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14-Man Team Tackles Nigeria Building Collapse Crisis

19.06.2025
The Federal Government has inaugurated a 14-man task team to address the growing crisis of building collapses nationwide. Speaking during the inauguration ceremony in Abuja on Wednesday, the Minister of Housing and Urban Development, Ahmed Dangiwa, described the frequent incidents of collapsed buildings as a national embarrassment. He lamented that the situation had resulted in...
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Cheap Fuel: Marketers Seek Foreign Imports

19.06.2025
Oil marketers say they have commenced negotiations with international traders to import cheaper Premium Motor Spirit (petrol) into Nigeria to remain competitive in the business. This is even as the Independent Petroleum Marketers Association of Nigeria and oil workers insisted that the price of petrol from the Dangote Petroleum Refinery should be cheaper than N825...
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Slow Digital Adoption by Electricity Firms — NESG

19.06.2025
The Chief Executive Officer of the Nigerian Economic Summit Group, Tayo Aduloju, says electricity distribution companies and the public sector are still lagging behind in terms of digital adoption. Aduloju stated this in Lagos on Tuesday at a biennial lecture organised by the Chartered Institute of Directors in honour of its President and Chairman of...
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Tinubu Addresses African Energy Experts

19.06.2025
President Bola Tinubu will address delegates at the 2025 African Energy Week in South Africa in September. Themed ’Invest in African Energies’, the AEC announced in a statement that Tinubu would address delegates at the energy event in Cape Town. Tinubu’s participation comes as Nigeria undergoes one of the most ambitious reform drives in its...
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N1.18tn Market Surge on Oil, Insurance Boost

19.06.2025
The Nigerian Exchange closed on a positive note on Wednesday, as buying interest in insurance and oil and gas stocks drove a broad-based rally, resulting in a market capitalisation gain of N1.18tn, the largest single-day rise recorded so far this week. At the close of trading, the All-Share Index surged by 2,246.00 points, representing a...
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Oil Firms Face Sanctions Over $456m Unpaid Revenue

19.06.2025
The House of Representatives Public Accounts Committee on Wednesday warned 13 non-compliant oil companies to appear before it to answer questions in the ongoing probe of non-remittance of monies due to the Federal Government, or face grave sanctions. The companies are allegedly owing the Federal Government about $456.95m (N731.12 bn) in unremitted revenues. In a...
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Air Peace Secures Heathrow Slot, Slams Critics

19.06.2025
Chairman of Air Peace, Allen Onyema, has condemned what he called a “targeted campaign” to damage the airline’s reputation. Speaking to journalists in Lagos on Wednesday, Onyema said, “Air Peace has done a lot for our fatherland and we will continue to do it because we see it as a calling, not to make money.”...
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Stock Market Gains N1.18trn: Seplat Leads Surge

19.06.2025
The Nigerian stock market rebounded on Wednesday after a two-day loss, as investors gained N1.184 trillion. Market capitalisation rose by N1.184 trillion, or 1.63 per cent, to close at N73.681 trillion, up from N72.497 trillion recorded on Tuesday. Similarly, the All-Share Index rose by 1,876.71 points, or 1.63 per cent, settling at 116,786.87 from its...
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Fidelity Bank Targets June Exit from CBN Forbearance

19.06.2025
Fidelity Bank has emerged as the latest lender to indicate that it will bring its forbearance exposure under regulatory compliance by the first half of 2025. In a press statement filed with the Nigerian Exchange Limited on Wednesday night, the lender indicated that its Single Obligor Limits forbearance relates to two obligors and that its...
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First LNG Ship Arrives at Apapa Terminal

19.06.2025
APM Terminals Apapa has announced receiving the first liquefied natural gas-powered containership to visit West Africa. Disclosing this in a statement on Wednesday, the terminal stated that the berthing of the vessel named ‘Kota Oasis’ marked a significant milestone in the terminal’s operations. According to the statement, the vessel, measuring 260 metres in length and...
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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
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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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