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NNPCL sells N336bn crude to Dangote, foreign refiners – Report

23.04.2025
The Nigerian National Petroleum Company Limited generated N336.37bn from crude oil sales in the first quarter of 2025, with Dangote Petroleum Refinery accounting for over 32 per cent of the transactions, according to findings by The PUNCH. The details were contained in internal documents from the NNPCL, submitted at the Federation Account Allocation Committee meetings,...
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FG generates N6.96bn from mining fees

23.04.2025
The Federal Government, through the Ministry of Solid Minerals Development, generated N6.96bn in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025. The Minister of Solid Minerals Development, Dr Dele Alake, who revealed this figure, said the revenue reflects the outcome of the Ministry’s efforts to raise awareness...
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Minister refutes Enugu airport concession claims

23.04.2025
The Minister for Aviation and Aerospace Development, Festus Keyamo, has denied a media report claiming that a lengthy concession period had been agreed upon for Enugu International Airport. While the minister acknowledged that the government was considering concessions and had received proposals from various interested companies, he stated that no conclusion had been reached. In...
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Onne terminal receives 6, 606-foot capacity vessel

23.04.2025
The Onne Multipurpose Terminal in Rivers State has successfully hosted a 6,606-foot equivalent unit vessel named Kota Carum. The terminal operator announced this in a statement on Monday. It added that the vessel is the largest ever to berth at the Onne Federal Ocean Terminal. It said the milestone event further underscored OMT’s growing prominence...
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Nigeria’s growth slower than expected

23.04.2025
The International Monetary Fund has revised Nigeria’s 2025 economic growth forecast downward by 0.2 percentage points, citing lower oil prices as a key reason for the adjustment. In its latest April 2025 World Economic Outlook report published on its website on Tuesday, the IMF said Nigeria’s real GDP is now projected to grow by 3.0...
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Nigerian insurers eye expansion amid 61% growth in 2024

23.04.2025
The Nigerian Insurance Association has revealed that the sector recorded approximately 61 per cent growth as of the third quarter of 2024. This was disclosed by the Chairman of the NIA, Kunle Ahmed, during the quarterly briefing on the performance of the insurance industry held at the Insurers’ House on Tuesday. The Nigerian Insurers Association,...
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eTRANZACT partners NFIU to bridge fintech compliance gaps

23.04.2025
eTranzact Plc has strengthened its commitment to regulatory compliance through a collaboration with the Nigerian Financial Intelligence Unit. In a statement made available to our correspondent on Tuesday, this partnership focuses on addressing critical compliance gaps in Nigeria’s fintech sector, particularly in areas such as Know Your Customer, transparency in Ultimate Beneficial Ownership, and 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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