A business analyst, Michael Olajuwon, has said there is a need for the newly commissioned Dangote refinery to meet local demands before any other consideration. The chairman of Dangote Refinery, Aliko Dangote, said on Monday that once the plant is fully commissioned, it is expected that at least 40 per cent of the capacity will […]

Former professional boxer Mike Tyson has claimed actor Jamie Foxx suffered a stroke before he was rushed to the hospital last month. Recall the Oscar-winning actor was rushed to hospital following a “medical complication” he suffered while filming his upcoming Netflix movie, Back in Action. Fox was set to portray Mike in the boxing legend’s […]

The Central Bank of Nigeria has revoked the operating licenses of 132 microfinance banks in the country,  alongside those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday. The gazette stated that the […]

With less than one week to the end of his tenure, the President, Major General Muhammadu Buhari (retd.), on Tuesday, defended the heavy borrowings under his regime describing it as a “deliberate choice” to fight poverty and create economic growth for Nigerians. “It has been a deliberate choice for our government as a tool to […]

President Muhammadu Buhari has said that the policies taken by his administration were deliberately made for the development of the country, noting that Nigerians now appreciate why he closed the nation’s borders. He stated this on Tuesday at the inauguration of a new Customs Headquarters, built at the cost of N19.6 billion, in Abuja. Buhari […]

Afrobeat musician, Seun Kuti has been released on Tuesday night on bail, from the detention of the State Criminal Investigation Department, Panti, Lagos. The development was confirmed by his attorney, Adeyinka Olumide-Fusika, SAN, in a telephone interview with our correspondent on Tuesday night. “Yes, Ṣeun Kuti was released minutes ago,” he said. The PUNCH had […]

The Anambra State Governor, Professor Chukwuma Soludo, on Tuesday, described the Second Niger Bridge as a fundamental change that would accelerate economic growth in the South-East geopolitical zone. Speaking during the commissioning of the bridge in Delta State, Soludo said the people of the South-East had long advocated for this type of infrastructural development. He […]

The President, Major-General Muhammadu Buhari (retd.) on Tuesday commissioned the 1.2km Ikom Bridge constructed by his regime to boost economic activities in the state. The new bridge is located on a major South-North highway. Commissioning the project virtually in Ikom, Ikom LGA of Cross River State, Buhari stated that the project will boost the economic […]

The Federal Government on Tuesday attributed investment and better staff welfare as stimulants for improved performance especially in the security sector. The Minister of Interior, Rauf Aregbesola, made this known at the commissioning of the reconstructed Nigerian Security and Civil Defence Corps parade ground, staff quarters and office complex of retired civil defence officers in […]

Arsenal forward Bukayo Saka has committed his future to the club after signing a new contract till 2027. The Gunners have been looking at tying down the young winger to a new deal, with the two parties in February having reached an agreement in principle. Arsenal have now confirmed that Saka has finally put pen […]