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New Viathan CEO pledges reliable power solutions

17.01.2025
New Chief Executive Officer of Viathan Group, Lekan Adekeye, pledges reliable power solutions, adding that his focus will be on furthering the company’s mission of providing reliable energy solutions while exploring emerging opportunities in the energy sector. Adekeye made this pledge while speaking on his appointment as the CEO of Viathan Group, an integrated energy...
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FG seeks enhanced security for power installations

16.01.2025
The Minister of Power, Adebayo Adelabu, has urged security agents to intensify efforts to protect Nigeria’s power assets, particularly from the growing threat of vandalism. Speaking recently at the National Assembly, where he appeared to defend the ministry’s 2025 budget, Adelabu highlighted the critical need for comprehensive advocacy to combat the increasing acts of vandalism...
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Nigeria’s oil rig count now 32 – NUPRC

16.01.2025
The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance before the Senate Committee on Appropriation. Komolafe said the rig count doubled under the commission’s oversight, from 16 in 2021 to 32 as of 2024. The chief...
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Nigeria earned N50tn from crude oil in 2024 –Report

16.01.2025
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by The PUNCH revealed. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, confirmed that Nigeria produced a total of 408,680,457 barrels of crude oil in 2024. A January 9, 2025 report by Statista Research Department, a global...
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Uncertainty over inflation data as NBS website hack lingers

16.01.2025
The National Bureau of Statistics, Nigeria’s key agency for data dissemination, is still reeling from a cyberattack on its official website, which occurred on December 18, 2024. As of January 14, 2025, the website remains inaccessible, raising doubts over the timely release of its much-anticipated Consumer Price Index and inflation data, typically published on the...
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Telecom tariff hike: Huge financial burden on Nigerians

16.01.2025
The tariff hike in Nigeria’s telecom sector has sparked widespread debate about its potential impact. While telecom operators argue that the increase is essential for business sustainability, many Nigerians fear it will worsen their already strained finances. TEMITOPE AINA writes Telecommunication tariffs in Nigeria have long been considered affordable, particularly when compared to other sectors...
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Nigeria may sell stake in Savé sugar company

16.01.2025
Nigeria’s Minister of State for Industry, Trade, and Investment, John Enoh, has announced that the Nigerian government may consider selling its equity stake in the Savé Sugar Company if efforts to find a suitable investor to revive the struggling facility do not materialise. Enoh stated this in a statement on Wednesday, following his visit to...
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Real estate firm revenue rises to N783.88m

16.01.2025
SFS Real Estate Investment Trust Fund has reported a growth in its revenue reserve, which increased by 32 per cent to N783.88m in December 2024, up from N593.57m recorded in December 2023. The fund’s total income for the year was N554.91m, representing a rise from N395.42m in 2023. The growth in income was driven by...
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NNPCL remitted N10tn in 2024 – Kyari

16.01.2025
The Nigerian National Petroleum Company Limited has announced that it remitted N10 trillion to the Federation Account as of September 2024. NNPCL Group Chief Executive Officer, Mele Kyari, revealed this during a budget defence session before the Joint Committee of the Senate and House of Representatives in Abuja on Wednesday. He explained that the N10tn...
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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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