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WCO Applauds Nigeria’s Customs Reforms for Trade Efficiency

28.01.2026
The Secretary-General of the World Customs Organisation, Ian Saunders, has described Nigeria’s Time Release Study as a practical and evidence-based reform capable of strengthening border efficiency, boosting trade competitiveness within trade corridors in Africa, and enhancing national safety. In a statement on Tuesday by the National Public Relations Officer of the service, Abdullahi Maiwada, Saunders...
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Imported Petrol Cheaper as Dangote Petrol Price Increases

28.01.2026
The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers Association of Nigeria show that the landing cost of imported petrol was N728.88 per litre...
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FG Begins N4tn Power Sector Debt Settlement with New Bond

28.01.2026
The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond, which reportedly recorded 100 per cent subscription, was issued in Lagos on Tuesday, attracting interest...
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States Get Deadline for Contract Publication Under W’Bank Sc

28.01.2026
The World Bank–assisted Human Capital Opportunities for Prosperity and Equity Programme of the Federal Ministry of Budget and Economic Planning has directed state governments to publish contract award information for basic education and primary healthcare procurements within 30 days after the end of each quarter. The National Coordinator of the HOPE-GOV Programme, Assad Hassan, disclosed...
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Nigerian Firms Secure $2.5B in World Bank Deals, Rank 5th

28.01.2026
The World Bank has revealed that Nigerian companies have emerged as one of the biggest beneficiaries of development procurement globally, ranking fifth worldwide in contracts awarded to local contractors. This was disclosed on Tuesday at the World Bank Group Business Opportunities Seminar held in Lagos. Speaking at the event, the Vice President, Operations Policy and...
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IATA Warns Airlines of Rising Legal & Regulatory Pressures

28.01.2026
The International Air Transport Association has raised concerns over mounting legal and regulatory risks confronting airlines globally, as it announced plans to hold the 2026 World Legal Symposium in Warsaw, Poland. The symposium, scheduled for 17 to 19 February and to be hosted by LOT Polish Airlines, will focus on “Liability in a Changing World’’,...
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Workers Cite Marginal Pay Rise

28.01.2026
Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with many stating that the increases are marginal and insufficient to meaningfully alleviate economic pressures. According to The PUNCH, the new tax reform laws introduce several adjustments to the PIT...
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Nigeria, UAE Sign Trade Deal to Waive Product Tariffs

28.01.2026
The Federal Government signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates to remove tariffs on some products. A member of the Governing Board of the North East Development Commission, Rep. Sam Onuigboin, in an interview with the News Agency of Nigeria in Abuja on Tuesday, said that the game changer in Abu...
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FG’s N501bn power sector bond records full subscription

28.01.2026
The Federal Government has announced that its N501 billion inaugural tranche under the Presidential Power Sector Debt Reduction Programme has recorded 100 per cent subscription from investors. The development was disclosed in a statement issued on Tuesday by the Special Adviser to the President on Energy, Olu Verheijen. According to the statement, the bond issuance,...
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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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