Category Archives: cover

Solar power: FG attracts investors with pioneer status

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said investors can now manufacture solar systems in the country following the recent review of the pioneer status incentive. Fashola stated this in Lagos on Thursday at the launch of the book, entitled ‘Solar Electricity Generation for Off-grid Communities in Nigeria,’ written by the […]

Appeal Court jails Kebbi ex-AG 70 years for N1.6bn fraud

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The Court of Appeal, Kebbi Division, has sentenced a former Kebbi State Accountant-General, Mohammed Dakingari, to seventy years in prison for N1.6bn fraud. He was sentenced to seven years imprisonment on each of the ten counts preferred against him. The appellate court upturned the judgment of a Kebbi State High Court which discharged and acquitted […]

Oyedepo celebrates escape from third potential plane crash

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Bishop David Oyedepo of the Living Faith Church Worldwide, otherwise known as Winners’ Chapel, on Friday chronicled his escape from a recent incident that could have led to a crash of the plane that he was travelling in. Saturday PUNCH learnt that Oyedepo was travelling from Cyprus to Israel in company with his wife and three […]

Fresh $5.5bn loan: Youth groups threaten mass protest

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Some youth groups across the country have vowed to protest against the Federal Government’s plan to get fresh $5.5bn loan, thus adding to Nigeria’s N19.2tn debt profile. The groups described the country’s increasing debt profile as worrisome and capable of mortgaging their future and that of coming generations. They told Saturday PUNCH in separate interviews on Thursday […]

Sani to FG: Include Presidency cabal, APC members in looters’ list

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The lawmaker representing Kaduna Central Senatorial District, Senator Shehu Sani, has urged the Federal Government not to limit the names of treasury looters being compiled for publication to members of the opposition Peoples Democratic Party. Sani, who spoke figuratively in a Facebook post on Friday, said the list should include members of the ruling All […]

Nigeria on track for global aviation growth – Demuren

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A former Director-General of the Nigerian Civil Aviation Authority, Dr. Harold Demuren, has said that despite the challenges facing the nation’s aviation sector, it will not be left out of the global industry growth prospect. Demuren, in an interview with journalists in Lagos, said the future of aviation in the country was bright and would […]

FG to spend N15bn on solid mineral exploration

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Nigeria plans to spend N15bn ($42m) next year to explore for solid minerals and attract investors into mining and reduce its dependence on oil, the Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said. “Because we are starting from a low base, we want to have a portfolio of exploration activities in place that […]

We contributed $29bn to Nigeria in four years – Shell

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Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn. The company’s General Manager, External Relations, Mr. Igo Weli, made this known in Yenagoa, the Bayelsa State capital, during the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbema/Oporoma Community Leadership. Weli , represented by […]

Skye Bank, First Bank to take over Evans Medical

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Evans Medical Plc, on Friday, informed its shareholders and other stakeholders as well as the Nigerian Stock Exchange of the move by Skye Bank Plc and First Bank of Nigeria Limited to take over the company. This was contained in a letter filled with the NSE. Both banks were said to have served Evans Medical […]

Anambra poll: Osinbajo, Saraki, govs for Nwoye’s rally today

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The Vice-President, Prof. Yemi Osinbajo, and the Senate President, Bukola Saraki, are expected to lead a delegation of the national leaders of the All Progressives Congress’ to Anambra State on Friday (today). The APC delegation will be in Anambra for the inauguration of the campaign of the party’s candidate in the November 18 poll in […]