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CBN moves to prevent terrorism financing via banks

The Central Bank of Nigeria has strengthened its supervisory oversight of terrorism financing risks within the financial sector as part of efforts to prevent financial institutions from being exploited by illicit actors. The apex bank disclosed this in a press statement issued on Tuesday and signed by its Acting Director of Corporate Communications and Investor […]

Policy and Regulations

FG automates academic certificate evaluation, authentication process

The Federal Ministry of Education has announced the full automation of academic certificate evaluation and authentication, eliminating the need for applicants to visit the ministry physically. In a statement issued on Tuesday by the Director of Press and Public Relations, Boriowo Folasade, the Minister of Education, Tunji Alausa, said the initiative was a major step […]

News

Gambians protest nationwide as blackouts trigger president’s resignation calls

Thousands took to the streets overnight in The Gambia, burning tyres and chanting against the president in protest over blackouts that have dogged the country since June and recently grown more severe. The rolling power outages, which are occurring during the country’s hot season, have lasted up to 48 hours in some locations. Demonstrators in […]

News

US sanctions all remaining Iranian airlines amid ongoing war

The United States imposed sanctions on Tuesday on “all remaining Iranian airlines” that had yet to face such penalties, as Washington pushes to step up economic pressure in its war with Tehran. The US Treasury Department said its latest action takes aim at “36 targets for supporting Iran’s aviation sector, which the regime uses to […]

News

Eiffel Tower reopens after staff protest over women’s treatment

The Eiffel Tower reopened on Tuesday after staff staged a walkout over the removal of women colleagues during a visit by a Hindu religious group, which later apologised for the incident. According to AFP, the operating company that runs the Paris landmark, SETE, acknowledged that the Hindu delegation had requested the visit on Saturday be […]

Business

Turkish Airlines lands £300m Liverpool front-of-shirt sponsorship

Turkish Airlines will become Liverpool’s new front-of-shirt sponsor from the start of the 2027-28 season after agreeing a five-year deal worth £300m. The agreement is valued at more than £60m per season, surpassing Liverpool’s existing £50m-a-year deal with Standard Chartered, which has served as the club’s main partner and front-of-shirt sponsor since 2010. Liverpool said […]

News

NAFDAC DG cites reforms, convictions amid resignation pressure

Director-General of the National Agency for Food and Drug Administration and Control, Prof. Mojisola Adeyeye, has responded sharply to calls for her resignation, saying she returned to Nigeria after 34 years in the United States because she was “ashamed” of the country and wanted to help restore its image. The PUNCH reported that Adeyeye, who […]

Policy and Regulations

NAFDAC links Chinese counterfeiters in Nigeria to fake goods surge

The National Agency for Food and Drug Administration and Control has linked Chinese counterfeiters now residing in Nigeria to the growing proliferation of fake goods, a trend worsening the production, distribution and sale of adulterated, harmful and unwholesome products. NAFDAC’s Director of Investigation and Enforcement, Martins Iluyomade, responding to The PUNCH in Lagos on Monday, […]

Oil and Gas

Nigeria’s petrol import bill hits ₦952bn despite Dangote Refinery supply

Nigeria spent N952.15 billion on imported Premium Motor Spirit in the second quarter of 2026, despite the country’s growing domestic refining capacity and an escalating dispute between the Dangote Petroleum Refinery and fuel importers over the continued inflow of foreign petrol. The PUNCH reported that an analysis of the National Bureau of Statistics’ Foreign Trade […]

Oil and Gas

Auditor-General uncovers ₦432bn debt owed to NMDPRA by marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is facing renewed scrutiny after the Office of the Auditor-General for the Federation uncovered more than N432 billion in unpaid debts, statutory levies and other outstanding obligations linked to petroleum marketers. The bulk of the liabilities, amounting to N431.01 billion, consisted of legacy National Transport Average and […]

Business

How to buy Dangote Refinery shares

The Dangote Petroleum Refinery and Petrochemicals FZE will launch what is expected to be Africa’s largest-ever Initial Public Offering on Monday, September 14, 2026, offering Nigerians an opportunity to acquire shares in the refinery. Dangote Group Chief Executive Officer, Aliko Dangote, signed the offer documents on Monday, September 7, 2026, at a ceremony held at […]

Business

NAICOM commences NICON Insurance wind-up, names liquidator

The National Insurance Commission has commenced the formal winding-up of NICON Insurance Limited following the cancellation of the insurer’s registration for failing to meet the minimum capital requirement prescribed for its licence category. NAICOM appointed Chukwuma-Machukwu Ume, SAN, as Receiver/Provisional Liquidator to take control of the company’s assets, address its outstanding obligations and facilitate the […]

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