The Inspector-General of Police, Kayode Egbetokun, on Tuesday, said President Bola Tinubu made a significant impact in his life and career. Egbetokun said he met Tinubu in 1998, and his life was transformed within 24 hours of the meeting. The IG spoke at the unveiling of a book in his honour titled “Readings in Policing, […]
The Nigerian Electricity Regulatory Commission has transferred regulatory oversight of the electricity market in Edo State to the Edo State Electricity Regulatory Commission. This decision was made in compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023. NERC disclosed this on its X handle on Wednesday. According to […]
The Naira depreciated on Tuesday to N1,600 per dollar in the parallel market, down from N1,590 per dollar last weekend. In contrast, the Naira appreciated to N1,579.22 per dollar in the Nigerian Autonomous Foreign Exchange Market. NAFEM is the trading segment for investors, exporters, and end-users where forex transactions are conducted at exchange rates determined […]
Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in technology and bolster their cybersecurity infrastructure. This was indicated in the offer prospectus of five lenders that have commenced their capital raise, to meet the new capital requirement of the Central Bank of Nigeria. In […]
The Nigerian National Petroleum Company Limited has confirmed that the Federal Government incurred a debt of N5.1tn in under-recovery and energy security expenses for fuel importation in 2023. It also stated that a total sum of N9.38tn, described as receivables, was incurred on behalf of the Federal Government in 2023 for fuel imports. In its […]
The Nigerian Air Force said airstrikes from its fighter jets have either killed or severely injured five terrorist commanders and 35 fighters in Borno State. The terrorists were bombed during operations in the Arina area, located at the Southern Tumbuns of the state, on August 18. The affected terrorist commanders, according to a statement on […]
The Katsina State Police Command has initiated a manhunt to apprehend the killers of a member of the Nigerian Hunters Association, Aliyu Yahaya, who was murdered in the Jibia local government area of the state. The Command’s Public Relations Officer, ASP Abubakar Sadiq, confirmed the ongoing investigation to the PUNCH on Wednesday morning, stating, “Efforts […]
Barack Obama told fellow Democrats in Chicago Tuesday that “the torch has been passed” to Kamala Harris and that the United States was ready for her to become president. Former president Obama, who was greeted with rapturous applause and cheers at the packed arena hosting the party’s nominating convention, said Vice President Harris would fight […]
Notable leaders from northern Nigeria are coming together for a pivotal summit focused on revitalising the region’s political and economic power, ahead of the 2027 elections. This was revealed in Abuja on Tuesday, during a gathering of the League of Northern Democrats, a group comprising former governors, senators, and other prominent figures from the region. […]
The Federal Government has inaugurated a 10-man inter-ministerial committee to enforce the Supreme Court judgment on local government autonomy. The Supreme Court had on July 11 granted local governments across the country autonomy. An apex court seven-man panel, in the judgment delivered by Justice Emmanuel Agim, declared that the 774 local government councils in the […]