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PENCOM recovers N1.58bn from defaulting employers

25.04.2025
The National Pension Commission has recovered N1.58bn from defaulting employers through enhanced enforcement efforts. This was disclosed by the Director-General of PenCom, Omolola Oloworaran, on Wednesday during the First Run 2025 Consultative Forum for States and the Federal Capital Territory, held in Kano, according to NAN. Oloworaran said the recovery is part of the commission’s...
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Ramp up production, FG charges oil firms

25.04.2025
The Federal Government has again tasked indigenous oil companies to ramp up production to meet both domestic and export demands and boost revenue remittance to government coffers. The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the call in Abuja when he received the management of Renaissance Africa Energy at the ministry headquarters...
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West Africa container terminal wins award

25.04.2025
The West Africa Container Terminal, located at Onne Port in Rivers State, has been named the Most Outstanding Terminal Operator of the Year 2024 at the 27th edition of the Maritime Industry Merit Awards, a statement obtained by The PUNCH recently said. The event, themed ‘Rewards of Excellence’, which was held in Lagos, underscored the...
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UBA posts N189.8bn profit in Q1

25.04.2025
United Bank for Africa Plc has announced a growth in its profit for the first quarter of 2025, recording a profit after tax of N189.8bn. This represents a rise from the N142.6bn reported in the same period last year. In its Condensed Consolidated Statements of Comprehensive Income for the three months ended 31 March 2025,...
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FG eyes N1.2tn from bond market in Q2

24.04.2025
The Federal Government plans to raise between N900bn and N1.2tn from the domestic bond market in the second quarter of 2025, a sharp drop from the N1.8tn targeted in the first quarter of the year. This is according to the FGN Bond Issuance Calendar for Q2 2025, newly released by the Debt Management Office. The...
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Applicants can access $25m from cabotage fund – Oyetola

24.04.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola has stated that qualified applicants can access up to $25m each at competitive interest rates from the Cabotage Vessel Financing Fund. The Special Adviser to the Minister on Media & Communications, Dr Bolaji Akinola, announced this in a statement recently. The minister also directed the Nigerian...
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Bellazir Energy promises to transform fuel supply

24.04.2025
Bellazir Energy Ltd, a new entrant in Nigeria’s energy sector, is set to revolutionise fuel supply and distribution across the country. In a statement, the company said it will officially unveil operations on April 29 in Lagos. “Specialising in the supply and distribution of petroleum products, the company aims to provide efficient, reliable, and sustainable...
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Ax Gas offers affordable car conversion

24.04.2025
The Chief Executive Officer of Ax Gas, Andre Bassey, says Nigerians can now convert their petrol-powered cars to run on Compressed Natural Gas at affordable rates. Contrary to the widespread belief that the cost of CNG auto conversion is beyond the power of an average Nigerian, Bassey said people can convert their cars without spending...
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Dangote, Mikano, 103 others get FG’s tax waivers

24.04.2025
The total number of local and foreign companies exempted from remitting tax revenue to government coffers increased to 105 as of December 2024, The PUNCH reports. Dangote Fertilisers, Mikano International Limited, and 103 others are included in this list. This came amid uncertainties over the programme’s effectiveness and the government’s announced plan to discontinue 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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