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Nigeria’s Walcot Group wins three oil blocks in Angola

15.04.2025
Walcot Group, a prominent Nigerian energy company, has signed a production sharing contract with the Angolan National Agency for Petroleum, Gas, and Biofuels. The agreement signed last week followed the company’s successful bid for three oil blocks in a competitive international licensing round, marking a significant step in its mission to expand its footprint across...
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Trustfund Pensions bags Funds Manager of The Year award

15.04.2025
Trustfund Pensions Limited has been recognised as the Pension Funds Manager of the Year 2024 at the prestigious Verbatim Media Awards 2024, held in celebration of the publication’s 13th Anniversary and Excellence Awards. The award was received by the Managing Director/Chief Executive Officer, Mr. Uche Ihechere, at the grand event which took place at the...
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Leadway Assurance, Plan B unveil products for women

14.04.2025
Leadway Assurance has partnered with PlanB Insurance for Nigerian Women to launch women-focused insurance products which have been approved by the National Insurance Commission. At the launch of the products, the partners maintained that they would help to drive financial inclusion and insurance penetration in Nigeria. According to Women’s World Banking, only 35 per cent...
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NITP decries Nigeria’s 30-year planning commission delay

14.04.2025
The Nigerian Institute of Town Planners has expressed reservations about Nigeria’s failure to establish the National Urban and Regional Planning Commission, 30 years after it was mandated by law. Speaking recently at the unveiling of the Nathaniel Atebije Foundation for Planning Advocacy and the 70th birthday celebration of the institute’s immediate past president, Nathaniel Atebije,...
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GenCos get gas price slash amid N2tn debt

14.04.2025
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has slashed the price of natural gas for power generation companies. This is coming amid about N2tn debt owed to gas companies by the power generation companies as a result of illiquidity. GenCos are now expected to pay $2.13 per million British thermal units, according to a...
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$700m ports rehabilitation project suffers delay

14.04.2025
The $700m port rehabilitation project billed to commence in the second quarter of 2025 has been delayed by a few months, The PUNCH understands. In April, The PUNCH reported that the Nigerian Ports Authority secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was...
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NLNG Insurance team explores opportunities with NIA

14.04.2025
The insurance team of the Nigeria Liquefied Natural Gas seeks an understanding of energy and special risk insurance policies, according to a statement from the NIA. To this end, the team led by the Managing Director of First Standard Insurance Brokers Limited, Dr Adetayo John-Fishers, recently paid a strategic familiarisation visit to the Director-General of...
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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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