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Nigeria needs oil money for economic diversification, development – Elumelu

The Chairman of Heirs Holdings, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s economic diversification and development. Speaking on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, he emphasised the importance of oil revenues in driving industrialisation, energy security, and infrastructural growth. The meeting, convened by Heirs...
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Naira rises to 1,494.03/$ at official market

The naira strengthened to 1,494.03/$ at the official window on Thursday according to data from FMDQ Securities Exchange Limited. Similarly, it appreciated at the parallel market to 1,510.00/$, further reducing the spread between the markets to 15.5/$. The gap between the official foreign exchange and the parallel market rates is closing, following the various policies...
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Investors stake N2.41tn in treasury bills auction

Nigeria’s latest treasury bills auction, conducted on February 19, 2025, saw total subscriptions hit N2.41tn, reflecting sustained investor interest across the three tenors on offer. However, this marked a decline from the N3.22tn recorded in the previous auction held on February 5, 2025. This is according to the auction results seen by The PUNCH on...
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Lafarge Africa trains geoscientists, mining engineers in Ogun

Lafarge Africa Plc has trained geoscientists and mining engineers in Ogun State as part of its efforts to improve operational excellence and capacity development in Nigeria’s mining sector. The company said in a statement that it held a three-day capacity-building programme at its Training Centre in Ewekoro, Ogun State, in collaboration with the Ogun State...
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PCC commends J’Berger for zero complaints record

The Public Complaints Commission has hailed construction firm Julius Berger Nigeria Plc for its compliance with regulations and its track record of zero public complaints. The Commission’s Federal Capital Territory Commissioner, Musa Dikko, stated in a statement that the company deserves an award for its commitment to excellence in construction and labour relations. Speaking during...
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Minister decries poor performance of Special Economic Zones

The Federal Government has expressed concerns over the underwhelming performance of Nigeria’s Special Economic Zones despite the country having one of the highest numbers of such zones in Africa. The Minister of Trade and Investment, Dr Jumoke Oduwole, stated that the government is spearheading regulatory and fiscal reforms to unlock the potential of SEZs and...
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Govt won’t engage in crude oil price-fixing, says NUPRC

The Federal Government has said it would not resort to price-fixing for crude oil. It insisted on the commitment to comply with international best practices to allow the willing-seller, willing-buyer option. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, stated this in Abuja during a meeting with members of the Oil...
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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...