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Since the enactment of the Petroleum Industry Act in 2021, there has been a notable transformation in Nigeria’s oil and gas sector. This legislation, passed by the National Assembly and signed into law by former President Muhammadu Buhari, stands as one of the boldest endeavors to revamp the petroleum industry in the country. The Act […]
On Friday, Benue State Governor Rev. Fr. Hyacinth Alia urged his predecessors to refrain from meddling in his administration, stating that they had already completed their terms. The governor issued this warning during a press briefing in Makurdi upon his return from the United States of America. While he did not explicitly mention any individual, […]
Once again, the Nigerian movie industry is in mourning following the news of the passing of veteran Yoruba Actor Ganiyu Oyeyemi, affectionately known as Ogunjimi, which surfaced on social media on Friday. The announcement of Ogunjimi’s demise was made by Yoruba actor Kunle Afod in a post on his Instagram page. In mourning the actor, […]
The Central Bank of Nigeria has been encouraged to uphold recent measures and policies aimed at stabilizing the naira, as advocated by Babatunde Adeyemo, the Chief Executive Officer of Pelican Valley Nigeria Limited, in a statement issued on Thursday. He urged the federal government to take decisive action against those undermining the economy to maintain […]
Telecommunications companies operating in Nigeria, such as MTN Nigeria and Globacom, have submitted requests to the Nigerian Communications Commission seeking authorization from the Federal Government to increase their tariffs. This move follows significant foreign exchange losses and escalating energy expenses, which led some operators to report losses in the previous year. The proposal from the […]
Although Nigeria is not officially in a state of recession, the country is currently grappling with formidable economic hurdles. The depreciation of the naira, alongside soaring inflation rates, has rendered it arduous for numerous Nigerians to meet their financial obligations. Escalating food prices, attributed to insecurity in key agricultural regions, have hindered farmers from tending […]
The Chartered Institute of Taxation of Nigeria has stressed the importance of implementing an effective tax system to attract foreign direct investment to the country. Speaking during his investiture in Lagos, Mr. Abiodun Oke, Chairman of the Ikeja District Society of CITN, emphasized the necessity of creating an environment conducive for foreign investors to operate […]
Bloomberg, a financial data and media company, has ranked the Dangote Refinery higher than the top 10 largest refineries in Europe. Data compiled by the business news platform indicates that the refinery surpasses many European counterparts in capacity. Situated along the Lekki-Epe Expressway in Lagos State, the refinery, valued at $20 billion, has the capability […]
Vera Anyim, the woman whose recent testimony at the Dunamis International Gospel Centre, Abuja, stirred controversy and gained attention, is now seeking assistance from Nigerians to secure accommodation. Anyim made this appeal in a video circulating on the internet since Thursday. Her testimony, initially met with skepticism by the church’s Senior Pastor, Paul Enenche, triggered […]
Minister of Aviation and Aerospace Development, Festus Keyamo, emphasized that in matters concerning aviation, everyone, including puff-puff sellers at airports, has an opinion. Keyamo made this statement during his appearance on Channels Television’s Politics Today, discussing the actions taken by the Nigerian Civil Aviation Authority regarding the health status of Dana Airline. The PUNCH previously […]
