courtney Aviation Services Limited, has defended the recent 150 per cent increase in parking tariffs, claiming that the decision was driven by operational necessity rather than profit motives. This was contained in a statement released on Monday after The PUNCH reported what passengers described...
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Lagos to Host Africa Women in Finance Leadership Summit

15.04.2026
Momentum is building ahead of the inaugural Africa Women in Banking and Finance Conference and Awards, scheduled to take place on May 8, 2026, in Lagos, as organisers unveiled what industry observers describe as one of the most ambitious continental recognition platforms dedicated to women shaping Africa’s financial ecosystem. Organised under the theme “Redefining Women’s...
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Nigeria Customs Adopts AI to Boost Revenue Generation

15.04.2026
The Nigeria Customs Service on Monday rolled out plans to deploy artificial intelligence to strengthen revenue generation, improve remittances, and reduce audit queries. This came as the service deepened engagement with lawmakers and fiscal authorities, reshaping its long-standing oversight relationship with the National Assembly. Speaking at the opening of a three-day training on AI-powered revenue...
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Nigeria & Morocco Advance $25bn Gas Pipeline Deal to Europe

15.04.2026
Nigeria and Morocco are set to take a major step towards realising the long-awaited transcontinental gas infrastructure project, as both countries prepare to sign an intergovernmental agreement this year for the $25bn pipeline, according to a report by Reuters on Monday. The agreement, which is expected to formalise political and regulatory commitments for the ambitious...
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FG Seeks Cheaper Funding Amid Global Economic Tensions

15.04.2026
The Federal Government has said it will seek cheaper funding and stronger global financial support as mounting geopolitical tensions continue to pressure Nigeria’s economy. This was disclosed in a media brief issued on Monday by the Special Adviser to the Minister of Finance and Coordinating Minister of the Economy on Media and Communications, Dr Ogho...
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Africa’s Global FDI Share Stagnates Between 4-6%

15.04.2026
The Pan-African Manufacturers Association has issued a stark warning in its March 2026 Manufacturing Review, revealing that Africa’s share of global Foreign Direct Investment remains trapped in a narrow corridor of four per cent to six per cent. Despite significant spikes in previous years, the report suggests that the continent is struggling to move beyond...
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Telecom Infrastructure Theft Costs Nigerian Operators Billio

15.04.2026
Nigeria’s mobile network operators are absorbing billions of naira in losses as theft of critical telecom infrastructure intensifies, with regulatory data showing more than 650 power-related assets were stolen in 2025, underscoring rising risks to the country’s digital backbone. The figure, disclosed by the Nigerian Communications Commission, covers stolen generators, batteries, and other power equipment...
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Nigeria Crude Output Misses OPEC Quota for Eighth Month

15.04.2026
Nigeria’s average daily crude production is still below the 1.5-million-barrel quota set for the country by the Organisation of the Petroleum Exporting Countries. According to the OPEC Monthly Oil Market Report released in April, Nigeria’s crude production in March was 1.38 mbpd. While there was a 69,000 bpd increase from the 1.31 mbpd recorded in...
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FMN boosts Nigeria sugar production at Sunti Estate

15.04.2026
Flour Mills of Nigeria has reaffirmed its commitment to Nigeria’s sugar self-sufficiency agenda as it hosted the Minister of State for Industry, Trade and Investment, John Enoh, on a tour of the Sunti Golden Sugar Estate in Mokwa Local Government Area of Niger State. This was disclosed in a statement made available to PUNCH Online...
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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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