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Shareholders back Otedola’s reforms, term EGM unnecessary

12.01.2025
The ongoing debate among some shareholders of FBN Holdings Plc over the proposed N350bn private placement has raised questions about corporate governance and transparency. However, some shareholders have defended the ongoing reforms under the leadership of the Chairman of FBN Holdings, Femi Otedola, dismissing calls for an extraordinary general meeting as unnecessary. Speaking to our...
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Govt budgets 53% more allocations to military retirees

12.01.2025
The Federal Government has proposed a 53 per cent increase in the 2025 budget allocations for military retirees following a series of protests over unpaid entitlements. Findings by The PUNCH showed that the total allocation for military pensions is set to rise from N221.66bn in 2024 to N338.90bn in 2025, reflecting an effort to address...
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BPSR partners firm on public service reforms

11.01.2025
The Federal Government through the Bureau of Public Service Reforms has partnered with Niche Customer Experience Consulting Firm to boost Nigeria’s public service delivery. The agreement was formalised on Thursday at the signing of a Memorandum of Understanding between the Bureau of Public Service Reforms and the consulting firm in Abuja. The partnership is aimed...
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Jos Disco blames poor power supply on low allocation

11.01.2025
The management of Jos Electricity Distribution Company has announced a temporary reduction in load allocation due to limited power supply from the national grid “We regret to inform you that load shedding has increased since yesterday due to limited power supply allocation from the national grid,” the Head of Corporate Communications for the firm, Saratu...
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Marketers, oil firms sign deal to build 50,000bpd refinery

11.01.2025
Nigeria’s effort to boost its refining capacity seems to be paying off, as petroleum product retailers signed a deal with three oil companies to establish a 50,000 barrels per day capacity refinery. On Wednesday, the Petroleum Products Retail Outlet Owners Association of Nigeria signed an agreement with Claridge Petroleum Company Ltd, Oasis Petrochemical Products Limited,...
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LGs to benefit from SEC borrowing framework

11.01.2025
The Securities and Exchange Commission has announced plans to strengthen its regulatory framework for borrowing by both government and corporate entities, with an emphasis on ensuring financial sustainability in key sectors. This move comes amid the Supreme Court ruling mandating direct subventions from the federal government to all 774 local government areas. In a statement...
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Chinese bank supports Kano-Kaduna railway with $254m loan

11.01.2025
The China Development Bank has announced the approval of a $254.76m (€245m) loan to support the Kano-Kaduna railway project in Nigeria. According to information released on its website on Tuesday, the financial backing is expected to ensure the seamless continuation of the construction work. It said on its website, “China Development Bank released on Tuesday...
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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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