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NEWS

LG poll: Kaduna electoral commission releases screening timetable

The Kaduna State Independent Electoral Commission has presented a timetable for the screening exercise for councillors and chairmanship candidates ahead of the local government election slated for October 19, 2024. This is contained in a timetable signed by Mrs Hajara Mohammed, Chairman of the Commission, issued in Kaduna on Friday. […]

todaySeptember 6, 2024 4

BUSINESS

Dangote names refinery road after Wigwe

Billionaire businessman, Aliko Dangote, has named the 120km road leading to his refinery in Lagos after the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, in recognition of his exceptional contributions to the project. The announcement was made on Monday during a special event held in honour of the late banker at Eko Hotel, Lagos, titled ‘Celebrating Herbert Wigwe – A Professional Legacy.’ Dangote paid tribute to the […]

todayMarch 5, 2024 10

BUSINESS

Banks involved in 70% of financial crimes – EFCC

The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria. He pointed out that the banking sector was increasingly becoming a cesspool of fraudulent activities and this […]

todayMarch 5, 2024 6

BUSINESS

Approach Zimbabwe for solution to inflation, Obasanjo tells FG

Former President Olusegun Obasanjo, on Monday, advised that Nigeria should approach the government of Zimbabwe for a solution to the current all-time high inflation in the country. He noted that since Zimbabwe was recently confronted with the same problem and came out of it, the southern African country would have useful advice for Nigeria. In its latest release, the National Bureau of Statistics put Nigeria’s inflation at 29.9 per-cent. The […]

todayMarch 5, 2024 7

NEWS

Food crisis: OPS warns of shutdown as hoodlums loot more trucks

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country. Members of the OPS, gave the warning on Monday in separate interviews with The PUNCH just as miscreants attacked trucks conveying building materials and spaghetti in Ogun and Kaduna states. Also on Monday, the Federal […]

todayMarch 5, 2024 8

NEWS

Tribunal adjourns Sylva’s petition against Diri indefinitely over bias claim

The All Progressives Congress, along with its candidate in the Bayelsa State governorship poll, Timipre Sylva, has accused the election petition tribunal in Abuja of bias. The APC and Sylva demanded the outright disbandment of the tribunal headed by Justice Adekunle Adeleye and the reconstitution of another panel. The APC and its candidate, Sylva, are challenging the re-election of Governor Duoye Diri, and his deputy, Lawrence Ewhrujakpo, in the November […]

todayMarch 5, 2024 6

BUSINESS

Sachet alcoholic drinks spike mental illness, enforce ban, psychiatrists tell Reps

Mental health experts have urged the House of Representatives to maintain the ban on sachet and small bottled alcoholic drinks, stressing that studies show that high intake is linked to mental health problems, particularly among young people. The psychiatrists stressed that the availability of sachets and small bottled alcoholic drinks has a more negative impact on mental health and said the ban is in the best interest of the Nigerians. […]

todayMarch 5, 2024 8

NEWS

Buhari sold Nigeria’s future, says Plateau gov

The Governor of Plateau State, Caleb Mutfwang, on Monday, lamented the economic hardship being faced by Nigerians and blamed the situation on the last administration led by ex-President Muhammadu Buhari. Speaking during the swearing-in of 22 Special Advisers and heads of government agencies at the Government House in Jos, Mutfwang said Buhari left the country’s economy in terrible shape for his successor, President Bola Tinubu. Mutfwang said, “We are at […]

todayMarch 5, 2024 9

BUSINESS

Harsh economic policies worsening unemployment, OPS tells govt

Members of the organised private sector have stated that harsh economic policies from the government have exacerbated country’s unemployment rate. In separate chat with The PUNCH, they warned that if the poor economic policies are not quickly addressed, more businesses would fold up and it would worsen the country’s unemployment. The President of the Nigeria Employers’ Consultative Association, Adewale-Smatt Oyerinde, warned that the repercussions of inadequate economic policies and a hostile […]

todayFebruary 28, 2024 19

BUSINESS

CBN resumes forex sale to BDC operators after three years

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after the former CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. […]

todayFebruary 28, 2024 43

BUSINESS

NNPCL plans to end fuel shortage in 10 years

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit held in Abuja. In a statement by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, assured stakeholders of the company’s commitment to work […]

