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Oil sector struggles as govt misses revenue target

25.11.2024
Latest Fiscal performance data from the Federal Government indicates that the oil sector is underperforming as it records a shortfall in revenue, SAMI TUNJI reports The Federal Government continues to grapple with the economic challenges posed by its underperforming oil sector, as the latest fiscal performance figures reveal a concerning shortfall in oil revenue. Despite...
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FG eyes 25,000 jobs from Lagos textile zone

25.11.2024
The Managing Director of the Nigeria Export Processing Zones Authority, Dr Olufemi Ogunyemi, has said the Lekki Textile and Garment Special Economic Zone project located in the Eyin-Osa area of Epe, Lagos State, will generate 5,000 direct and over 20,000 indirect jobs when operational. Ogunyemi made the remarks while disbursing cash compensation to the seven...
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Dangote refinery lowers petrol price to N970/litre

25.11.2024
The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. The PUNCH reports that this is the amount marketers would buy the product from the refinery. In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony...
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Morocco to launch gas pipeline tenders in 2025

25.11.2024
Barely three weeks after stating its commitment to push forward in the development of the African Atlantic Gas Pipeline project, Morocco has stated plans to launch tenders as part of the initial phases of the Nigeria-Morocco gas pipeline in 2025. A report by a local news outlet, Asharq Al-Awsat, on Sunday, said the new progress...
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Ogun commissioner seeks collaboration for urban development

25.11.2024
Collaboration and cooperation among ministries, departments, and agencies have been identified as essential to enhancing effective and efficient physical planning and urban development in Ogun State. The Commissioner for Physical Planning and Urban Development, Olatunji Odunlami, disclosed this at the 2024 Annual General Meeting of the Ogun State Chapter of the Nigerian Institute of Town...
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NIQS introduces cost databank for projects

25.11.2024
The Nigerian Institute of Quantity Surveyors is set to unveil a cost data bank aimed at improving project decision-making. The NIQS President, Kene  Nzekwe, announced this at a press conference recently, ahead of its Annual General Meeting. He added that the introduction of the cost databank is a key component of the Institute’s broader efforts...
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FCMB partners EStars on sports education

25.11.2024
First City Monument Bank is working with EStars to bring e-sports education to Nigerian schools. A statement from the bank said that the goal was to introduce Nigerians aged 7 to 14 across primary and secondary schools to essential skills for thriving in a digital world early in life. EStars launched its educational esports platform...
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AMCON seeks judicial support for debt recovery

25.11.2024
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria, Mr Gbenga Alade, has called on the judiciary to speed up the judicial process on AMCON-related cases within the 60 to 90-day timeframe stipulated by the AMCON Act. He said this is crucial to the corporation’s success in recovering billions of naira in outstanding...
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Calabar-Abuja superhighway strategic for transportation – FG

25.11.2024
The Federal Government says the Calabar-Abuja superhighway is strategic for boosting the transportation ecosystem in Nigeria, particularly along the economic corridors of the South-East and North-Central It disclosed this after signing the contract for the construction of Section I of the 118 85km Enugu/Abakaliki/Ogoja Highway (Africa Trans-Sahara route) cutting across Cross River, Ebonyi, Benue, Kogi,...
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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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