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Fuel scarcity'll continue after polls, marketers warn
Oil and Gas

Long queues emerge in Lagos as MRS slashes petrol price

Motorists on Wednesday thronged MRS filling stations across Lagos following a reduction in the pump price of petrol from N890 to N739 per litre, a development that eased fuel costs but resulted in long queues across the metropolis. According to the News Agency of Nigeria, who monitored activities at several filling stations, long but orderly […]

featured News

Seven injured in Lagos insurance house fire incident

Seven adult males sustained varying degrees of burn injuries following a major fire incident that engulfed the 22 storey Great Nigeria Insurance House on Lagos Island on Christmas Eve, triggering a large scale emergency response and affecting nearby residential, commercial and religious buildings. Emergency authorities confirmed on Wednesday that the injured victims were promptly treated […]

Seven banks paid N392.53bn in taxes in first half of 2024
Opinion

CITN warns of risks over Nigeria’s tax laws

The Chartered Institute of Taxation of Nigeria has warned that the country may face significant governance and legal risks following allegations of inconsistencies between tax reform bills passed by the National Assembly and the versions subsequently gazetted. In a position paper released on Wednesday and signed by its 17th President and Chairman-in-Council, Innocent Ohagwa, the […]

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Tinubu lacks power to suspend new tax laws — Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that President Bola Tinubu lacks the constitutional authority to suspend the recently enacted tax laws. Oyedele made the clarification amid mounting calls on the Federal Government to pause the implementation of the laws, following controversies surrounding their passage and […]

Nigeria's FX reserves hits three-month peak
featured Finance

MDAs face N15tn capital funding gap — Report

Capital expenditure by Federal Government ministries, departments and agencies has remained severely constrained over the past three fiscal years, despite rising retained revenues and expanding budgetary allocations, according to findings by The PUNCH. An analysis of data from the Budget Office of the Federation’s Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2023, 2024 and […]

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Over 16,000 Nigerian nurses licensed to practise in UK — Report

No fewer than 16,156 Nigerian-trained nurses and midwives have been licensed to practise in the United Kingdom between 2017 and September 30, 2025, according to findings by The PUNCH. The figure is based on the latest data from the United Kingdom’s Nursing and Midwifery Council register, which was obtained exclusively by our correspondent on Wednesday. […]

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JUST IN: LASEMA orders evacuation as Lagos plaza fire escalates

The Lagos State Emergency Management Agency has ordered an immediate evacuation following the spread of the fire incident at the 22-storey Great Nigeria Insurance House located on Martins Street, Lagos Island. The statement was issued and signed by the Permanent Secretary of the Lagos State Emergency Management Agency, Dr. Olufemi Oke-Osanyintolu, on Wednesday night. According […]

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Fire guts Lagos insurance building on Christmas eve

Fire gutted parts of the Great Nigeria Insurance House located on Martins Street, Lagos Island, on Christmas Eve, destroying property estimated to be worth millions of naira. The fire outbreak, which occurred on Wednesday evening, triggered panic within the area as occupants of the affected building, alongside residents of neighbouring properties, hurriedly fled to safety. […]

FG to restart cash transfers to poor Nigerians
Economy featured

Nigeria’s Q2 2025 fiscal deficit hits ₦2.66trn

Nigeria recorded a fiscal deficit of ₦2.66 trillion in the second quarter of 2025, remaining within the ECOWAS convergence limit of three percent of Gross Domestic Product, according to the Budget Office of the Federation. This disclosure is contained in the 2025 Second Quarter Budget Implementation Report released by the Budget Office of the Federation, […]