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Nigerian Ports Activity Up 49.6%

Service boat operation in Nigeria recorded an exceptional 49.6 per cent increase in activity, with the number of boats handled growing from 8,956 in 2023 to 13,396 in 2024, reveals a report by the Nigerian Ports Authority. In the 2024 Consolidated Management Report of the NPA, the agency explained that the gross registered tonnage for...
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Assessing Four Years of the PIA

The Nigerian petroleum industry is set to witness a critical discussion on the progress and challenges of Host Community Development Trusts four years after the Petroleum Industry Act. First Fiduciary Limited, in collaboration with the Nigerian Upstream Petroleum Regulatory Commission, is hosting a high-level roundtable on July 16, 2025, in Lagos. The event, themed “Four...
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ENL Port Safety: Commitment to Operational Excellence

The management of ENL Consortium, operators of one of Nigeria’s busiest cargo terminals at the Lagos Port Complex, Apapa, has emphasised its unwavering commitment to safety, operational excellence, and emergency preparedness. This is even as the terminal debunked reports alleging that a cargo ship was gutted by fire at its facility on Saturday. On Saturday,...
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Blueprint Unveiled for West Africa

Determined to transform the maritime and blue economy landscape in West and Central Africa, the management of the Regional Maritime Development Bank, recently in Abuja, met with relevant stakeholders, including officials of the Federal Ministry of Marine and Blue Economy. Announcing this in a statement on Wednesday, RMDB explained that the meeting focused on aligning...
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90% of Employers Exclude Marginalised Groups

A new report by Jobberman Nigeria has revealed that nearly 9 in 10 employers in Nigeria exclude marginalised groups from their recruitment processes, highlighting a stark inequality in access to employment opportunities for the most vulnerable segments of the population. The report, presented at the Technology and Employment Inclusion in Marginalised Contexts Roundtable held recently...
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Market Soars on Bullish Trading

The Nigerian Exchange recorded a market capitalisation increase of N1.18tn on Wednesday, driven by investor optimism and corporate earnings, especially from Oando Plc. At the close of trading, the All-Share Index climbed by 1,466.87 points, representing a 1.22 per cent gain to close at 121,257.69. This marks a one-week gain of 3.83 per cent and...
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Oando Q1 Profit Surges 90.5% to N113bn

Oando Plc has posted a profit after tax of N113.06bn for the first quarter ended March 31, 2025, representing a 90.5 per cent increase from the N59.35bn reported in the corresponding period of 2024. This growth was largely driven by a tax credit of N165.62bn and a reversal of impairment losses amounting to N182.29bn, which...
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Air Peace Expands Fleet: New Embraer 190 Arrives

Air Peace has received its first Embraer 190 aircraft, strengthening its regional operations, with a second aircraft of the same type expected to arrive in July 2025. The newly arrived 118-seater aircraft, registered as 5N-CEF, touched down at the Murtala Muhammed International Airport in Lagos on Sunday. This marks the debut of the Embraer 190...
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World Bank Urges Policy Reform

The World Bank has warned that restrictive trade and investment policies adopted by many governments are threatening to choke off foreign direct investment, which remains critical to economic growth in Nigeria and other developing economies. In a report released ahead of the Conference on Financing for Development scheduled to take place in Seville, Spain, from...
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Green AC Line Launched in Nigeria

Somotex Nigeria Limited, in collaboration with the Federal Government, has commissioned a new production line for environmentally friendly air conditioners at its factory located at 1, Olorunfunmi Street, off Kudirat Abiola Way, Ojota, Lagos.  The new line, designed to manufacture air conditioners using R-32 refrigerant, is aimed at supporting Nigeria’s national climate and energy efficiency...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...