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Nigeria Crude Oil Exports: N12.96tn in Q1 2025

15.06.2025
Oil producers exported crude oil and other petroleum products worth N12.96tn in the first quarter of 2025, even as domestic refineries continue to suffer from poor feedstock supply, The PUNCH reports. This is despite the slow implementation of the Domestic Crude Supply Obligation and the Domestic Crude Refining Requirement, which aim to ensure sufficient crude...
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BOI’s Impact Fund Boosts Nigerian Entre

15.06.2025
The Managing Director and Chief Executive Officer of the Bank of Industry, Olasupo Olusi, has disclosed that the bank is set to unveil an Impact Fund and a Youth Bank to support enterprise development and drive youth-led industrialisation across Nigeria. Speaking during the recent inaugural Innovation and Entrepreneurship Development Annual Lecture organised by Obafemi Awolowo...
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Nigeria to Revoke Dormant Oil Licenses

15.06.2025
The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’ policy. The Chief Executive of the NUPRC, Gbenga Komolafe, disclosed this when he received a delegation from the Independent Petroleum Producers Group at the commission’s headquarters in Abuja recently. According to a statement by the...
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IPPG, NUPRC Boost Nigeria’s Output

15.06.2025
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has reiterated the Commission’s dedication to creating an enabling business environment, regulatory reforms and boosting investors’ confidence. A statement signed by the spokesperson for the NUPRC and made available to PUNCH Online on Friday, stated that Komolafe made this known when he recently...
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Nigeria’s Manufacturers Blame High Interest Ra

14.06.2025
The Manufacturers Association of Nigeria has decried the high interest rates by banks as manufacturing exports crashed from the last peak of N1.04tn in the third quarter of 2024 to N294.43bn in Q1 2025, representing a N746.38bn plunge. Foreign trade data from the National Bureau of Statistics show that manufacturing export value in Q1 2025...
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Nigeria Needs Stricter Rules, Not Trade –

14.06.2025
The Cocoa Farmers Association of Nigeria has called on the Federal Government to adopt a strict regulatory model for the proposed National Cocoa Management Board, warning that government involvement in cocoa sales inhibits the sector. In a phone interview with The PUNCH, President of CFAN, Adeola Adegoke, said the cocoa industry growth in Nigeria has...
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NIMN 2025 Summit: Championing ESG Practices

14.06.2025
The National Institute of Marketing of Nigeria has stated that it will champion environmental, social, and governance practices at its 2025 Annual Marketing Conference and Annual General Meeting. Speaking at a press conference on Tuesday in Lagos, the Registrar of the NIMN, Patience Sado, said the marketing institute focused on ESG because it wants to...
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African Cinema Spotlight: Del-York & Tribeca Partner

14.06.2025
The Del-York Group has sealed a landmark partnership with the Tribeca Film Festival to host the 2025 African Film Spotlight Event, an initiative to project African storytelling onto the global stage. In a statement, Del-York Group said the partnership is “a special landmark initiative created to elevate African storytelling and celebrate the continent’s creative excellence...
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Rite Foods Celebrates Nigerian Culture

14.06.2025
Rite Foods has committed to preserving Nigerian culture following its participation at the 2025 Ojude Oba festival, where it fed celebrants. The Head of Corporate Affairs and Sustainability, Rite Foods, Ekuma Eze, said that the company, which was one of the sponsors of the annual Ojude Oba celebration, fed over 21,000 guests and tourists who...
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Lagos Students Get Creative Skills Boost

14.06.2025
Marketing communications firm Nitro 121 has equipped secondary school students in Lagos with practical creative skills under its new initiative, ‘Fuelling Future Creatives’, as part of its corporate social responsibility. In a statement, Nitro 121 noted it engaged the students of Victory Grammar School and Victory High School, both in Ikeja, in a one-day creative...
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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...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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