NEWS
Marketers Fear Price Hike As FG Suspends Sale To Dangote
Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol, The PUNCH reports. The retailers are storing the product to ensure they have enough to sell at a higher rate, having projected that the price of petrol would go up soon as a...
Finance Ministry Secures N100bn To Boost Housing Project
The Ministry of Finance Incorporated (MOFI) has announced that it has raised N100 billion through the MOFI Real Estate Investment Fund (MREIF) to support the financing of affordable housing. MOFI had earlier, on December 20, 2024, announced that the N150 billion MREIF series one bond was fully subscribed. With the N100 billion series 2 offering in February 2025 for private investors,...
IG Warns Against Illegal Arrests, Prolonged Detention
Kayode Egbetokun, the Inspector-General of Police, has cautioned officers of the Nigeria Police Force against the illegal and extended detention of suspects. The IG stressed that suspects must not be detained beyond legally stipulated periods and warned that any officer found culpable of such violations would face strict disciplinary measures. Egbetokun noted that unlawful detentions erode public trust and confidence in...
Nigeria To Gain Power Generation Lessons From Egypt – Minister
The Federal Government has stated that it will study power generation and transmission practices from Egypt, which it regards as a model in the sector. The government also has reaffirmed its commitment to rural development through improved electricity access. The Minister of Power, Adebayo Adelabu, disclosed this during a recent meeting in Abuja with the Egyptian Ambassador to Nigeria, Mohammed Fouad. A...
Fubara Makes First Public Appearance After Suspension
Suspended Rivers State Governor Siminalayi Fubara has made his first public appearance after his suspension from office. Fubara was seen attending a church service on Sunday at the headquarters of Salvation Ministries in GRA, Port Harcourt. Fubara attended the service alongside his Chief of Staff, Edison Ehie. His appearance comes days after President Bola Tinubu declared a state of emergency in Rivers...
Coalition Talks Face Hurdles As Atiku’s Bid, Zoning Threaten Negotiations
As the move to form a coalition to challenge President Bola Tinubu in 2027 intensifies, Sunday PUNCH has learnt that the ambition of former Vice President Atiku Abubakar and zoning dispute are stalling negotiations among political leaders. A reliable source involved in the coalition discussions revealed that the camps of 2023 Labour Party presidential candidate, Peter Obi; and former Rivers State Governor, Rotimi...
SERAP Sues Tinubu Over Fubara, Deputy, Lawmakers’ Suspension
The Socio-Economic Rights and Accountability Project has filed a lawsuit against President Bola Tinubu, claiming that the governor of Rivers State, his deputy, and members of the House of Assembly were suspended "illegally." The six-month suspension was announced while the president proclaimed a state of emergency in the state. SERAP argued that the decision violates constitutional provisions and undermines democratic governance. The lawsuit, filed...
Police Inspector Goes Wild In Calabar, Kills One, Injures Two, Kidnaps Coworkers
On Sunday morning, Effiong Bassey, a police inspector, went on a rampage in Calabar, Cross River State, killing Mrs. Ijoema Obot, a 41-year-old civilian, and wounding two others. The incident occurred around 6:00 AM after Inspector Bassey returned from night duty at a microfinance bank in Calabar South to the Atakpa Divisional Police Station. According to reports, upon his return, he...
Police Rescue Abducted Anambra Priest, Recover Suspects Vehicle
Reverend Father Stephen Echezona, who was kidnapped by gunmen at a gas station in Ichida, Anaocha Local Government Area, has been rescued by the Anambra State Police Command. The assailants, operating in a white Lexus SUV without a plate number, took the priest in his own vehicle after abandoning theirs during a gun exchange with security operatives who responded to...
Enugu Set To Exceed ₦600bn IGR Target For 2025 – Mbah
Enugu State Governor Peter Mbah says his administration will raise more money for development projects by exceeding the estimated Internally Generated Revenue (IGR) target of ₦600 billion for 2025. Mbah gave the assurance on Saturday night in Enugu during his investiture as President of the Enugu Sports Club. Recall that Mbah inaugurated the newly remodeled clubhouse, as well as the installation of...
