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Dangote, NNPC pledge collaboration for national growth

The President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, in Abuja. The high-level meeting, held at the NNPC Towers, focused on promoting mutually beneficial partnerships and fostering healthy competition between Dangote Petroleum...
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Customs target two-hour cargo clearance at Tincan Island

The Nigeria Customs Service, Tincan Island Command, said that the full implementation of the B’Odogwu System at the command will reduce cargo clearance to about two hours. Speaking with some journalists at the command on Thursday, the Customs Area Controller of the command, Frank Onyeka, said the application is glitch-free, hence would ease the difficulties...
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NCAA slams N3m fine on Kenya Airways

The Nigeria Civil Aviation Authority has sanctioned Kenya Airways with a N3m fine among other measures over the alleged maltreatment of Nigerian passengers. The NCAA gave the airline a seven-day ultimatum to refund and compensate the affected passengers. The NCAA spokesman, Michael Achimugu, disclosed the N3m fine to our correspondent on Thursday, after posting a...
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Nigeria taps additional $215m W’Bank loan for palliatives

The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m, The PUNCH reports. Checks by The PUNCH on Thursday on the World Bank’s official website revealed that the cumulative disbursement had increased from the earlier reported $315m in 2023 to...
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SEC unveils capital market technology survey

The Securities and Exchange Commission has unveiled a technology adoption assessment survey for registered capital market operators as part of efforts to deepen innovation and efficiency in the Nigerian capital market. In a circular issued by the Commission on Wednesday, the SEC stated that the exercise was designed to evaluate the level of adoption of...
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IMF confirms Nigeria’s full repayment of $3.4bn loan

The International Monetary Fund has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the COVID-19 pandemic. In a statement sent to journalists on Thursday on behalf of Mr Christian Ebeke, the IMF Resident Representative for Nigeria, the Fund said the...
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FG hails milestones of naira-for-crude deal

The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a high-level follow-up meeting of the Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative, held on...
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US helicopter firm may face criminal charges

The operators of the helicopter that claimed the life of former Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe, alongside his wife, son, and three others in February 2024, may soon face criminal charges in the United States, aviation industry operators and experts have confirmed. The helicopter, an Airbus EC130B4 operated by Orbic...
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Marketers warn FG against hasty fuel Import ban

Marketers have argued that Nigeria cannot ban fuel importation now, saying the country’s refining capacity is still low. The marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlet Owners Association of Nigeria said any ban on fuel importation now could trigger scarcity and a hike in...
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Betking unveils new casino game

Sports gaming platform BetKing has unveiled a street football-themed crash casino game, JJ BallX, while honouring former Super Eagles captain Austin “Jay-Jay” Okocha. According to a statement, BetKing recently launched the game in Lagos, paying tribute to Nigeria’s street football culture and the former Super Eagles captain, Okocha, who also inspired the central character, JJ,...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...