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Biofuel Production: TotalEnergies Uses Cooking Oil

19.06.2025
TotalEnergies says it is set to begin production of biofuels from used cooking oil in France. This was as TotalEnergies and Quatra, the European market leader in the collection and recycling of used cooking oil, signed a 15-year agreement for the supply of 60,000 tonnes of European used cooking oil per year. The deal, which...
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Nigeria Payment Platform Unveiled: Deeper Financial Inclusio

19.06.2025
The Nigeria Inter-Bank Settlement System has launched the National Payment Stack, a payment infrastructure aimed at redefining digital payments in Africa and building on the introduction of NIBSS Instant Payments. The National Payment Stack, which is ISO 20022 compliant, was unveiled at an event in Lagos on Tuesday. The new national payment infrastructure is described...
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Zenith, Access Comply by June 30

19.06.2025
Zenith Bank and Access Holdings have said that they would comply with the Central Bank of Nigeria’s directive on regulatory forbearance by June 30. This was disclosed in their corporate statements filed with the Nigerian Exchange Limited on Wednesday. This followed the June 13 circular from the CBN, which barred affected banks from paying dividends,...
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FAAC Distributes N1.65tn Revenue for May 2025

19.06.2025
The Federation Account Allocation Committee has distributed N1.659tn as the Federation Account revenue for May 2025. This amount represents a decline of N22bn, or about 1.31 per cent, from the N1.681tn shared in April 2025. A statement from the Office of the Accountant-General of the Federation, issued by Director (Press and Public Relations) Bawa Mokwa,...
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Gas Sector Growth: Collaboration Key, Says Distributors

19.06.2025
The Association of Local Distributors of Gas has called for deeper industry-wide collaboration to unlock the full potential of Nigeria’s gas distribution value chain. The body made this call during the association’s inaugural Business Forum held recently at the Petroleum Technology Development Fund Tower in Abuja. The event, themed ’Strengthening Nigeria’s Gas Distribution Value Chain:...
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Dangote Refinery Exports First Petrol to Asia

19.06.2025
The Dangote Petroleum Refinery, Africa’s largest crude processing facility, is set to ship its first gasoline (petrol) cargo out of the African region with a vessel heading for Asia, a source with knowledge of the plans told Reuters on Wednesday. The cargo of 90,000 metric tonnes of gasoline is set to be loaded by independent...
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Bank Stocks Tumble, Recapitalization Fears

19.06.2025
The CBN’s directive to suspend dividend payments by banks has triggered concerns about its impact on bank stocks and the wider economy. The move has led to increased volatility and declining share prices in the banking sector, raising fears over recapitalisation efforts and investor confidence. Market players urge caution and call for a balanced approach...
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Tax Reform Bills: New Opportunities for Professionals

19.06.2025
The newly inaugurated president of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, has urged tax professionals to take special interest in the tax reform bills as he highlighted inherent opportunities. Ohagwa made this call during his acceptance speech at his investiture ceremony held in Lagos. The Nigerian tax reform bills, including the Nigeria...
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PenCom, HoS Collaborate on Gratuity

19.06.2025
The National Pension Commission and the Office of the Head of the Civil Service of the Federation have agreed to partner to introduce a gratuity framework for civil servants in treasury-funded ministries, departments, and agencies under the Contributory Pension Scheme. In a statement on Tuesday, PenCom indicated this was the outcome of a courtesy visit...
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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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