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Power generation hits 5,543MW as govt reveals new plans

21.02.2025
The Federal Government has revealed that it is interested in moving most electricity consumers in Nigeria to Band A where they will enjoy a minimum of 20 hours of electricity supply daily. It disclosed this on Wednesday as the Transmission Company of Nigeria announced a major milestone in the nation’s power sector, revealing that Nigeria...
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CBN retains 27.5% interest rate

21.02.2025
The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s benchmark interest rate at 27.50 per cent following its 299th meeting in Abuja. The CBN Governor, Olayemi Cardoso, announced the decision during a press briefing on Thursday, stating that all parameters were unanimously held as the committee assessed the economic outlook...
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Passenger arrested for stealing on Air Peace flight

21.02.2025
A passenger caught with stolen items on an Air Peace flight from Lagos to Port Harcourt has been arrested and blacklisted by the airline. In a statement on Thursday, the airline’s Head of Corporate Communications, Ejike Ndiulo, confirmed that the suspect was found in possession of the missing items after a thorough search upon arrival...
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Stakeholders await FG on proposed MSMEs census

21.02.2025
Stakeholders have disclosed that the Federal Government has begun preliminary consultations with business membership organisations as they await an inaugural meeting to discuss the planned Micro, Small, and Medium Enterprises census. The PUNCH learnt from separate phone interviews with the National Vice President of the National Association of Small-Scale Industrialists, Segun Kuti-George, and the President...
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Travellers stranded as train suffers technical glitch

21.02.2025
The Nigerian Railway Corporation has confirmed that all passengers are safe following a technical glitch that affected the Itakpe-Warri train service on February 18, 2025. It was, however, gathered that the passengers were left stranded at the station for several hours as they had to spend the night there. In a press statement signed by...
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Austria Card eyes partnerships in Nigeria

21.02.2025
International card and secure chip solution provider, AustriaCard Holdings, has indicated that it is looking at local partnerships with established service providers in the financial space rather than competing with them on its expansion into the Nigerian market. This was disclosed by AustriaCard’s Executive Vice President, (Turkiye, Middle East, and Africa), Burak Bilge, in a...
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Dangote, NNPCL refineries not supplying 50% local fuel demand – FG

21.02.2025
Despite having a combined refining capacity of 985,000 barrels per day, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption. It said the significant shortfall was being filled through the importation of...
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Lagos lawmakers hail LIRS on record N1tn revenue

20.02.2025
Some Lagos lawmakers have lauded the Lagos State Internal Revenue Service for surpassing a record N1tn in revenue generation, positioning the agency as the first sub-national revenue agency in Nigeria to attain such a feat. The lawmakers, including the former Chairman of the House Committee on Economic Planning and Budgeting, Lukman Olumoh, and former Chairman...
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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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