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Govt to regulate gas terminals, sets penalties

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is set to begin the monitoring and regulation of gas terminals, a major criterion in determining the price of Liquefied Natural Gas, also known as cooking gas. It said natural gas or its derivatives will no longer be evacuated from a terminal for...
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Continental Re opens entries for insurance journalism awards

Pan-African reinsurer, Continental Reinsurance Plc, has announced the launch of the 10th edition of the Pan African Re/Insurance Journalism Awards. In a statement made available to our correspondent, the company said the awards celebrate the efforts of journalists who highlight key issues and developments in the insurance industry across the continent. This is the longest-running...
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Wema Bank launches mobile app for teens

Wema Bank has launched a banking app, ALAT Xplore App, to empower teenagers with financial resources and the opportunities to give them a head-start towards financial responsibility. A statement from the bank indicated that the app targeted at teens aged 13-17 was unveiled at the official launch event in Lagos. The statement said the ALAT...
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PenCom plans incentives for informal sector

The National Pension Commission has said that it is working on plans to make the micro pension scheme attractive to self-employed professionals and other players in the informal sector. This was stated during the Special Day event of the National Pension Commission at the Lagos International Trade Fair which was held at the Tafawa Balewa...
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Rewane projects stronger naira in January

An economist, Bismarck Rewane, has projected that the naira will strengthen further in January 2025 compared to its current weak trading position. Rewane made this known during his monthly presentation at the Lagos Business School Executive Breakfast Session, which was themed ‘The Quadrangular Impact of the Trump Win on Nigeria’. In the past week, the...
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Adequate land management can reduce flood risks – Builders

The Building Collapse Prevention Guild has called for sustainable land management practices to reduce flood risks. This was disclosed in a statement tagged, “Erosion and Flooding Control: A Surveyors Perspective.” It stated, “Sustainable land management practices can help to reduce flood risks in Nigeria. These practices include soil conservation, terracing, contour farming, and crop diversification....
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Group advocates inclusive approach in FCT land allocation

The Housing Development Advocacy Network has voiced concerns over the recent allocation of over 200 acres of land in Abuja’s Phase 5 area for mass housing. In a briefing to journalists, HDAN Executive Director, Festus Adebayo, urged the Minister of the FCT, Nyesom Wike, to adopt a more inclusive, balanced approach that prioritises sustainable housing...
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Pelican woos diasporan investors at summit

A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,...
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FCMB offers N30m clean energy loans

First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan....
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600 traders get lawmaker’s N8m interest-free loan

The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...