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Again, crude output drops amid global price crash

14.04.2025
As the world battles a global crude price crash, Nigeria’s average daily crude output has fallen again in March, threatening the nation’s budget. According to data released by the Nigerian Upstream Petroleum Regulatory Commission, the daily crude production figure was an average of 1.40 million barrels per day, down from 1.465 mbpd in February. The...
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FG to launch 77,400 housing units across 774 LGAs

14.04.2025
The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Renewed Hope Social Housing Programme will soon be launched in 774 local government areas by President Bola Ahmed Tinubu as part of initiatives to address the housing needs of Nigerians, regardless of class or income level. The minister made this known while...
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Delta Air Lines posts $14bn profit

14.04.2025
Delta Air Lines has announced its financial results for the first quarter of 2025, showing huge profits despite the challenging aviation ecosystem. The airline disclose this in a statement recently made available to journalists. The statement explained that Delta generated $14.0 bn in operating revenue for the first quarter, with operating income totalling $569m and...
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FG forms panel to assess economic impact of US tariffs

14.04.2025
The Federal Government has set up a subcommittee to assess the direct and indirect impact of the recent trade tariffs announced by the United States on Nigeria’s economy. According to a statement released on Friday by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, the Economic Management Team,...
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Fitch upgrades Nigeria’s rating on policy reforms 

14.04.2025
Fitch Ratings has upgraded Nigeria’s has upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating to ‘B’, from ‘B-‘ with a stable outlook. According to the rating commentary issued late Friday, “The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange...
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Fitch upgrades Nigeria on policy reforms

14.04.2025
Fitch Ratings has upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating to ‘B’, from ‘B-’, with a stable outlook. According to the rating commentary issued late Friday, “The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary...
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WiSolar offers flexible payment plans for power solutions

14.04.2025
WiSolar, a renewable energy company in Nigeria and South Africa, has offered flexible instalment payment options to provide energy solutions to customers. The company’s founder and Chief Executive Officer, Mr Tonye Irims, stated this in an interview with Sunday PUNCH. WiSolar, a climate tech company specialised in solar electricity, has been operating since 2016. Considering...
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Firm unveils African manufacturing training

14.04.2025
The Chief Executive Officer of Small-Scale Enterprise Lab, Adesola Jimmy-Eboma, has launched the second cohort of the Manufacturing Business Accelerator Programme to support aspiring African entrepreneurs. Jimmy-Eboma said in a statement that the programme is a 12-week virtual course to commence on April 20, 2025, and conclude with a business shower on July 17, 2025....
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Investors eye improved agro exports

14.04.2025
Stakeholders in Nigeria’s agriculture sector are optimistic about the kick-off of the Special Agro-Industrial Processing Zones, saying the initiative promises to improve agro-exports, boost food sufficiency and transform farmers into wealth creators. The Federal Government on Tuesday in Kaduna State launched the SAPZ programme’s first phase. According to a statement from the African Development Bank,...
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NCAA sets final deadline for airlines to pay fines

14.04.2025
The Nigerian Civil Aviation Authority has given defaulting airlines a one-week deadline to settle reviewed sanction fines, following delays in payments and appeals from several operators. This comes as the authority revealed it has revised some of the initial sanction amounts in light of new information and resolutions reached by the airlines. The NCAA told...
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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...

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04.10.2024
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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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