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NNPC confirms successful oil discovery in the Niger Delta

27.01.2026
The Nigerian National Petroleum Company Limited has congratulated Chevron Nigeria Limited (on the successful completion of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta. Chevron Nigeria Limited operates the asset under the NNPC Ltd/CNL Joint Venture. The Awodi-07 well was drilled as part of the Joint Venture’s efforts to further...
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Private sector leads Nigeria’s pension contributions to N1.3

27.01.2026
Total pension contributions reached N1.318tn in the first three quarters of 2025, according to data from the National Pension Commission, driven primarily by stronger inflows from the private sector. An analysis of PenCom’s quarterly reports shows total pension contributions for the first three quarters of 2025 neared the N1.368tn recorded for all of 2024. They...
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How Inflation Wiped N2.8tn From Workers’ Pay in Nigeria

26.01.2026
The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out gains from higher nominal pay, data from the Central Bank of Nigeria show. According to the CBN’s Gross Domestic Product by Expenditure and Income data at 2010 constant purchasers’ prices, the...
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Nigeria’s New Tax Law Tackles Double Taxation & More

26.01.2026
The Federal Government has outlined fresh measures to curb double taxation, expand the tax net, and strengthen compliance under Nigeria’s new tax laws, according to a Frequently Asked Questions report obtained by The PUNCH on Sunday. The document, issued by the Nigeria Revenue Service, provides detailed clarifications on key provisions of the new tax framework,...
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Port Modernisation in Nigeria: Key to Economic Expansion

26.01.2026
Port modernisation is vital for economic expansion and trade competitiveness in Nigeria and Africa, says the Nigerian Ports Authority Managing Director, Dr Abubakar Dantsoho, who was recently appointed the IAPH Regional Vice President for Africa, in this interview with OKECHUKWU NNODIM and selected senior journalists Can you briefly explain the role of the NPA and...
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US Exports to Nigeria Jump 60% Amid Trump Tariff

26.01.2026
The United States recorded a $1.45bn goods trade surplus with Nigeria in the first 10 months of 2025, reversing a deficit position from the previous year, as US exports to Nigeria surged while imports from Nigeria declined, the latest US trade data show. Figures from the US Census Bureau indicate that between January and October...
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Paypaxe Targets Payroll Automation for Nigerian Businesses

26.01.2026
The founder of the fintech firm Paypaxe, Belema Mary Maxwell, says the company is focused on helping Nigerian businesses navigate salary payments, statutory deductions, and regulatory filings amid tighter enforcement of tax rules. Speaking at the company’s launch in Abuja on Sunday, Maxwell said the platform’s immediate focus was to help businesses gain clarity on...
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LIRS to enforce tax recovery from banks and employers

26.01.2026
The Lagos State Internal Revenue Service has announced that it will enforce its statutory powers to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, debtors, tenants, and business partners. This is contained in a public notice dated January 21, 2026, and sighted by our correspondent on the LIRS website on Sunday....
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Sahara Group Boosts Circular Economy with Recycling Hub

26.01.2026
Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 17th Sahara Go Recycling Hub in Ibeju-Lekki, Lagos State, reinforcing its commitment to sustainable waste management, environmental protection, and community empowerment across Nigeria. The Sahara Go Recycling Initiative promotes a circular economy by diverting recyclable waste from landfills, improving resource recovery,...
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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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