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Nigeria Secures $190M Renewable Energy Loan from JICA at TIC

Nigeria has reaffirmed its commitment to deepening strategic alliances with Japan and other international partners during the Ninth Tokyo International Conference on African Development in Yokohama, Japan. The Nigerian delegation, led by President Bola Tinubu, participated in high-level engagements that prioritised power, infrastructure, and industrial transformation as critical levers for sustainable development, according to a...
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Zenon Petroleum Denies HQ Seizure in N7.2bn Case

Zenon Petroleum & Gas Limited has debunked reports that claimed its Victoria Island property was seized over a N7.2bn judgment debt. In a response obtained by our correspondent and signed by Zenon’s management through its counsel, Paschal Chimezie, tagged “Re: Appeal Court Seizes Zenon property over unpaid judgment debt,” the company denied the allegation of...
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Sustainable Fashion Innovation Hub Launched in Lagos

Stakeholders in the women’s fashion industry have called for innovation and sustainability to boost the quality of locally made garments and enable the country to compete in the African and global markets. In separate interviews with The PUNCH at the unveiling of the Garment Innovation and Sustainable Production Hub in Lagos on Friday by the...
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Warri-Itakpe Train Service to Resume Soon – NRC

The Nigerian Railway Corporation has announced that operations on the Warri-Itakpe train corridor will resume soon, following a temporary suspension due to critical track repairs. In a statement issued on Friday by the Chief Public Relations Officer of the NRC, Callistus Unyimadu, the corporation confirmed that the repair work has reached an advanced stage, and...
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New Hope to End Malaria Scourge in Africa?

On World Mosquito Day, Target Malaria, a not-for-profit research consortium, has called for more investment in technology, talent and partnerships to defeat malaria, a disease that kills over half a million Africans every year, mostly children. The group, which is developing what it called gene drive technology to reduce malaria-transmitting mosquitoes, said in a statement...
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Tincan Customs Collects Record N16.4bn Revenue in One Day

The Nigeria Customs Service, Tincan Island Port Command, has achieved a remarkable feat by collecting N16.4bn in revenue on August 19, 2025, through the effective deployment of the Unified Customs Management System, B’Odogwu. This milestone is a testament to the efficiency, transparency, and responsiveness of the system in streamlining port operations. According to a statement...
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Nigeria Aims for 2.5mbpd Oil Output by 2026

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil output to 2.5 million barrels per day by 2026, following its strategy to unlock deepwater potentials, revive dormant fields, and accelerate approvals for new projects. It also announced the completion of...
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NNPC Profit Plunges 79% to N185bn in July

The Nigerian National Petroleum Company Limited has recorded a substantial decline in its profit after tax, dropping from N905bn in June to N185bn in July. This represents a staggering 79.6% decrease in profit. The company, in its monthly report released late on Thursday, said it recorded N4.41tn in July, down from N4.57tn in the previous...
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NNPC, Others Ink Gas Supply Deals with NLNG

The Nigerian National Petroleum Company Limited and five other upstream gas suppliers have signed long-term Gas Supply Agreements with the Nigeria Liquefied Natural Gas Limited for the delivery of 1.29 billion standard cubic feet of feedgas daily. According to separate statements on Friday by NLNG and NNPC, the long-term agreements, with options for extension, were...
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Pension Managers Eye Broader Investments for N24tn Fund

Players in the Nigerian pension industry have called for regulatory guidelines that would enable them to invest in export-orientated businesses, toll roads, real estate and high-growth unlisted companies so as to boost returns. According to a Bloomberg report on Thursday, this call comes as high inflation and currency depreciation erode value for the contributors to...
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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...