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1 month ago | 
punchng.com | damilola aina |Arinze Nwafor
The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu, has called on the Nigerian Government to take urgent and strategic steps to enhance the ease of doing business with China. He particularly emphasised the need to fast-track the full implementation and expansion of the Nigeria–China currency swap agreement.
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1 month ago | 
punchng.com | Okechukwu Nnodim |Solomon Odeniyi |damilola aina |Dare Olawin |Dele Ogunyemi
P’Harcourt, Warri, Kaduna refineries’ MDs arrested Kyari, 13 senior ex-NNPCL officials face probeThe Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities.
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1 month ago | 
punchng.com | damilola aina |Solomon Odeniyi |Temitope Aina
Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence.
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2 months 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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2 months 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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2 months 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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2 months 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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2 months 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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Mar 7, 2025 | 
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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Feb 27, 2025 | 
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.