todayFebruary 28, 2024 27

SPORTS

Voodoo new to me – Waldrum

In the aftermath of the drama that ensued between Nigeria and Cameroon during the penultimate qualifying fixture for the 2024 Olympic games, Super Falcons coach, Randy Waldrum, says voodoo is strange to him. There was drama at the start of the second half inside the Moshood Abiola National Stadium in Abuja on Monday after a Cameroonian player allegedly attempted to plant ‘voodoo’ inside the Falcons goal post. Falcons’ goalkeeper, Chiamaka Nnadozie, […]

todayFebruary 28, 2024 27

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

todayFebruary 28, 2024 48

POLITICS

Imo vigilante member arrested over lover’s death

The Imo State Police Command has arrested one Chinenye Nwaneri, for allegedly killing his lover, Chienyenwa Nnodua, Parading the suspect at the command’s headquarters in Owerri, the state capital on Tuesday, the police spokesperson, Henry Okoye, disclosed that the deceased’s lifeless body was recovered from a gutter at Madumere Street, Christ Road, Owerri, by policemen following a distress call. He disclosed that the investigation revealed that the deceased was with […]

todayFebruary 28, 2024 17

ENTERTAINMNET

South African police arrest six for murder of rapper, AKA

South African police have apprehended six suspects connected with the murder of popular rapper, Kiernan Forbes, mostly known as AKA, and his close friend, celebrity chef and entrepreneur Tebello “Tibz” Motshoane. The duo were murdered on February 10, 2023, while walking with a friend outside a popular Durban restaurant hours before he was to perform at a nearby club. AKA started his musical profession as part of the rap group […]

todayFebruary 28, 2024 9

POLITICS

Election dispute resolution process across the 36 states

Kimpact Development Initiative, KDI, a civil society organization that advances good governance and democratic rights, has called for the establishment of special courts to handle pre and post-election disputes with the aim of giving room for the court to attend to other litigations. The Executive Director of KDI, Bukola Idowu, who made the call at the Public Presentation of the post 2023 General Election Dispute Resolution Monitoring Report, in Abuja […]

todayFebruary 15, 2024 62 1

NEWS

Nigeria’s predicaments not solely political – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Sunday, said that the socio-economic as well as security challenges confronting the country require spiritual solutions. The spiritual leader noted that the nation’s political leaders appeared to have tried their best to seek solutions but that Nigeria urgently needed divine intervention. Adeboye stated these when he met the Kaduna State Governor, Senator Uba Sani, at the Sir […]

todayFebruary 12, 2024 39 1

BUSINESS

Nigeria to become food exporter through mechanised farming – Tinubu

President Bola Tinubu, on Sunday, said his administration was keen to make Nigeria self-sufficient in food production and become a net exporter of agricultural products through what he called “aggressive mechanisation.” He affirmed his administration’s support to give ease and succour to the 2024 Hajj pilgrims. “Nigeria will become a net exporter of food through aggressive mechanisation,” Tinubu told a delegation from the Global Tijaniyya Movement, led by Khalifa Muhammad […]

todayFebruary 12, 2024 25

BUSINESS

Nigeria facing worsening economic crisis, says IMF

The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global lender said this in a new report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria.’ According to the report, low revenue collection has hampered the provision of services and public […]

todayFebruary 12, 2024 31 1

NEWS

Discos overbilled 7.1million customers in nine months – FG

Eko Disco overbilled 371,828 customers under the estimated billing category between January and June 2023, as the months of July, August and September were not captured in the report released by NERC. It overbilled these customers to the tune of N14.13bn. Ibadan Disco made N333.68m from the overbilling of 143,465 customers underestimated billing between January and September last year, while Jos Disco overbilled 1,264,537 customers to the tune of N13.3bn. […]

todayFebruary 12, 2024 36

NEWS

Tinubu administration not responsible for economic hardship – Sanusi

Former Governor, Central Bank of Nigeria, Mohammed Sanusi, has said it is an injustice to blame the administration of President Bola Tinubu for the current economic hardship the country is facing. Sanusi said the country is battling a failing economy due to mismanaged economic policies of the past eight years. He stated this while speaking virtually on Sunday at a religious event in Abuja. He said he would not join […]

todayFebruary 12, 2024 28

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