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Civil Servants, Not Politicians, Own Luxury Pro

Operators in the housing sector have backed the declaration made by the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, who said that most luxury homes in Abuja are owned by civil servants and not politicians. In an interview with The PUNCH, the President of the Association of Housing Corporations of Nigeria, Eno...
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Energy Investment to Surge at NOG Conference 2025

The 2025 NOG Energy Week is expected to attract investments to Africa’s energy sector, the organisers have said. Themed ‘Accelerating Global Energy Progress Through Investment, Partnerships & Innovation’, the conference is scheduled to be held between June 29 and July 3, 2025, at the Abuja International Conference Centre. In a statement on Tuesday, the organisers...
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Maritime Bank to Boost Nigeria’s Maritime

The President and Chief Executive Officer of the Regional Maritime Development Bank, Mr Adeniran Aderogba, says the bank has concluded plans to upgrade and expand major shipyards in Nigeria. Aderogba made this announcement in a statement on Tuesday, made available to The PUNCH. He said the investment will catalyse the transformation of ship repair and...
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OPay Extends N1.2bn Scholarship to Benue Varsity

Nigeria’s leading financial technology company, OPay, has extended its N1.2bn 10-year scholarship initiative to students of Benue State University, marking the institution as the seventh beneficiary of the nationwide educational support programme. The company said the move aligns with its commitment to youth empowerment and education, particularly in supporting academic excellence across tertiary institutions in...
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Abuja Workspaces: Regus Expands in Nigeria

In a strategic effort to enhance its market presence and promote economic development, Regus, a brand of International Workplace Group, announced a new partnership on Tuesday. The firm, in a statement, stated that the collaboration aimed to provide clients and businesses in Abuja with access to a network of co-working spaces. “This agreement will unlock...
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Legend Internet Q1 Profit: N32.9m

Legend Internet Plc has reported a profit after tax of N32.9m for the first quarter ended April 30, 2025, representing a 54.3 per cent decline compared to the N72.1m recorded in the same period of 2024. The drop in profit was attributed to a significant increase in operating expenses, which more than doubled year on...
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FG Lauded for Lagos-Calabar High

The President of the Nigerian Society of Engineers, Margaret Oguntala, has commended the Federal Government for its strategic infrastructure investments, particularly the Lagos-Calabar Coastal Highway.  Speaking during an interview session at the commissioning of the project’s first section at Kilometre 8, Jakande Estate, Lagos, she praised President Bola Ahmed Tinubu for demonstrating visionary leadership in...
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$4m World Bank Loan Forfeited

The Federal Government is expected to lose $4m from a World Bank loan after failing to meet auditing standards on a key revenue reform covering the Federal Inland Revenue Service and the Nigeria Customs Service. The fund formed part of the $103m Fiscal Governance and Institutions Project, a public financial management initiative financed through a...
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Nigeria PPP Summit 2025: Unlocking Infrastructure Investmen

The Federal Government will host a landmark Public-Private Partnership Summit in Abuja from June 17 to 18 as part of efforts to mobilise private capital and expertise for Nigeria’s infrastructure transformation. The 2025 Nigeria PPP Summit, organised by the Infrastructure Concession Regulatory Commission, is expected to attract high-level government officials, global investors, and key private...
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Market Gains N378bn, Berger Paints Leads

The Nigerian Stock Exchange recorded a market value loss of N378bn as trading resumed after the holiday break. At the close of Tuesday’s session, a total of 646,636,912 shares were traded in 23,977 deals, amounting to a turnover of ₦18.84bn. Compared with the previous trading day last week, the day’s trading volume declined by 50...
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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...