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PTML Customs Posts N44bn Revenue & Seizes Illegal Arms

05.02.2026
The Nigeria Customs Service, Port and Terminal Multiservices Limited Command, has said it generated N44.06 bn in January 2026, surpassing the N40.50 bn recorded in January 2025 by N3.56 bn, representing an 8.8 per cent increase. In a statement, the Customs Area Comptroller in charge of the Command, Joe Anani, disclosed this while handing over...
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Nigeria Power Subsidy Dispute: GenCos vs. Govt Policy

05.02.2026
The Federal Government’s plan to stop bearing electricity subsidy costs alone and instead spread the burden across the federal, state, and local governments from 2026 has opened a fresh fault line in Nigeria’s power sector, with generation companies rejecting the very existence of a subsidy, while distribution companies endorse the policy as fair and workable....
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Nigeria Approves Digitisation of Fish Import Licences

05.02.2026
Minister of Marine and Blue Economy, Adegboyega Oyetola, has sanctioned the move to digitise Nigeria’s fish import licences. In a statement on Tuesday, the minister stressed that the move is a landmark policy aimed at enhancing transparency, efficiency and regulatory oversight within the nation’s fisheries sector. Oyetola has, consequently, directed the Department of Fisheries and...
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FG Reaffirms Commitment to Nigerian Port Investments

05.02.2026
The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has reaffirmed the Federal Government’s commitment to promoting increased investor participation in port development while highlighting steps taken to boost the productivity levels of all the nation’s maritime gateways. Dantsoho stated this in a statement on Tuesday obtained by The PUNCH. At the recent...
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First HoldCo Earning Plummets 93% to N45bn for 2025

05.02.2026
First HoldCo has reported a full-year profit of N44.98bn for the 2025 financial year, representing a 93.4 per cent decline from the N677.01bn profit recorded in 2024, even as the financial services group slipped into a loss of N405.89bn in the fourth quarter. The group’s audited results for the year ended 31 December 2025 showed...
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Dangote Refinery Not Importing Finished Fuel, MD Clarifies

05.02.2026
The Managing Director of the Dangote Petroleum Refinery, David Bird, has said that the $20bn facility is not importing finished petroleum products, explaining that the refinery operates a merchant refining model that does not rely solely on crude oil. According to Bird, what some individuals called fuel was intermediate feedstock. Bird made the clarification while...
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CBN to Release Open Banking Roadmap in Three Months

05.02.2026
The Central Bank of Nigeria will issue an implementation roadmap for Open Banking within three months, aiming to bridge technical gaps in the country’s financial ecosystem. This was disclosed in the newly released CBN Fintech Report 2025, which captured activities in the fintech sector. The PUNCH reports that in a February 2021 circular, the apex...
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Coronation Merchant Bank Aims for African Prominence at 10

05.02.2026
Coronation Merchant Bank has set its sights on becoming a leading African bank as it marked its 10th anniversary. This was disclosed at the Chairman’s Dinner event to mark the anniversary of the lender in Lagos. Speaking at the Chairman’s Dinner held to commemorate the milestone in Lagos, Managing Director/Chief Executive Officer Paul Abiagam said...
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Nigeria Prizes 2026 Opens for AI, Poetry & Creative Arts

05.02.2026
The organisers of The Nigeria Prizes have announced the commencement of the 2026 competition cycle, highlighting artificial intelligence, information and communication technology, poetry, and documentary filmmaking. In a statement issued on Sunday, the organisers said the 2026 edition reinforces The Nigeria Prizes’ position as the country’s foremost platform for recognising excellence in science, innovation, literature...
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Cornerstone Insurance assures annuitants of stability

05.02.2026
Cornerstone Insurance Plc has assured annuitants of its financial stability and long-term capacity to meet pension obligations, reaffirming its commitment to trust, accountability and consistent service delivery to retirees across the country. This reassurance was delivered during the recently held Annuity Forum in Lagos, where the company’s Chief Executive Officer/Group Managing Director, Mr Stephen Alangbo,...
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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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