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Vandalised Abuja underground cable under repairs – TCN

13.02.2025
The Transmission Company of Nigeria has said that restoration efforts are ongoing on the underground transmission line that was damaged by vandals near Millennium Park in Abuja, three weeks after the incident. Recall that last month, the commission disclosed that vandals stole a 132-kilovolt underground cable that transports bulk electricity to its 132kV Central Area...
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Lokpobiri blames middlemen for exit of oil multinationals

13.02.2025
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that several multinationals left Nigeria due to what he called middlemanism. Lokpobiri stated this in Lagos on Tuesday at the opening of the Sub-Saharan Africa International Petroleum Conference organised by the Petroleum Technology Association of Nigeria. The minister emphasised that one of Nigeria’s...
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Nigeria got $52bn from Afreximbank, largest in Africa – Oramah

13.02.2025
Nigeria has received a cumulative disbursement of approximately $52bn from the African Export-Import Bank, making it the largest beneficiary of the bank’s trade and development financing across Africa. The President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah, disclosed this on Tuesday at the Afreximbank Annual Meetings 2025 Signing Ceremony in...
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Africa Energy Bank ready next month – Minister

13.02.2025
The much-awaited Africa Energy Bank will commence operations in March 2025, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has reiterated. Lokpobiri stated this yesterday at the opening of the Sub-Saharan Africa International Petroleum Conference organised by the Petroleum Technology Association of Nigeria. According to him, the building hosting the bank is receiving...
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Customs suspends implementation of 4% FOB charge

13.02.2025
The Nigerians Customs Service has suspended the implementation of the widely criticised four per cent Free-on-Board value on imports. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed the latest development on Tuesday in Abuja. The amount, as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act 2023, has already...
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Govt must respect trade union rights – NECA

13.02.2025
The Nigeria Employers’ Consultative Association on Tuesday called on the Federal Government to uphold trade union rights in line with international labour standards, emphasising that proscribing unions would set a dangerous precedent. Speaking at a press briefing ahead of the Labour Adjudication and Arbitration Forum scheduled to commence on February 13, 2025, in Abuja, NECA’s...
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Transcorp Power declares N3.50 dividend

13.02.2025
Transcorp Power Plc has announced a final dividend of N3.50 per share for the financial year 2024, reflecting its strong performance within the period. According to the corporate action calendar for upcoming dividend payments, the qualification date for shareholders entitled to the dividend is February 11, 2025, while the register will close between February 12...
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Afrijet starts Nigeria-Gabon flight

12.02.2025
AFRIJET has launched its first-ever flight from Libreville, Gabon, to Port Harcourt, Nigeria, in a significant move to strengthen regional connectivity. This, according to Afrijet, marks a new chapter in the airline’s expansion strategy, providing a direct link between Libreville, Gabon, and Port Harcourt, Nigeria, two crucial hubs for the oil and gas industry. This...
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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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