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Power sector grows revenue to N1.7tn

28.02.2025
The Federal Government has announced that the power sector achieved a 70 per cent year-on-year revenue growth in 2024. The Minister of Power, Adebayo Adelabu, disclosed this at Thursday’s public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja. He said the sector’s revenue surged from N1.05tn in 2023 to...
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Tanker drivers resume fuel loading in Lagos

28.02.2025
Tanker drivers have resumed fuel loading following the resolution of their crisis with the Lagos State Government, The PUNCH reports. On Wednesday and Thursday, many fuel tankers were seen on the road conveying petroleum products to filling stations within and outside Lagos. The PUNCH recalls that many filling stations ran out of stock Monday due...
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Govt inaugurates committee to curb boat accidents

28.02.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated a special committee on the prevention of boat mishaps in Nigeria in a bid to enhance safety on the nation’s inland waterways. In a statement on Thursday, the National Inland Waterways Authority explained that the event, which was held in Abuja, marked a crucial...
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Transcorp Hotels profit rises by 138%

28.02.2025
Transcorp Hotels Plc has recorded a 138 per cent surge in profit after tax to N14.9bn for the 2024 financial year, compared to N6.3bn in the previous year, driven by revenue growth and improved operational efficiency. According to the company’s audited financial statements for the year ended December 31, 2024, revenue rose by 69 per...
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Wigwe University appoints Justice Augie Pro-Chancellor

28.02.2025
Wigwe University has appointed Justice Amina Augie (retd.), a former Justice of the Supreme Court, as its new Pro-Chancellor and Chairman of the Governing Council. The institution also named Professor Marwan Al-Akaidi as its substantive Vice-Chancellor. The Chairman of the Board of Trustees, Professor Fabian Ajogwu, announced the appointments in a statement on Thursday, February...
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Coscharis pledges to deliver value in business operations

28.02.2025
Coscharis Group has promised to enhance customer satisfaction and provide adequate value for money across all its business operations in 2025. This commitment was agreed upon at a two-day strategy retreat held recently in Lagos, where the company’s Board of Directors deliberated on plans for the group’s diverse sectors, which include Agro-Allied, Information Technology, Health,...
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Nestlé pays $20m forex debt

28.02.2025
Nestlé Nigeria Plc has made an early repayment of $20m in inter-group foreign exchange debt. In a release filed on the Nigeria Exchange on Thursday, the repayment, which was made ahead of schedule, comes as the company continues to navigate the impact of currency devaluation, inflation, and rising finance costs, which have affected its financial...
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Equity market reverses gain with N77bn loss

28.02.2025
The Nigerian equity market reversed its previous gains, recording a N77bn loss at the close of trading on Tuesday as investor sentiment weakened. The market capitalisation of the Nigerian Exchange Limited declined to N67.02tn from N67.1tn recorded in the previous session, reflecting a 0.11 per cent decline. Similarly, the All-Share Index shed 123.53 points to...
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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
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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