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2 weeks ago | 
punchng.com | damilola aina |John Charles |Collins Agwam |Tunde Oyekola |Ahmed Kagana Amshi |Maiharaji Altine | +3 more
The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account.
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3 weeks ago | 
punchng.com | Stephen Angbulu |damilola aina |Dare Olawin |Dele Ogunyemi
President Bola Tinubu’s decision to sack Mele Kyari and other board members of the Nigerian National Petroleum Company Limited stems from mounting concern over performance and a failure to meet key production targets, Presidency officials have disclosed. In an abrupt move on Wednesday, Tinubu removed Kyari, who had been at the helm of the national oil company since 2019, as part of a broader overhaul, which the Presidency said was aimed at boosting Nigeria’s crude and gas output.
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3 weeks ago | 
punchng.com | Solomon Odeniyi |damilola aina
Thirty-five states voted N214 billion for local security outfits, defence initiatives, and the purchase of arms and equipment in their 2025 budget, The PUNCH reports. Despite the substantial funding allocated to eliminate insecurity, no fewer than 367 individuals have been killed during Yuletide and Sallah celebrations between 2019 and 2025. The states’ budgets are contained in Open States, a BudgIT-backed website that serves as a repository of government budget data.
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1 month ago | 
punchng.com | damilola aina |Dirisu Yakubu |Stephen Angbulu |Dennis Naku |Nathaniel Shuaibu
Multiple sources from the Presidency have told The PUNCH that political leaders from the South-South, especially governors from the region, are making efforts to reconcile warring parties, insisting the emergency rule is a stop-gap measure to allow for reconciliation.
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1 month ago | 
punchng.com | Sami Tunji |damilola aina
Nigeria Extractive Industries Transparency Initiative The Federal Government deducted N800bn from state allocations in 2024 to service foreign debts and other contractual obligations, according to the latest FAAC Quarterly Review released by the Nigeria Extractive Industries Transparency Initiative.
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1 month ago | 
punchng.com | Imoleayo Oyedeyi |Dare Olaiwin |damilola aina
Some employees of Ikeja Electric have recounted how Nigerian Air Force officers from the Sam Ethnan Air Force Base in Ikeja, Lagos State, brutalised them on Thursday during an invasion of the company. The soldiers were said to have stormed the IE headquarters in the Alausa area of the state capital, Ikeja, in a military truck, two OP-MESA vehicles, and others at about 7:40am.
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1 month ago | 
punchng.com | damilola aina |Dare Olawin |Josephine Ogundeji
In its bid to enhance the liquidity of the Nigerian Electricity Supply Industry, the Federal Government has said it is considering plans to regularise the electricity tariffs to address disparities in the current billing system for customers outside the Band A category. The proposed hike seeks to align tariffs for customers in the Band B and C categories with the N206/kW rate paid by Band A customers, who make up approximately 15 per cent of the total 12.82 million power consumers nationwide.
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2 months ago | 
punchng.com | Dirisu Yakubu |damilola aina
The House of Representatives Public Accounts Committee, on Tuesday, initiated an investigation into the outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited and oil companies. The investigative hearing, chaired by the sub-committee Chairman, Akinlade Isiaq, followed queries issued by the Office of the Auditor-General for the Federation regarding NNPCL’s financial obligations.
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2 months ago | 
punchng.com | damilola aina |Moses Adeniyi
Transmission Company of Nigeria logo To combat the rising vandalism of power infrastructure, the Transmission Company of Nigeria on Tuesday launched a sensitisation campaign across several Federal Capital Territory communities. The campaign took TCN officials to Leleyi Gbari, Kwali Area Council, with the aim of raising awareness among residents on the need to protect the nation’s power infrastructure.
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Jan 21, 2025 | 
punchng.com | damilola aina |Gift Habib |Maiharaji Altine |Justin Tyopuusu |Matthew Ochei |Samuel Ese | +4 more
Despite spending more than N14.36 billion on alternative sources of electricity for rural areas across the federation in 2024, the Federal Government proposed to spend N1.3 trillion to deepen its efforts in 2025. The Rural Electrification Agency will handle the projects under the Ministry of Power. This is as the REA, which the Economic and Financial Crimes Commission is probing for N12.7 billion fraud, has failed to connect hundreds of communities to the national grid.
