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Lagos-Calabar highway: FG signs deal to attract foreign investments

27.02.2025
The Federal Government, through the Ministry of Works, has signed the Engineering, Procurement, Construction, and Finance contract for the Lagos-Calabar Coastal Highway Project with Messrs. Hitech Construction Company Nig. Ltd. This contract allows the contractor, in collaboration with the Federal Ministry of Finance, to secure foreign investment for the project, a statement by the works...
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Transcorp eyes 25% electricity market share

27.02.2025
Transcorp Power Plc has announced plans to increase its share of electricity generation in Nigeria to 25 per cent, up from its current 12 per cent. The company’s Chairman, Mr Emmanuel Nnorom, disclosed this in Abuja on Tuesday during its Annual General Meeting, where he outlined the company’s targets for growth in the nation’s power...
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Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans

27.02.2025
The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25bn over three years, reflecting a...
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Royal Power promises low-cost energy solutions

27.02.2025
Royal Power and Energy Limited has pledged to provide low-cost renewable electricity to Nigerians. The Chief Executive Officer of the company, Wale Odugbesan, said the company would sell energy to Nigerians at costs below the N225 per kilowatt-hour Band A tariff. Speaking at a press briefing yesterday, Odugbesan disclosed that Royal Power now installs solar...
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Freight forwarding should be regulated – Group

27.02.2025
The National Association of Government Approved Freight Forwarders has urged the Council for the Regulation of Freight Forwarding in Nigeria to regulate the profession to ensure that only professionals are involved in clearing processes at the ports. Members of NAGAFF made this observation on Tuesday in Apapa, Lagos, when they received the Register of CRFFN,...
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Customs agents to meet over 15% port tariff hike

27.02.2025
Licensed customs agents operating at the ports have concluded plans to meet and discuss the way forward as the Nigerian Ports Authority plans to implement the 15 per cent port tariff hike on March 1. The National President of the Association of Nigerian Licensed Customs Agents, Mr. Emenike Nwokeoji, said the association will soon meet...
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Terminal operator wins Pacesetter Award

27.02.2025
West Africa Container Terminal-APM Terminals Nigeria, has won the Special Economic Zones Industry Pacesetter Award organised by the Nigerian Economic Zone Association. In a statement on Wednesday, the terminal operators stated that the award was presented to WACT-APMT by the Managing Director of the Nigeria Export Processing Zones Authority, Dr. Olufemi Ogunyemi, at the 3rd...
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Digital payment fraud hits N52bn – Report

27.02.2025
The amount lost to fraud in Nigeria’s digital payments sector has surged by 350 per cent over the past five years, rising from N11.61bn in 2020 to N52.26bn in 2024, according to a recent report by the Nigeria Inter-Bank Settlement System. Despite the rise in financial losses, the report noted a 31 per cent decline...
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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
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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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