Governors of the 36 states of the federation have agreed to work together to tackle epileptic power supply in the country, Sunday PUNCH has learnt. As part of measures to achieve this objective, the governors have agreed to take steps to break the monopoly of Discos in power distribution across […]

President Bola Tinubu on Friday, approved the appointment of Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). The appointment is in line with the extant law signed on April 3, 2024, which empowers the President of the Federal Republic of Nigeria appoints the Board […]

Akin Monehin is an entrepreneur and a Business Transformation Manager at Shell. He is the husband to Omowumi Monehin, an attorney at law and Co-Founder of Wumi’s Bakery and Bistro. They both relocated to Qatar and are blessed with two sons whose love for bread waned as the quality of […]

Members of the organised labour, on Friday, protested and shut down the headquarters of Nigeria Social Insurance Trust Fund (NSITF) over alleged cut of workers’ salaries in the agency by the management of the fund. The aggrieved protesters, led by the President of Trade Union Congress (TUC), Festus Osifo and […]

The naira, Nigeria‘s currency, has continued to fall across official and unofficial foreign exchange (FX) as speculators scoop dollars amid increased supply. The local currency opened trading on Friday morning with the dollar selling at N1,430 on the parallel market, popularly called black market. This represents 2.09 percent depreciation against […]

How Tinubu Government Borrowed Over N3.8trillion From Nigerian Central Bank In Six Months – Report In the last six months of 2023, the President Bola Tinubu-led Nigerian government received an additional N3.8trillion in what appeared to be a fresh Ways and Means borrowing. This was confirmed in a provisional data published […]

Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents. The development has made consumers groan, saying the hikes in the prices of goods have affected their budgets. Prices of food items […]

President Bola Tinubu has arrived in Riyadh, Saudi Arabia, to attend a special meeting of the World Economic Forum. The president just concluded an official visit to the Kingdom of the Netherlands. The World Economic Forum meeting will focus on global collaboration, growth, and energy for development, and it will […]

Travellers in Nigeria may soon benefit from lower airfares following the drop in the price of Jet A1, the fuel used by airlines. As reported by the PUNCH, the Dangote Petroleum Refinery announced on Tuesday a further price cut for diesel and aviation fuel, with the new rates set at […]

The total revenue that accrued to the coffers of the government from Value Added Tax between October 2023 and March 2024 increased by 58 per cent, Saturday PUNCH investigation has shown. This was contained in the various financial reports released by the Federation Account Allocation Committee between October 2023 and […]