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Transport ministry plans 57% of budget for Lagos railway

31.12.2024
The Federal Ministry of Transportation has allocated 57 per cent of its 2025 budget to the Lagos Green Line Rail Project, a development that triggered criticism. The allocation made Nigerians question how the ministry will manage other critical transportation projects when such a significant portion of its budget is to be channelled into a single...
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Telcos fear shutdown, insist on tariff hike

31.12.2024
Nigerian telecom operators have sounded the alarm over the consequences of delaying a tariff review beyond the first quarter of 2025, warning that inaction could jeopardise the sector’s growth, operational stability, and contribution to the economy. For the first time in over a decade, operators have consistently called for a tariff adjustment this year, citing...
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CBN, SEC approve FCMB Group’s rights offer

31.12.2024
The Central Bank of Nigeria and the Securities and Exchange Commission have approved the N147bn rights offer of FCMB Group. This was disclosed in a statement issued on Monday which was signed by the Company Secretary, Olufunmilayo Adedibu. This marked the second approval from the CBN in days on the first tranche of capital-raising exercise...
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Nigeria gets W’Bank $1.5bn for subsidy removal, tax bills

31.12.2024
The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies, The PUNCH reports. The loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements Nigeria has received...
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Telcos threaten service cuts over rising costs

31.12.2024
Telecommunications operators in Nigeria have warned that service disruptions are imminent unless tariffs are adjusted to account for escalating operational costs. The Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, issued the warning in a statement on Monday. Adebayo described the telecom sector as “under siege,” citing soaring operational costs driven...
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Anxiety over Kyari’s tenure as NNPC GMD

31.12.2024
There is growing anxiety over the expiration of the tenure of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and the possible appointment of a new helmsman to direct the affairs of the oil giant. Some industry watchers believe that the NNPCL boss, who turns 60 on January 8,...
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AfreximBank advocates empowerment opportunities for youths

31.12.2024
The African Export-Import Bank has intensified the push for more empowerment opportunities for youths in Africa, insisting that the future and relevance of the continent in global socio-economic discussions lies in its youths. President of the Bank, Benedict Okey Oramah, stated this at the 5th edition of the youth summit organised by Grand Africa Initiative,...
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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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