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Lagos Power Boom: Off-Grid Exceeds National Grid

10.06.2025
Off-grid and self-generated electricity in Lagos State has surpassed Nigeria’s entire grid-connected capacity, a new report by the Africa Finance Corporation has revealed, raising concerns over the growing energy access crisis in the country. It also stated that if current trends persist, the number of Africans without electricity access could stay unchanged between now and...
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Peter Obi Slams Subsidy Removal, Naira Float

10.06.2025
The presidential candidate of the Labour Party in the last general elections, Peter Obi, has slammed what he called ‘haphazard’ implementation of the fuel subsidy removal and the floating of the naira but said there was nothing wrong with these moves. Obi made these observations on Monday during an interview on Arise TV. The administration...
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Major Banking Option for Nigerians

10.06.2025
The Managing Director/Chief Executive Officer of Lovonus MFB, Adeola Ayibiowu, has revealed that the microfinance banks remain the only banking option for millions of Nigerians across the country. Ayibiowu said this on Monday as he highlighted the investments that the bank has been making in digital platforms and mobile banking technologies. Nigeria has hundreds of...
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Local Refineries Struggle For Supply

10.06.2025
Crude oil refiners in Nigeria have cried out over their inability to access crude oil locally for their refineries, saying oil producers prefer selling crude to international traders in dollars The Publicity Secretary of the Crude Oil Refinery Owners Association of Nigeria, Eche Idoko, said in a statement on Monday that Nigeria’s transition to a...
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Stanbic IBTC rating affirmed: Fitch maintains ‘AAA’ rating

10.06.2025
Credit rating firm Fitch Ratings has affirmed Stanbic IBTC Holdings PLC at an ‘AAA(nga)’ rating with a stable outlook, marking over 10 consecutive years of maintaining this top-tier ranking. Fitch’s latest rating action reflects the strength of Stanbic IBTC’s operating model, the Group’s prudent risk management practices, and its strategic importance to its parent company,...
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Sterling Foundation’s Environment Day Agenda

10.06.2025
Sterling One Foundation has spotlighted plastic waste pollution as a major issue to tackle on this year’s World Environment Day through community-led cleanups, strategic partnerships, and ongoing policy engagement. In a statement on Sunday, the Foundation said it will join other stakeholders at WEDex 2025, a World Environment Day convening hosted by GreenHub Africa in...
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E-Call-Up System Tackles Apapa Port Gridlock

10.06.2025
The Secretary-General of the Association of Maritime Truck Owners, Mohamed Bala, has declared a vote of confidence in the electronic call-up system introduced by the Nigerian Ports Authority to tackle gridlock on the Apapa and Tincan Port Access Roads. In a statement, Sani-Bala commended the platform after a peaceful rally in Apapa. He applauded the...
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Winhomes Denies Tax Non-Compliance

10.06.2025
The Chief Executive Officer of Winhomes Global Services Limited, Stella Okengwu, has replied to the Minister of Works, David Umahi, over comments made against her company recently. Umahi, during the inauguration of the Lekki-Epe Deep Seaport road last week, said the company had failed to meet its tax obligations. The minister demanded that the businesswoman...
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Aso Savings Reports N89m Net Income in 2023

10.06.2025
ASO Savings & Loan Plc recorded a profit after tax of N89m for the year ended December 31, 2023, reflecting a slight improvement compared to the N85m profit posted in 2022. According to the company’s audited financial statements, released recently, the firm’s interest income stood at N1.16bn, while interest expense was N1.01bn, resulting in a...
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Savannah Energy Hits $393m Revenue Mark

10.06.2025
British independent energy firm SCVD12avannah Energy Plc has reported a total income of $393.8m for the financial year ended 31 December 2024, marking an increase from the $289.8m recorded in 2023. According to the company’s unaudited results released recently, the total income comprises $258.9m in revenues and $134.9m in other operating income. While revenues were...
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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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