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Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t

  • 27th April 2026
South African billionaire Wiese sells Shoprite shares worth $49.5m

Lagos court bars Shoprite directors from selling assets

  • 27th April 2026
Toyota explores regenerative cell tech to power lunar power

Toyota sales drop as Middle East tension disrupts

  • 27th April 2026
Nigerians to present BVN, NIN for dollar bond subscription

DMO plans N700bn federal bond auction for April

  • 27th April 2026

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Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t work

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NAICOM house
Insurance

NAICOM to release guidelines on insurance of govt assets

The National Insurance Commission has said it would soon release guidelines on the insurance of government assets to ensure appropriate and adequate insurance cover for government assets. The Commissioner for Insurance, Sunday Thomas, said this on Thursday while delivering a paper at the second edition of the Chartered Insurance Institute of Nigeria, 2022 Business Outlook […]

Oil and Gas

Subsidy probe: 23 oil firms operating in Nigeria unknown, say Reps

The profiles of 23 oil and gas companies trading in Nigeria are unknown, the House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said it does not know The panel is investigating payments made by the Federal Government through the Nigerian National Petroleum Corporation (now Nigerian […]

100% cashless economy possible in Nigeria - Emefiele
Economy

Senate summons Emefiele as naira falls to N700/dollar

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Godwin Emefiele, to educate and inform senators in a closed session on the reasons for the rapid depreciation of the value of the naira. It also mandated the Senate Committee on Banking, Insurance and Other Financial Institutions to assess the […]

Nigeria needs debt relief - AfDB
News

Nigerian govt most difficult client, AfDB official reveals

A senior official of the African development bank, Prof. Banji Oyelaran-Oyeyinka, Tuesday, described the Federal Government as the bank’s most difficult client. Oyelaran-Oyeyinka who is a Senior Special Adviser to the President of the African Development Bank said this while delivering a keynote address at the 2022, 3rd Biennial African Scientific Integration Network Conference hosted […]

Bakers to raise bread prices over rising costs
News

Bread prices jump 10% as bakers shelve strike

Bread makers under the aegis of Premium Breadmakers Association of Nigeria have increased bread prices by 10% after suspending its four-day warning strike which began on Thursday. Speaking in an interview with The PUNCH on Tuesday, the President of the association, Emmanuel Onuorah, said his members had to shelve their warning strike and resolved to […]

NBC slammed over MultiChoice court ruling
News

Tariff hike: Tribunal fixes Sept for Multichoice suit

An Abuja court on Monday announced a date for the judgment in a suit filed against MultiChoice, the operator of Gotv and DStv, over the recent price hike on their products and subscription rates. The PUNCH reported that the Competition and Consumer Protection Tribunal sitting in in the nation’s capital fixed September 6 for the […]

Energy transition: Osinbajo meets Siemens officials
Housing

31.6 million houses in Nigeria are substandard – Osinbajo

Vice President Yemi Osinbajo, on Monday, said studies show that about 31.6 million houses in Nigeria are substandard. He added that though efforts were being intensified to make decent homes available for Nigerians, access to funds had remained a challenge. He disclosed this during his address at the ongoing Africa International Housing Show 2022 in […]

FG gets N16bn tax credit for Lagos-Badagry Expressway
News

FG gets N16bn tax credit for Lagos-Badagry Expressway

The Minister of Works and Housing, Babatunde Fashola has disclosed that the Federal Government has gotten N16bn tax credit for the construction of the Lagos-Badagry expressway. Fashola made this known in an interview with The PUNCH on Monday, noting that the work was progressing on the expressway currently. The former Lagos State governor also reacted […]

Bismarck Rewane
Economy

More firms may collapse over rising FX, fuel cost – Expert

An economist and Chief Executive Officer at Financial Derivatives Company Limited, Bismark Rewane, has predicted that the high cost of power, fuel and rising foreign exchange will lead to the collapse of many businesses. In a telephone interview in Lagos, Rewane said that businesses were under pressure and the margins were being compressed. He noted […]

Danfo Yellow Bus
News

Private sector, banks strategise for economic growth

The Organised Private Sector and Nigerian banks have said they will address critical areas of concerns and strategise to create sustainable synergy between the financial services sector and other businesses. A statement said at the first national stakeholders’ conference on synergy between the Nigerian banking industry and the Organised Private Sector, top financiers; economic experts […]

Banking

Dangote Industries ends N187.58bn bond issue

Dangote Industries Funding Plc has announced the completion of a N187.58bn Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under its N300bn Debt Issuance Programme. The bond issue represents the largest local currency bond issuance by a corporate issuer in the history of the Nigerian debt capital markets, according to […]

Nigeria gained $2.6bn from non-oil export six months
Oil and Gas

Oil firm shut over unapproved offshore operations

THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval and also violating the provisions of the Factories (Diving at Work) Regulations, 2018. The company was also closed for non-compliance with the diving regulations. According to a statement on Monday by the Federal Ministry of Labour and Employment, the […]

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