Home / News (page 45)

News

News

N13.7tn Federation Account revenue withheld by NNPCL – FAAC report

  The Nigerian National Petroleum Company Limited has withheld a staggering N13.763tn in revenue from the Federal Government, exacerbating struggles to fund the national budget. This is according to documents obtained from the Federal Accounts Allocation Committee following its January ...

Read More »

Ex-police chiefs fault FG’s N55bn security contract for Turkish firm

  The Federal Government has engaged the services of a Turkish firm, Asisguard, to secure the Abuja-Kaduna Expressway and the borders for N55.2bn ($36.5m). The agreement was recently signed by the company’s General Manager, Barış Düzgün and the Ministry of ...

Read More »

Kidnapper Evans now prison teacher, willing to forfeit 14 trucks

  Convicted billionaire kidnap kingpin, Chukwudumeme Onwuamadike, alias Evans, has told the Lagos State High Court, sitting at the Tafawa Balewa Square, that he is now a teacher at the correctional centre in Kirikiri after obtaining a teaching diploma in ...

Read More »

Tension as Natasha tackles Senate President over seat relocation

  The Senate President, Godwill Akpabio, on Thursday, called security on the lawmaker representing Kogi Central Senatorial District, Mrs Natasha Akpoti-Uduaghan, amid a heated argument over sitting arrangement at the plenary. An ensuing rowdiness threatened plenary proceedings as Akpoti-Uduaghan, a ...

Read More »

LAPO deepens scholarship scheme for beneficiaries

  LAPO Microfinance Bank continues to impact the lives of Nigerian youth with its scholarship scheme. The latest beneficiary of the benevolence of the premium financial institution is Goodluck Agwu, a bright scholar, who received support from the LAPO Scholarship ...

Read More »

Cadbury Nigeria marks 60th anniversary

  Cadbury Nigeria Plc has celebrated its 60th anniversary, reaffirming its commitment to value creation and sustainable growth in the country. According to a statement, the company’s former chairman, Christopher Kolade, in a recent lecture held in Lagos to commemorate ...

Read More »

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 ...

Read More »

Osun LG crisis: Reps urge security chiefs to restore order

  The House of Representatives has called on the Inspector General of Police, Kayode Egbetokun, and the Director General, Department of State Services, Tosin Ajayi, to restore peace and order in Osun State following the crisis which engulfed the South-West ...

Read More »

Visa denial: Nigeria will not tolerate disrespect from any country – Defence Chief

  The Chief of Defence Staff, General Christopher Musa, has said Nigeria will not tolerate any form of disrespect from foreign nations towards its citizens. Speaking in Abuja on Wednesday at the Defence Headquarters, Musa noted that Nigeria deserves respect ...

Read More »

VIDEO: Lagos police react to viral video of alleged kidnappers, begin investigation

  The Lagos State Police Public Relations Officer, Benjamin Hundeyin, has responded to a viral video showing three suspected kidnappers, stating that an investigation is underway to determine the facts, locate the individuals involved, and take appropriate action. An X ...

Read More »

Workers in 109 embassies groan over six-month unpaid salaries

  At least 450 foreign service officers in 109 Nigerian missions abroad have yet to receive their salaries for the past five to six months, The PUNCH can report. The officials, serving under the Ministry of Foreign Affairs, are in ...

Read More »

VIDEO: 10-year-old burglar arrested in Oyo community

  A 10-year-old boy was caught in the Ola Oba Community, Sabo, Oyo, after allegedly breaking into homes and stealing valuables. The video which was shared by Oyo Affairs on was captioned, “A 10-year-old burglar was apprehended in the Ola ...

Read More »

APC LG chairmen, councillors resume in 14 Osun councils

  As of 10 a.m. on Wednesday, chairmen and councillors elected in the October 15, 2022, local government election in Osun State had resumed in about 14 LGA secretariats in the state. Checks by The PUNCH revealed that the chairmen ...

Read More »

Lagos Speaker Meranda denies resignation rumour

  The Speaker of the Lagos State House of Assembly, Mojisola Meranda, has denied rumours suggesting that she has resigned. Meranda’s Chief Press Secretary, Segun Ajiboye, debunked the rumour on Wednesday. “I’m in the office. The speaker is in the ...

Read More »

Here are Airtel’s new data plan prices

  Airtel Nigeria has joined MTN Nigeria to raise call and internet plans by 50 percent one week after MTN Nigeria implemented a similar hike. This is part of telecom operators’ upward review of prices following the Nigerian Communications Commission ...

Read More »

Providus Bank appoints Tukur as non-executive director

  Providus Bank has appointed Mr. Mahmud Tukur as a non-executive director. In a statement made available to The PUNCH on Monday, it was indicated that his appointment was ratified at the bank’s Annual General Meeting, held in Victoria Island, ...

Read More »

Access Bank empowers women with cancer funds

  Access Bank Plc, through its Access Women Network, has provided financial assistance to two breast cancer patients, empowering them in their ongoing battle against the disease. In an event held by the bank in the Victoria island area of ...

Read More »

Lokpobiri decries abandonment of Brass Refinery

  Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has condemned the long-standing abandonment of the Brass Modern Refinery project in Bayelsa State, calling it “unacceptable.” During an inspection visit to Brass Local Government Area, Lokpobiri expressed frustration ...

Read More »

Naira strengthens at parallel market, weakens on official window

  In the past week, the naira experienced a mixed performance across various segments, reflecting the Central Bank of Nigeria’s ongoing efforts to stabilise the currency. Analysts said that forex market interventions from the CBN have slowed down amidst a ...

Read More »

World’s ‘first openly gay’ imam shot d3ad in South Africa

  World’s ‘first openly gay’ imam sh0t d3ad in South Africa The world’s ‘first openly gay’ Imam, Moegsien Hendricks, has been sh0t d3ad in the Eastern Cape, South Africa. The cleric was k!lled near the southern city of Gqeberha where ...

Read More »

Lagos to demolish illegal Banana Island buildings

  The Lagos State Government has announced plans to mark illegal buildings on Banana Island for demolition, starting Monday, February 17, 2025. The move targets violations of building regulations, safety risks, and unauthorised encroachments. The General Manager of the Lagos ...

Read More »

APC sweeps Katsina LG seats

  The ruling All Progressives Congress has won all chairmanship and councillorship seats in the Katsina State local government elections held on Saturday. As results trickled in, the state chairman of the Inter-Party Advisory Council, Salima Boyi, congratulated the winners ...

Read More »

Alaafin: Oyo prince asks court to sack Owoade

Prince Lukman Gbadegesin, one of the contenders for the Alaafin of Oyo stool, has filed a lawsuit at the Oyo State High Court challenging the appointment of Prince Akeem Owoade as the new Alaafin. The suit, filed on February 12, ...

Read More »