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Reps to probe N1.24tn Sukuk funds

28.03.2025
The House of Representatives on Wednesday resolved to probe Sukuk backed road projects valued at about N1.24tn raised In the past seven years (2017- 2024). The resolution of the House followed the adoption in plenary of a motion of urgent public importance sponsored by Nasarawa lawmaker, Mr Jonathan Gbefwi. Recall that the Federal Government has...
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MTN, Airtel plan cost reduction in network sharing deal

28.03.2025
MTN Group and Airtel Africa have signed a network infrastructure-sharing agreement in Nigeria and Uganda, aiming to reduce costs and expand mobile connectivity in underserved areas. Under the agreement, both companies will explore various models of network collaboration, including Radio Access Network sharing and fibre infrastructure partnerships. This could involve the construction of new fibre...
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Pharmaceuticals now exempted from import duty, VAT – Customs

28.03.2025
The Nigeria Customs Service has announced a two-year exemption from import duty and Value Added Tax for critical raw materials essential for the production of pharmaceuticals. The exemption, granted under a presidential executive order, was disclosed on Wednesday in a statement issued by the NCS National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada. Maiwada specified...
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Money supply dropped to N110.3tn in February – CBN

28.03.2025
Nigeria’s money supply recorded its first decline in 2025, falling to N110.32tn in February from N110.94tn in January, data from the Central Bank of Nigeria showed. The 0.56 per cent month-on-month drop comes amid continued efforts by the apex bank to manage liquidity in the system, following earlier signals of monetary tightening and foreign exchange...
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Petrol price hike looms as talks drag, imports rise

28.03.2025
The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of imported PMS has increased again, amid the recent rise in the importation of the commodity, The PUNCH reports. The surge in imported petrol is coming amid the Dangote refinery’s suspension of the sale of petroleum...
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Dangote still selling fuel in naira – PETROAN

28.03.2025
The Petroleum Products Retail Outlets Owners Association of Nigeria has confirmed that Dangote Refinery has not yet started selling petroleum products in dollars, despite earlier concerns. PETROAN President, Billy Gillis-Harry, said that despite talks of a possible suspension, the association had not been formally notified of any changes in fuel sales. “So as far as I...
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NNPCL set to sell shares

28.03.2025
The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released on Thursday...
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Review hike in data cost, Senate tells NCC, telcos

28.03.2025
The Senate on Wednesday called on the Federal Ministry of Communications, Innovation and Digital Economy to engage telecommunication operators to review the costs of data and other internet-related services for their subscribers. This resolution followed a motion on the ‘Urgent Need to Address the Increased Cost of Data Services in Nigeria’, sponsored by Senator Asuquo...
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Ogun residents, students decry prolonged power outage

27.03.2025
Residents and students of Ogun State say they have been living without stable electricity since 2024 without any explanation from their utility company, the Ibadan Electricity Distribution Company. From Abeokuta to Sagamu, Ipokia, Mowe-Ibafo, Ogun Waterside, Ijebu-Ode, Ilaro, Ado-Odo, and others, the complaints about blackouts continue with no end in sight. In the state capital,...
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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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