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Protect power consumers, expert urges govt

As Nigerians await an imminent increase in the cost of electricity, an energy expert and founder of PUTTRU, the frontline platform facilitating energy investments in Africa, Monica Maduekwe, has outlined the steps the Federal Government needs to take to cushion the effect of the “inevitable” increase on the consumers. Speaking during a press interview, Maduekwe...
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VFD invests N5bn in VBank for digital banking

VFD Group has injected N5bn into its subsidiary, VFD Microfinance Bank, also known as V Bank, in a move aimed at strengthening the digital bank’s operations. In a statement to the Nigerian Exchange and the investing public on Wednesday, VFD Group said the investment was approved by its Board of Directors through a written resolution...
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UPDC reports 509% profit growth

UPDC PLC has reported a 509 per cent increase in profit after tax for the year ended December 31, 2024. The company posted a profit of N1.35bn, up from N221.51m in 2023. According to the company’s financial statements for the period ended December 31, its revenue surged to N11.93bn, up from N5.34bn recorded in the...
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Dangote, NNPC defend petrol grades

The Dangote refinery and the Nigerian National Petroleum Company Limited maintain their products are of high quality as a viral video triggered discussions about the standard of petroleum products sold to Nigerians at filling stations. While the NNPC said it has never imported substandard petrol into the country, the Dangote Refinery insisted that its premium...
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Customs partner NPA to boost port efficiency – Punch Newspapers

The Comptroller-General of Customs, Adewale Adeniyi, has emphasised the importance of collaboration between the service and the Nigerian Ports Authority in enhancing the efficiency and competitiveness of Nigerian ports. In a statement on Tuesday, Adeniyi, who stated this during a courtesy visit to the NPA Headquarters recently, noted that the success of the NCS is...
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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...