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Tax Reforms Must Support Economic Growth in Nigeria

12.04.2026
The Manufacturers Association of Nigeria has called for a tax system that goes beyond revenue generation to a tax system that actively drives production and economic growth. The Chairman, MAN, South-East Zone, Mrs Adaora Chukwudozie, made the call on Thursday, during a stakeholders’ engagement in Enugu organised by the Enugu State Internal Revenue Service, Nigerian...
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World Bank clarifies its stance on Nigeria fuel imports

12.04.2026
The World Bank Group has clarified its position on fuel imports in Nigeria following backlash over recommendations contained in its latest Nigeria Development Update, as criticism mounts from policy commentators and social media activists. In a statement sent to The PUNCH on Friday, the bank said its April 2026 report, released on April 7, included...
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NERC Orders TCN to Cut Transmission Losses in Nigeria by 202

11.04.2026
The Nigerian Electricity Regulatory Commission has ordered the Transmission Company of Nigeria to reduce transmission losses across the national grid to 6.5 per cent by December 31, 2026, as part of measures aimed at improving efficiency and transparency in the electricity transmission network. In an order dated April 8, 2026, the commission said the directive...
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FGN targets 480MW boost for Ogun power supply

11.04.2026
The Managing Director and Chief Executive Officer of the Federal Government of Nigeria Power Company, Kenny Anuwe, has reiterated the commitment of President Bola Tinubu’s administration to improving power supply across the country. Anuwe said the government recognises that stable power is the lifeblood of a prosperous nation and has therefore been making substantial investments...
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Nomba Loan Partnership Achieves Low Default Rate

11.04.2026
Nomba, a Nigerian fintech platform, and Globus Bank said their on-platform credit partnership has deployed N21.3bn across businesses in Nigeria’s most commercially active sectors, achieving a non-performing loan ratio of less than one per cent. The portfolio covers wholesale and retail (39 per cent), professional services (28 per cent), food and hospitality (11 per cent),...
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NNPC Pushes AI Adoption to Cut Oil Production Costs

11.04.2026
The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo...
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FG Adds N487bn Rail & Highway Projects to 2026 Budget

11.04.2026
The Federal Government has quietly inserted fresh infrastructure projects worth about N487.56bn into the reviewed 2026 budget, signalling an aggressive push to expand rail and transport networks beyond earlier projections. Findings by The PUNCH on Thursday showed that the nine projects, largely centred on light rail systems and transport corridors, were not captured in the...
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Nigeria Real Estate & Construction Growth Hits N58.16tn

11.04.2026
Despite posting strong turnover in 2025, the real estate and construction sectors have seen limited growth. However, stakeholders remain optimistic, citing rising infrastructure needs, urban expansion, and steady private sector investment as key drivers of future expansion, writes ARINZE NWAFOR Nigeria’s construction and real estate sectors recorded strong nominal growth in 2025, hitting N19.36tn and...
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FG Moves to Resolve Gas Shortages Causing Blackouts

11.04.2026
Following the nationwide blackouts occasioned by gas constraints to power plants, the Federal Government of Nigeria has inaugurated a Gas-to-Power Monitoring Committee. A statement by Bolaji Tunji, the spokesperson of the Minister of Power, Adebayo Adelabu, said this was part of efforts to address persistent gas supply challenges undermining electricity generation across the country. Speaking...
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Champion Breweries redeems N15bn commercial paper

10.04.2026
Champion Breweries Plc has fully redeemed its N15bn inaugural Commercial Paper issuance, following the repayment of its Series 2 N10.78bn notes, which matured on April 1, 2026. The firm announced in a statement on Thursday that the latest repayment comes after the company settled its Series 1 N4.22bn Commercial Paper in December 2025, completing the...
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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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