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Cormart Leads Gas Energy Transition for Manufacturers

13.04.2026
Cormart Nigeria Limited, a member of Tropical General Investments Group, says it has transitioned to gas as its primary power source, reducing emissions while shielding its operations from rising diesel costs and grid instability. In a statement on Sunday, the company said it now operates five gas engines with a combined capacity of 5 megawatts—1.5MW...
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CPPE Faults World Bank Policy on Fuel, Food Imports

13.04.2026
The Centre for the Promotion of Private Enterprise has cautioned against a policy proposed by the World Bank to increase the importation of petroleum products and food, warning that it could reverse Nigeria’s recent economic gains. The Chief Executive Officer of CPPE, Dr Muda Yusuf, on Sunday said the recommendation, contained in the World Bank’s...
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Ecobank Announces National Schools Chess Championship 2026

13.04.2026
Ecobank Nigeria, in collaboration with the Nigeria Chess Federation, has announced the 2026 edition of the National Schools’ Team Chess Championship, an initiative that will gather over 2,000 students from across the federation to compete for a record-breaking prize pool in a major move to bolster intellectual development and human capital. The championship, according to...
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Aviation Finance in Nigeria Boosted by N500m ICAN Fund

13.04.2026
The Institute of Chartered Accountants of Nigeria Aviation Chapter has concluded plans to launch a N500m endowment fund as part of efforts to strengthen financial governance and institutional capacity within Nigeria’s aviation sector. The initiative comes as the chapter marks its first anniversary, with its pioneer chairman, Ayodele Olatiregun, reflecting on a year he described...
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World Bank Cuts Nigeria’s Economic Growth Forecast for 2026

13.04.2026
The World Bank has downwardly revised Nigeria’s economic growth projection for 2026, citing a volatile cocktail of geopolitical tensions and energy price instability that threatens to dampen the continent’s largest economy. In its April 2026 Economic Outlook update, the Washington-based lender adjusted Nigeria’s growth projection to 4.10 per cent for 2026 and 4.20 per cent...
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Oil Windfalls Should Fund Domestic Refining in Nigeria

13.04.2026
The Crude Oil Refiners Association of Nigeria has called for the reinvestment of oil windfall revenues to strengthen local refining capacity, warning that domestic refining has become a strategic necessity for the country. In a statement by the association’s spokesman, Eche Idoko, CORAN said the ongoing crisis in the Middle East had delivered a mixed...
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NSC & NRS urge waivers over Nigeria port delays

13.04.2026
The Nigerian Shippers’ Council and the Nigeria Revenue Service have urged shipping companies and terminal operators to grant waivers to importers and clearing agents affected by delays linked to the implementation of the National Single Window at the nation’s seaports. This was contained in a statement on Friday. According to the statement, the appeal was...
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How financial literacy impacts microfinance effectiveness

13.04.2026
Nigeria’s microfinance sector is growing, yet a persistent financial literacy gap is hindering its effectiveness, leaving millions still financially excluded despite greater credit access. In this interview with SAMI TUNJI, Mr. Joseph Onyeabor, Managing Director and CEO of Microbiz Microfinance Bank Ltd and Public Relations Officer of the National Association of Microfinance Banks, FCT chapter,...
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How financial literacy impacts microfinance effectiveness

13.04.2026
Nigeria’s microfinance sector is growing, yet a persistent financial literacy gap is hindering its effectiveness, leaving millions still financially excluded despite greater credit access. In this interview with SAMI TUNJI, Mr. Joseph Onyeabor, Managing Director and CEO of Microbiz Microfinance Bank Ltd and Public Relations Officer of the National Association of Microfinance Banks, FCT chapter,...
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NNPC revenue hits N2.68tn despite production decline

13.04.2026
The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68tn from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. It reported a 4.2 per cent increase in revenue for its February 2026 operations, rising to N2.68tn...
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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
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

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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