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Nigeria Flooding: Mismanagement Blamed – CORBON

The Council of Registered Builders of Nigeria has called for urgent action to transform Nigeria’s rivers from threats into strategic economic assets, noting that floodplain mismanagement was responsible for flooding in the country. The council’s Chairman, Dr Samson Opaluwah, who disclosed this in a recent interview, expressed deep concern over the ongoing devastation caused by...
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ACCI Urges Nigeria to Maximize Potential

The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu, SAN, has said that Nigeria and other African countries are ready to unlock economic potential in space at the Africa Space Economy Conference and Exhibition. He urged the Federal Government and the governments of other African nations to work towards maximising the...
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Oshiomhole, Air Peace Clash Sparks Investigation

The umbrella association of indigenous carriers – Airlines Operators of Nigeria, has condemned the recent actions of Senator Adams Oshiomhole at the Lagos airport, describing it as unruly and unacceptable. This came as the Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered a full-scale investigation into the matter and directed all aviation agencies...
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Moove Seeks $300M: Nigerian Startup’s Unicorn Bid

Mobility company, Moove, is reportedly in discussions to raise $300m in fresh capital, a move that could push its valuation beyond the $1bn mark and earn it coveted unicorn status. This development comes after The PUNCH reported in January that the Uber-backed startup acquired Brazil’s Kovi, a car rental company, as part of its strategy...
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May & Baker, Stanbic IBTC Lead

The stock market ended the week on a positive note on Friday, recording a gain of ₦486 billion. The market only traded for three days as Monday and Thursday were declared public holidays for Eid Kabir and Democracy Day. Market capitalisation rose by ₦486 billion or 0.67 per cent, closing at ₦72.788 trillion, up from...
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Nigeria Crude Oil Exports: N12.96tn in Q1 2025

Oil producers exported crude oil and other petroleum products worth N12.96tn in the first quarter of 2025, even as domestic refineries continue to suffer from poor feedstock supply, The PUNCH reports. This is despite the slow implementation of the Domestic Crude Supply Obligation and the Domestic Crude Refining Requirement, which aim to ensure sufficient crude...
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BOI’s Impact Fund Boosts Nigerian Entre

The Managing Director and Chief Executive Officer of the Bank of Industry, Olasupo Olusi, has disclosed that the bank is set to unveil an Impact Fund and a Youth Bank to support enterprise development and drive youth-led industrialisation across Nigeria. Speaking during the recent inaugural Innovation and Entrepreneurship Development Annual Lecture organised by Obafemi Awolowo...
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Nigeria to Revoke Dormant Oil Licenses

The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’ policy. The Chief Executive of the NUPRC, Gbenga Komolafe, disclosed this when he received a delegation from the Independent Petroleum Producers Group at the commission’s headquarters in Abuja recently. According to a statement by the...
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IPPG, NUPRC Boost Nigeria’s Output

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has reiterated the Commission’s dedication to creating an enabling business environment, regulatory reforms and boosting investors’ confidence. A statement signed by the spokesperson for the NUPRC and made available to PUNCH Online on Friday, stated that Komolafe made this known when he recently...
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Nigeria’s Manufacturers Blame High Interest Ra

The Manufacturers Association of Nigeria has decried the high interest rates by banks as manufacturing exports crashed from the last peak of N1.04tn in the third quarter of 2024 to N294.43bn in Q1 2025, representing a N746.38bn plunge. Foreign trade data from the National Bureau of Statistics show that manufacturing export value in Q1 2025...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...