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Shell awards $1.98bn contracts to local companies

07.12.2024
Shell companies in Nigeria awarded contracts worth $1.98bn to local businesses in 2023, a three per cent increase from the previous year’s $1.92bn. The contracts, granted by Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company Limited, and Shell Nigeria Gas, aim to support the development of Nigerian content in the...
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Chevron’s $1bn spending boosts oil sector growth – MD

07.12.2024
Chevron’s annual spending of approximately $1bn on Nigerian suppliers is vital to the growth and development of the country’s oil and gas sector, according to the firm’s Managing Director of Nigeria and Mid-Africa, Jim Swartz. He disclosed this disclosure at the 2024 Practical Nigerian Content Forum. The forum, organised by the Nigerian Content Development and...
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FG pledges to meet 2025 oil production target

06.12.2024
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, has stated that the plan to produce 2.06 million barrels of crude oil per day in 2025 remains on course despite the 1.5mbpd oil production quota set by the Organisation of Petroleum Exporting Countries. This was as oil-producing countries confirmed their commitment to maintaining the...
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Power sector privatisation, total failure – Senate

06.12.2024
The Senate on Thursday declared that the privatisation of the power sector, done 11 years ago, was a total failure due to the lack of stable electricity supply nationwide. It consequently warned that it might propose legislative measures to repeal the policy. The Senate’s condemnation of the alleged failure of the power sector came to...
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Colgate unveils new ambassador

06.12.2024
Colgate-Palmolive has named actor Ali Nuhu as its brand ambassador for Northern Nigeria following the activation of the ‘Yanga with Your Smile’ campaign in Kano State recently. In a statement, Colgate noted that the market activation was aimed at raising awareness about oral hygiene and attracted Kano residents who participated in free dental checks. Colgate’s...
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LCCI cautions against tax reform bills’ rejection

06.12.2024
The Lagos Chamber of Commerce and Industry has called on Nigerians to thoroughly review the four tax reform bills submitted by President Bola Tinubu to the National Assembly. It emphasised the need for informed criticism instead of outright rejection. In a telephone interview with The PUNCH, the President of the LCCI, Gabriel Idahosa, underscored the...
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Advertising industry struggling despite festivity – AAAN

06.12.2024
Holiday season advertising is experiencing a slowdown, negatively impacting the sector as businesses tighten their budgets due to economic challenges. Advertising and business sector players revealed to The PUNCH in separate interviews that while some brands were making efforts to promote seasonal sales, the volume of campaigns pales in comparison to previous years. The President...
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Origin Tech partners Lagos on food hubs

06.12.2024
An agro-allied firm Origin Tech Group has partnered with the Lagos State Government to construct four additional middle-level food hubs to enhance food security and reduce costs in the state. In a statement, the Executive Chairman of Origin Tech Group, S.J. Samuel alongside Lagos State Governor Babajide Sanwo-Olu at the Lagos Central Food Security Systems...
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Stakeholders canvass investment in film industry

06.12.2024
Stakeholders in the financial and creative sectors have called for increased investment in the country’s film industry to unlock its economic growth and job creation potential. According to a statement, industry leaders at the maiden edition of the Africa Film Finance Forum held recently in Lagos emphasised the need for financing infrastructure to bridge critical...
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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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