Category: News

A fresh wave of Premium Motor Spirit (petrol) importation into the country has made the row between oil marketers and the Dangote Petroleum Refinery to linger, amid signs of deepening tensions in Nigeria’s downstream oil sector. This row deepened after independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 […]

The ruling App Progressives Congress, APC, is wooing the opposition governors with juicy offers to ensure President Bola Tinubu’s reelection in 2027. Ahead of the 2027 presidential elections, cross-party negotiations have intensified with the ruling All Progressives Congress courting opposition governors with high-states offers, The PUNCH can report. The move, as gathered, has ignited anxiety […]

Pope Leo XIV. (Photo by Alberto PIZZOLI/ aFP Pope Leo XIV’s offer to host peace talks between Russia and Ukraine at the Vatican has received instantaneous support of global leaders. Confirming this is the Italian Prime Minister Giorgia Meloni who announced on Monday that world leaders are excited that the planned talks could draw the […]

The Central Bank of Nigeria on Monday dismissed reports suggesting distress in a regulated financial institution, describing the claims as misleading and capable of triggering unnecessary panic in the financial system. In a press statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank assured Nigerians that the country’s banking sector […]

A foremost lawyer, Mr. Femi Falana, SAN, has raised constitutional concerns over a proposed bill that seeks to make voting compulsory for eligible Nigerians. The bill, sponsored by the Speaker of the House of Representatives, Tajudeen Abbas, proposes a fine of ₦100,000 or a six-month jail term for citizens who fail to vote during elections. […]

Labour Party’s candidate in the 2023 presidential election, Peter Obi, has said he is not fighting President Bola Tinubu, but is only fighting against hunger, poor education, and poor healthcare for Nigerians. He said this in Abuja on Monday following his return from Rome, Italy, where he attended the Pope’s inauguration on Sunday. The former […]

Tinubu, Fayemi and Obi exchanging pleasantries at the Vatican. Credit: Bayo Onanuga Presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, returned from a solemn visit to the Vatican, where he attended the recent inauguration ceremony held by the Holy See. Obi, in a statement on Monday via X, described the […]

The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a reduction in its overdraft exposure to the Federal Government and changes across other loan categories. According to the apex bank’s audited financial statements, net loans and receivables at the bank level dropped from […]

Africa’s richest man and industrialist, Alhaji Aliko Dangote, has said that the scale of the refinery was more than initial expectation. He spoke while receiving a delegation from the Lagos Branch of the Nigerian Society of Engineers (NSE) at the Dangote Petroleum Refinery at Ibeju-Lekki, Lagos State, on Monday. According to him: “Honestly, if we […]