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Seplat completes $1.28bn purchase of Mobil Nigeria

14.12.2024
Seplat Energy Plc has finalised the $1.28bn acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a milestone in the company’s growth strategy. In Thursday’s release signed by the Chief Executive Officer, Seplat Energy Plc, Roger Brown, the energy company announced the completion of the transaction, having been approved by President Bola Ahmed Tinubu and...
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Imported petrol landing cost drops to N900/litre

14.12.2024
The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores, has seen a considerable reduction of N36, dropping to N900.28 per litre on Thursday, The PUNCH reports. According to the latest data released by the Major Energies Marketers Association of Nigeria, the landing cost dropped from around N936.75 per litre,...
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Oyebanji thrilled by flight operation approval for Ekiti airport

14.12.2024
Ekiti State Governor, Mr. Biodun Oyebanji is excited by the approval of the Nigeria Civil Aviation Authority for Ekiti Agro-Allied International Cargo Airport, Ado Ekiti, to begin non-scheduled flight operations effective from December 15, 2024. Reacting to the approval, the Ekiti State number one citizen described it as “a welcome development and a justification for...
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Pension fund assets hit N21.92tn in October – PenCom

14.12.2024
The National Pension Commission has disclosed that the total pension fund assets under the Contributory Pension Scheme have risen to N21.92tn as of October 2024, with contributions from 10.53 million registered participants. The commission further anticipates that the assets will surpass N22tn by the end of the year. The disclosure was made by the Director-General...
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Firm unveils calcium carbonate plant

14.12.2024
Manufacturing firm, Izedon Carbonates, has inaugurated its production plant in Lampese, Edo State, in a bid to bolster Nigeria’s non-oil revenue and reduce the importation of calcium carbonates. In a statement, Izedon Carbonates, trading as IzeCarb, said it put up a state-of-the-art facility, equipped with advanced automated machinery, the first of its kind in the country,...
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Best minds not contributing to economic growth – Ajumogobia

13.12.2024
Many of Nigeria’s brightest minds may be unable to contribute to the country’s economic growth, warned the pro-chancellor of Pan-Atlantic University, Odein Ajumogobia, decrying brain drain’s effects on the economy and calling on the government to implement restorative policies. As he recently addressed the 21st Convocation of PAU postgraduate students in Lagos, Ajumogobia noted that...
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Igbo business community to install first Mayor

13.12.2024
An Igbo business community is set to install businessman, Chidi Anyanegbu, as the first Mayor Ndi Igbo as part of efforts to address longstanding business conflicts and foster economic growth. The Media and Publicity Sub-Committee of the Organising Committee’s chairman, Ifeanyi Agwu, disclosed at a press conference on Wednesday in Lagos that the investiture ceremony...
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TGI Group backs Nigeria at African military games

13.12.2024
TGI Group has reinforced its commitment to national development by supporting the 2nd African Military Games 2024. The event, held in Abuja from November 18 to 30, gathered military personnel from across Africa under the theme, ‘Enhancing Africa’s Military Cooperation Through Sports,’ according to a statement. Team Nigeria topped the medal table with a haul...
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Foundation advocates collaboration on climate action

13.12.2024
The Nigerian Conservation Foundation has called for greater collaboration with state governments in addressing pressing environmental challenges, including climate change, biodiversity loss, and desertification. Its Director-General, Dr. Joseph Onoja, made this appeal during the 2024 NCF Annual Green Ball held recently in Lagos, emphasising the importance of synergy in tackling interconnected environmental issues. Onoja noted...
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CIIN inducts 18 fellows, 166 associates

13.12.2024
The Chartered Insurance Institute of Nigeria inducted 18 Fellows and 166 Associates into the institute at a ceremony held at the College of Insurance and Financial Management, Aseese, Ogun State on Wednesday. Speaking at the induction ceremony, the President/Chairman of Council, CIIN, Mrs. Yetunde Ilori, charged the inductees on professionalism. She said, “Becoming an Associate,...
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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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