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Dangote, IPMAN sign 240m litres monthly petrol deal

18.11.2024
The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly,...
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FG to spend N6.5tn, says MTEF

18.11.2024
The Federal Government has indicated that its spending on personnel costs will increase by at least 60 per cent in 2025. It said this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service. Checks by our correspondent showed that N4.1tn was budgeted...
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Ecobank wins Deutsche Bank award

18.11.2024
Ecobank Nigeria, an affiliate of Ecobank Group, has won the Client Excellence Award for outstanding performance in institutional cash management for the previous year by Deutsche Bank AG. During the award presentation in Lagos, the Chief Country Representative of Deutsche Bank AG, Corporate Bank, Andreas Voss, congratulated Ecobank for the recognition. In a statement from...
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Stakeholders plan capital raise to tackle W’Africa challenges

18.11.2024
Stakeholders at the 2024 West Africa Deal Summit have committed to enhancing collaboration in mobilising capital to address the sub-region’s unique socioeconomic challenges. The two-day event attended by over 500 investors, entrepreneurs, government representatives, and thought leaders, focused on building innovative financing mechanisms and was convened under the theme, ‘Actions to Deepen Catalytic Capital in...
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NACCIMA to boycott investor’s forum over legitimacy concerns

18.11.2024
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on Nigerian businesses, government officials, and other stakeholders to boycott the Nigeria-India Investor’s Forum and Business Expo, scheduled for November 17-18, 2024. The PUNCH learned NACCIMA filed a petition to the Minister of Foreign Affairs, Yusuf Tuggar, on November 17 describing the...
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Disco blames load rejection on underpayments by customers

18.11.2024
The acting Managing Director/CEO of the Abuja Electricity Distribution Company, Chijioke Okuwuokenye, has stated that the burgeoning debts and electricity overloading are some of the reasons why power distribution companies reject electricity from the national grid despite blackouts in many communities. He stated that the problem is worsened by the prevailing culture in Nigeria, where...
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LASAA launches 2025 mobile advert permit

18.11.2024
Lagos State Signage and Advertisement Agency has launched its 2025 Mobile Advert Permit, featuring a QR Code secured by encryption for all branded vehicles operating within the State. Speaking at the QR Code launch ceremony in Lagos, the Managing Director and Chief Executive Officer of the agency, Fatiu Akiolu, stated that the Mobile Advert Permit...
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Firm secures $1.6m equity funding to boost energy access

18.11.2024
Winock Solar, a Nigerian solar branding and distribution company, has announced the acquisition of $1.6m in equity funding from Acumen Fund Inc. and All On Partnerships for Energy Access. In a statement on Sunday by Winock Solar’s PR & Communications Officer, Elizabeth Adenipekun, it was noted that the investment aims to empower low-income earners and...
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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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