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Global services trade hits new high amid digital expansion

07.02.2025
The latest World Trade Organisation report has revealed that global services trade witnessed an impressive 10 per cent year-on-year increase in the third quarter of 2024, bolstered by robust expansions in transport, travel, and digitally deliverable services. According to the report, Asia led the global surge in services exports, rising by 16 per cent, followed...
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OPEC oil output declined in January – Report

07.02.2025
The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs. According to a report by Reuters on Wednesday, the development counteracted a recovery in the United Arab Emirates, where field maintenance had limited production in December....
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Excessive govt spending undermining monetary policy – MPC member

07.02.2025
A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sagagi, says excessive government spending is a major challenge to effective monetary policy in Nigeria. According to Sagagi, the inability to control fiscal expenditure continues to undermine monetary policy measures, making inflation and exchange rate stability difficult to achieve. In his personal statement...
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Genesis Energy strengthens commitment to Nigeria’s energy future

07.02.2025
In a major step towards advancing Nigeria’s energy infrastructure, Genesis Energy Group, a provider of integrated power solutions, hosted Governor Dikko Radda of Katsina State on a landmark visit to its Lagos and Port Harcourt facilities. According to a statement, the visit highlights the growing collaboration between state governments and private sector players in addressing...
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Lekoil, NAPE honour Nigerian geologist

07.02.2025
Lekoil Nigeria Limited has celebrated Dr Kehinde Ladipo, a Nigerian geologist and geoscientist, on receiving the esteemed Aret Adams Award from the Nigerian Association of Petroleum Explorationists. The award, the highest honour within the NAPE community, recognises Ladipo’s contributions to geosciences and Nigeria’s oil and gas exploration sector for over 15 years. Named after the...
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Dangote refinery, FCCPC differ as NNPCL insists on fuel import

06.02.2025
The Federal Competition and Consumer Protection Commission has urged the Federal High Court in Abuja to allow it to join the N100bn lawsuit filed by Dangote Petroleum Refinery seeking to stop the Nigeria National Petroleum Company Limited and oil marketers from importing refined petroleum products into the country. But Dangote Refinery opposed the FCCPC’s application...
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Lekki Port inaugurates divisional police station

06.02.2025
Determined to boost security infrastructure within the port and its host communities, the Lekki Port LFTZ Enterprise Limited, the promoter of the Lekki Deep Seaport, has commissioned a Divisional Police Station. In a statement on Tuesday, the port disclosed that the commissioning took place last week amidst cheers from the management and staff of Lekki...
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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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