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NNPCL raises petrol pump price to N950/litre

03.04.2025
After initial hesitation, the Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja. The new price regime, effective from April 2, 2025, represents an increase of N65 from the previous price of N860 per litre in...
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RMB promotes investment opportunities via roadshows

03.04.2025
Corporate and investment bank in Africa, Rand Merchant Bank, conducted a series of high-level meetings in Abuja as part of its West Africa investor roadshow. According to a statement from the investment bank on Tuesday, these meetings involved institutional investors, asset managers, and senior government officials, focusing on Nigeria’s macroeconomic landscape and investment prospects. Investment...
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Net FX reserves surged to $23.11bn in 2024 – CBN

03.04.2025
Nigeria’s net foreign exchange reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years, according to the Central Bank of Nigeria. In a press statement on Tuesday, the apex bank noted that this represents a significant jump from $3.99bn recorded at the end of 2023, $8.19bn in...
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Dollar squeeze forces Nigerians to explore alternative migration routes

03.04.2025
Nigeria’s foreign exchange impasse is reshaping migration patterns, with many aspiring emigrants reconsidering moves to traditional tier-one countries like the US, UK, and Canada. As migration costs soar and visa regulations tighten, alternative destinations in Europe—such as Portugal, Finland, Hungary and Sweden—are gaining appeal due to lower visa requirements, a cheaper cost of living, and...
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Air Peace prioritises London routes expansion

02.04.2025
Air Peace has put its plans for U.S. routes on hold as it focuses on expanding and strengthening its operations on the London route. Speaking on the airline’s current strategy, Head of Corporate Communications Ejike Ndiulo emphasised the importance of consolidating gains on these routes before expanding further. “What we are working on now is...
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Passenger demand grows 6.7% in Africa – IATA

02.04.2025
The International Air Transport Association has said African airlines saw a 6.7 per cent year-on-year increase in demand in February 2025 when compared to the same period in 2024. IATA also said that global total demand, measured in revenue passenger kilometres, grew by 2.6 per cent compared to February 2024, while total capacity, measured in...
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Green Africa buys aircraft after alleged planes seizure

02.04.2025
Barely 24 hours after Green Africa was grounded following the retrieval of all its three aircraft by its lessor, ACIA Aero Leasing, the airline, in collaboration with Access Bank, has procured an aircraft. The airline made this known through a statement signed by its media officer, Omolara Kehinde, and made available to our correspondent on...
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LOXEA introduces electric vehicles to Nigerian market

02.04.2025
LOXEA Nigeria, a subsidiary of CFAO Mobility, has introduced electric vehicles to the Nigerian market, marking a significant milestone in the country’s move towards sustainable mobility. The introduction of electric vehicles by Build Your Dreams auto company is projected to position LOXEA at the forefront of promoting innovative electric vehicle solutions across Africa. This was...
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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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