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Petrol imports rise to 154m litres weekly

24.03.2025
Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23, Saturday PUNCH reports. According to a document obtained from the Nigerian Port Authority on Thursday, these vessels carrying 115,000 metric tonnes representing 154.22 million litres of PMS...
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Nigeria to repay $500m health loan in 25 years – W’Bank

24.03.2025
The Federal Government will begin repaying a $500m concessional loan secured from the International Development Association from 2029 to 2054. This is according to a financing agreement signed between Nigeria and the World Bank’s lending arm, which was obtained by Sunday PUNCH. The loan, which falls under the Nigeria Primary Healthcare Provision Strengthening (also referred...
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Edo gov signs electricity bill into law

24.03.2025
Edo State Governor, Monday Okpebholo, has assented to the Edo State Electricity Law 2025, promising energy independence and improved electricity supply in the state. The new law repeals the Edo State Electricity Law 2022. It establishes a structured framework for intra-state electricity generation, transmission, distribution, and regulation, setting the stage for a more reliable and...
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Apple TV+ losing over $1bn annually

23.03.2025
Apple Inc. is losing more than $1 billion per year on its streaming service, Apple TV+, according to a report by The Information on Thursday. The report revealed that the tech giant has been spending over $5 billion annually on content since launching Apple TV+ in 2019, though it trimmed this expenditure by approximately $500...
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FXTM sponsors Lagos cycling event

23.03.2025
FXTM has announced its sponsorship of the Lagos State Monthly Crit, a cycling event at Dolphin Estate, Ikoyi, Lagos. According to a statement from the sponsor on Thursday, the event, scheduled for Saturday, April 19, 2025 promises high-speed competition, endurance, and an atmosphere charged with excitement. At the event, riders will battle for supremacy across...
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Moneda, meCash unveil financing platform for SMEs

23.03.2025
A financial solutions provider, Moneda, has entered a strategic partnership with meCash to introduce Musa, a digital financing platform designed to support small and medium enterprises within the natural resources value chain, including energy, agriculture, and minerals. According to a statement from Moneda on Thursday, the deal was signed at a ceremony in Lagos, thus...
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Nigeria Food Summit holds in Lagos

23.03.2025
The second edition of the Nigeria Food Summit will take place in Lagos on Friday (today). In a statement on Thursday, the event led by renowned culinary expert Gbolabo Adebakin (aka Chef Gibbs) under the theme ‘Making Nigeria a Global Food Destination’ aims to elevate the country’s food sector to international recognition. The summit will...
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Expert advocates supply chain management in schools

22.03.2025
A supply chain management expert and managing partner at ADKO Investment Ltd, Yetunde Adeoye, has called for the inclusion of SCM courses in Nigerian high schools and universities. Speaking at a conference with Nigerian educators, Adeoye emphasised the need for early-stage awareness and structured academic programmes to address the knowledge gap and enhance career opportunities...
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Beneficiaries to get N400bn gas fund in two weeks – FG

22.03.2025
The Federal Government has said that it is going to provide another N400bn gas infrastructure fund to beneficiaries of the scheme in the next two weeks. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this during the ground-breaking ceremony of the 10MMSCF CNG Mother Station facility at Esit Eket Local Government Area of Akwa...
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MOFI raises N100bn from private investors for real estate

22.03.2025
The MOFI Real Estate Investment Fund has successfully raised N100bn from private investors in its fully subscribed Series 2 issuance, marking a significant milestone in mobilising private sector capital for Nigeria’s housing sector. The issuance is part of MREIF’s NGN250bn pilot fundraising, aimed at bridging the country’s housing finance gap. The announcement was contained in...
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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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