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Water Project Failures: $700M Lost?

The World Bank has blamed weak institutional capacity at the sub-national level for the failure of Nigeria’s $700m Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme. The programme, which aims to increase access to water, sanitation, and hygiene services and strengthen sector institutions across participating states, has recorded limited progress nearly four years...
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Why new firm won oil blocks in 2024 round — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has explained why a new company won oil blocks in the 2024 licensing bid round. There were complaints that Panout Oil & Gas, an eight-day-old oil company (as of the time of the bid), won oil blocks. At the licensing round commercial bid conference held in Lagos last December,...
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Ministry partners Itana to boost digital trade in Nigeria

The Ministry of Industry, Trade, and Investment has signed an agreement with Itana, Nigeria’s first licensed digital economic zone management company, to boost digital trade and attract global tech investment. Itana made this disclosure in a statement to Saturday PUNCH on Friday. Backed by development funding from the Africa Finance Corporation, Itana is developing a...
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Petrobras eyes Nigeria, others for oil exploration

Brazil’s state-run oil giant, Petrobras, has declared its ambition to make Africa its principal region of development outside South America, with a major push into deepwater exploration. The company’s Chief Executive Officer, Magda Chambriard, disclosed that Côte d’Ivoire (Ivory Coast) extended what she described as a “red carpet” by offering Petrobras preferential rights to acquire...
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Nigerian stock market sees significant dip in transactions

Stock market investors traded 3.214 billion shares worth N76.348 billion in 64,156 transactions on the floor of the Exchange during the week. This is compared to 3.794 billion shares valued at N119.394 billion that exchanged hands last week in 89,636 deals. Consequently, the value of transactions traded by investors on the Exchange dropped by 56.4...
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Bill Gates urges African leaders to accelerate development

The Chairman of the Gates Foundation, Bill Gates, has admonished African leaders to utilise the foundation’s $200bn pledge to accelerate health and development progress through innovation and partnership, despite current challenges. According to a release by the Gates Foundation, he pledged that the majority of his foundation’s $200bn expenditure over the next 20 years would...
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SAP Experts Highlight AI, Cloud Solutions Driving Growth

SAP experts, partners and customers, who converged at SAPHILA 2025, have stated that cloud and business AI innovations are accelerating organisations’ growth. According to the organisers of the conference, in a statement, this was part of the fallouts of this year’s SAPHILA, the premier conference of the African SAP User Group—an independent, non-profit organisation representing...
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2025 Brand Africa report reveals top African brands

Brand Africa, in partnership with African Business and the Economic Commission for Africa, has unveiled the results of the 15th annual Brand Africa 100 |Africa’s Best Brands and Ethiopia’s Best Brands rankings. The announcement was made at the historic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity, now the African...
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Global brands launch innovative business AI initiatives

Leading global brands showcased their innovative success and business transformation initiatives at this year’s SAP Sapphire, recently held in Madrid, Spain. According to the organiser of the event, in a statement, this year’s Sapphire brought together customers, partners and business leaders to discover the latest SAP innovations. It noted that the event witnessed the unveiling...
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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...