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Nigeria will never stop fossil fuel production, says Lokpobiri

05.12.2024
As the call for energy transition intensifies, the Nigerian government has vowed not to ever stop fossil fuel production. The Minister of States for Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Wednesday at the Practical Nigerian Content Forum organised by the Nigerian Content Development and Monitoring Board in Bayelsa State. According to Lokpobiri, the...
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Naira devaluation raises foreign debt by N30tn – Report

05.12.2024
Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an analysis by The PUNCH showed. Despite a reduction in the country’s debt when measured in US dollars, the exchange rate shift has made Nigeria’s foreign obligations far more costly in local currency. Data from the...
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Expert urges transition from crude to hydrogen fuel

05.12.2024
A Nigerian energy expert from the University of Chinese Academy of Sciences, Joshua Bolarin, has called on the Federal Government and private sector to explore hydrogen fuel production as a sustainable solution to the country’s energy challenges. In a statement, Bolarin emphasised the need to harness Nigeria’s abundant solar energy to produce hydrogen, a clean...
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INTELS empowers 62 women

05.12.2024
Nigeria’s oil and gas logistics company, INTELS Nigeria Limited, said it had graduated 62 beneficiaries of its Women Empowerment Project Scheme Synergy, bringing the total beneficiaries to 2,047 since the programme was initiated in 2013. In a statement on Wednesday, the company said it also donated 500 garments designed by the graduating class to its...
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NSITF, BPP partner to empower SMEs

05.12.2024
Nigeria Social Insurance Trust Fund and the Bureau of Public Procurement have announced a series of strategic initiatives to foster the growth and development of Small and Medium Enterprises across Nigeria. This partnership was made known during a courtesy visit to BPP’s new Director General, Adebowale Adedokun, by NSITF’s Managing Director, Oluwaseun Faleye according to...
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Tax reform will boost economy – CITN

05.12.2024
The Chartered Institute of Taxation of Nigeria has expressed support for the tax bills, which are before the National Assembly, claiming that they would boost the economy. The support was expressed by the CITN President/Chairman of Council, Samuel Agbeluyi, on Wednesday during a workshop for tax and finance reporters in Lagos. The tax bills before the NASS have...
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Banks raise withdrawal limit to N50,000

05.12.2024
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day, findings by The PUNCH have shown. A survey conducted by our correspondent on Tuesday revealed that banks, including Guaranty Trust Bank and Zenith Bank, have increased the withdrawal limit, enhancing it from N5,000 that was allowed...
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Osun pledges support for diasporan investors

05.12.2024
Osun State Government has declared readiness to support indigenes of the state living in the diaspora willing to bring their investments into the state. The government also said those interested in taking their investments to the rural communities would benefit more from the business-friendly environment, security and stronger infrastructural amenities to enable them to break...
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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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