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Elumelu Increases UBA Stake with N43.9bn Share Purchase

04.06.2025
The Chairman of the Board of United Bank for Africa Plc, Tony Elumelu, has increased his stake in the bank with the acquisition of 1.27 billion shares valued at approximately N43.9bn on the Nigerian Exchange Limited. According to a notification of insider dealing filed with the NGX recently, the transactions were carried out between May...
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NIMASA Clarifies Recent Piracy Attack Didn’t Occur in Nigeria

04.06.2025
The Nigerian Maritime Administration and Safety Agency has stated that the recent piracy incident that took place in the Gulf of Guinea on May 30, 2025, occurred at coordinates 2°37’35”N, 6°46’47”E, approximately 75 nautical miles northwest of Santo Antonio Port, São Tomé and Príncipe, approximately 420 nautical miles away from southeast, Nigeria. NIMASA announced this...
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Riyadh Air, Air France-KLM Partner in Aviation Deal

04.06.2025
The newly launched national airline of Saudi Arabia, Riyadh Air, has signed a strategic Memorandum of Understanding with Air France-KLM, aimed at strengthening global connectivity between Europe and the Middle East. The agreement, signed during the 2025 IATA Annual General Meeting, focuses on building cooperation in key areas such as codeshare agreements, network development, and...
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FG Aims for Q4 Free Meter Rollout to Boost Power Access

04.06.2025
The Federal Government has announced plans to commence the full rollout of free electricity meters under the Presidential Metering Initiative by the fourth quarter of 2025, as part of efforts to close Nigeria’s long-standing metering gap and improve efficiency in the power sector. Speaking at the Day 2 session of the Nigerian Electricity Supply Industry...
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IATA Forecasts $36bn Aviation Profit for 2024

04.06.2025
The International Air Transport Association has projected $36bn net profits for airlines in the 2025 financial year, an improvement from the $32.4bn earned in 2024. This was contained in the 2025 Airline Industry Financial Outlook, signed by Willie Walsh, IATA’s Director General, and made available to journalists on Tuesday. IATA stated that the 3.7 per...
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Abuja Disco Refunds N241m Electricity Credit to Customers

04.06.2025
The Abuja Electricity Distribution Company has refunded electricity credit worth N241.45m to 9,823 customers across its franchise areas as compensation for billing irregularities and regulatory infractions committed between June 2024 and January 2025. The refunds, processed as energy credits, follow directives issued by the Nigerian Electricity Regulatory Commission in line with consumer protection guidelines under...
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Workers rights under global threat, warns ITUC report

04.06.2025
Workers’ rights are under unprecedented assault across the globe, according to the 2025 Global Rights Index by the International Trade Union Confederation, as labour protections continue to erode in the face of authoritarianism, conflict, and corporate influence. The report, unveiled at the start of the International Labour Conference in Geneva, paints a grim picture of...
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Pilot Inspires Girls to Pursue Aviation Careers

04.06.2025
Nigerian helicopter pilot Okechukwu Onuchukwu has expressed concern over the low representation of women in aviation, particularly piloting, calling for strategic interventions to bridge the gender gap in the sector. Onuchukwu spoke with our correspondent on the sidelines of a children’s enlightenment programme, where he charged female children to pursue careers in the aviation industry....
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Arik, NGO Partner on Heart Surgery for 150 Children

04.06.2025
A Nigerian domestic airline, Arik Air, says it has forged an alliance with a non-profit organisation, Hospitals for Humanity, to support the provision of free open-heart surgeries for approximately 150 Nigerian children each year. This was made known in a statement made available to The PUNCH over the weekend by the Public Relations Manager of...
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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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