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MAN seeks lower electricity tariff, cautions on GDP rebasing

01.02.2025
The Manufacturers Association of Nigeria has reiterated its determination to push for a reduction in electricity tariffs while cautioning the Federal Government against politicising the planned Gross Domestic Product rebasing process. MAN’s leadership, during its recent presidential media luncheon in Lagos, highlighted it will not stop advocating for a reduction in the electricity tariffs in...
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Nikon unveils AI-incorporated camera

01.02.2025
Nikon has launched its latest camera, the Z50II, an AI-incorporated device for photography and videography. In a statement, Nikon said it showcased the camera’s features at an event for industry stakeholders. Speaking at the launch, the Managing Director of Nikon, Middle East, Africa, Narendra Menon, described the Z50II as an “affordable mirrorless camera with extraordinary...
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LG inaugurates UNIBEN solar-powered borehole

01.02.2025
The University of Benin has received its first solar-powered borehole, courtesy of LG Electronics, to transform water supply on campus. According to a statement, the recently commissioned project aimed to provide clean and uninterrupted water to students and staff, reducing dependence on the national grid and cutting utility costs. Corporate Marketing Manager, LG Electronics Nigeria,...
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Contractors abandoned 129 projects despite payments – BudgIT

01.02.2025
A new report by Tracka, BudgIT’s service delivery monitoring platform, has revealed that 129 projects were abandoned despite contractors receiving payments totalling N3.9bn from the Federal Government. The report, titled “Achieving National Development through Efficient Service Delivery,” was unveiled on Thursday in Abuja and raises concerns about the lack of accountability in Nigeria’s public project...
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NCDMD partners science academy on research, development

01.02.2025
The Nigerian Content Development and Monitoring Board has pledged to partner with the Nigerian Academy of Science on research and development.  A statement issued on Thursday disclosed that the board pledged at the official inauguration of the NAS-TY Danjuma Science Museum and Library Building at the NAS headquarters in Abuja on Monday. The Executive Secretary...
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FBN Holdings earnings rise by 113% to N3.3tn

31.01.2025
FBN Holdings grew its gross earnings by 113 per cent to N3.33tn in the 2024 financial year. This was indicated in the group’s unaudited financial statement published on Thursday via the platform of the Nigerian Exchange Limited. FBN Holdings is the parent company of First Bank of Nigeria. There are other subsidiaries in the group....
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BUA Foods suffers N188.7bn FX loss

31.01.2025
BUA Foods has reported a foreign exchange loss of N188.7bn for the year ended December 31, 2024. According to the company’s statement of profit or loss and other comprehensive income filed on the Nigerian Exchange Limited on Thursday, the loss was attributed to the volatility in the foreign exchange market, which has been a key...
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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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