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Electricity subsidy to hit N2.4tn by year-end

30.11.2024
The Federal Government, through its Nigerian Electricity Regulatory Commission, has declared that it would spend about N2.4tn on power subsidies before the end of this year. NERC’s Commissioner of Planning, Research, and Strategy, Dr Yusuf Ali, disclosed this at the PwC’s Annual Power and Utilities Roundtable, themed ‘Reigniting Hope in Nigeria’s Electric Power Sector,’ in...
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FG approves licence for 27,000 barrels refinery

30.11.2024
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. It said the facility will...
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Cement production key to Nigeria’s emission crisis – GBCN

30.11.2024
The President of the Green Building Council of Nigeria, Danjuma Waniko, has highlighted cement production and the building sector as major contributors to Nigeria’s greenhouse gas emissions. Speaking at the GBCN workshop in Abuja on Thursday, Waniko emphasized the need for targeted actions to address these issues, which he described as central to the country’s...
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Aig-Imoukhuede Foundation unveils public leaders programme

30.11.2024
The Aig-Imoukhuede Foundation has launched the fourth cohort of the AIG Public Leaders Programme. This initiative done in partnership with the Blavatnik School of Government, University of Oxford has empowered 169 public sector leaders since 2021 advancing the Foundation’s mission to train 3,000 public sector leaders by 2030, equipping them with the essential skills to...
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FG unveils unmanned aerial vehicles lab

30.11.2024
The Federal Government has launched the Advanced Unmanned Aerial Vehicles Laboratory, a facility designed to drive innovations in drone technology aimed at enhancing national security and agricultural productivity. The ceremony, held in Abuja on Thursday, was attended by top officials in the space and technology sectors, including the Minister of Innovation, Science and Technology, Chief...
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MoneyMaster provides data bundles to customers

30.11.2024
MoneyMaster Payment Service Bank has offered data bundles to its customers on every transaction. The PSB in a statement on Thursday said the launch of the 100MB data offer for new customers is an initiative designed to incentivise the unbanked and underbanked population to ease the creation of their mobile wallet via its USSD banking...
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Accion MfB highlights digital lending impacts on SMEs

30.11.2024
The seventh edition of the Financial Inclusion Seminar of Accion Microfinance Bank will explore the impact of rising digital lending on the informal sector. This year’s event with the theme, ‘Digital Lending: A Path to Financial Inclusion or a Barrier for the Informal Sector?’ is scheduled to be held virtually. Via this platform, Accion MfB...
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CITN urges inductees to uphold tax ethics

30.11.2024
The 16th President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has highlighted the role of the new inductees in upholding the values and ethics of the tax profession. Agbeluyi gave the charge at the 51st Induction Ceremony of the Chartered Institute of Taxation of Nigeria, held...
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Vitafoam, others lead NGX to N306bn gain

29.11.2024
The Nigerian Stock Exchange ended Thursday’s trading session with a market capitalisation of N59.3tn, following a gain of N306bn. The rally was driven by performances from top gainers such as Vitafoam Nigeria, Aradel Holdings, and FTN Cocoa Processors, which spurred investor confidence across various sectors. Data from the exchange reveals that a total of 632,741,250...
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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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