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News
Man drowns after alleged cultists’ chase into Lagos river
12+ hour, 22+ min ago (397+ words) A man identified simply as Opeyemi has drowned after he allegedly jumped into a river while being chased by suspected cultists in the Agility area of Mile 12, Lagos State. A police source told PUNCH Metro on Sunday that the incident…...
Diezani: UK acquittal won’t end Nigeria’s probe, HEDA says
17+ hour ago (487+ words) HEDA, in a statement on Sunday by its chairman, Olanrewaju Suraju, said the June 17 verdict of the Southwark Crown Court Jury should be respected but limited to the specific bribery charges prosecuted in the UK. The group said the verdict…...
Nigeria hits 1.68mbpd, sustains OPEC quota for four months
14+ hour, 31+ min ago (503+ words) File: Crude oil illustration Nigeria’s crude oil and condensate production rose to 1,677,777 barrels per day in August 2026, representing a 0.4 per cent increase from the 1.67 million barrels per day recorded in July. The increase, though modest, marked another month of improved oil…...
Dangote refinery begins N2.15tn share offer today
17+ hour, 29+ min ago (634+ words) Dangote Petroleum Refinery & Petrochemicals FZE has announced the commencement of its Initial Public Offering, marking a milestone in Nigeria’s economic development and the evolution of Africa’s capital markets. The offer will be formally launched at a ceremony on the trading…...
Police arrest 262 suspects, rescue 27 kidnapped victims
16+ hour, 59+ min ago (477+ words) The Nigeria Police Force arrested 262 suspects and rescued 27 kidnapped victims during various operations across the country between September 5 and 11, 2026. The Force also recovered 34 firearms, 375 rounds of live ammunition and 11 vehicles, while 11 armed suspects were neutralised during the operations. The figures…...
2027 budget: FG gives MDAs September 18 deadline
16+ hour, 7+ min ago (1554+ words) File: Director-General of the Budget Office of the Federation, Tanimu Yakubu The Federal Government plans to submit the 2027 budget proposal to the National Assembly in September, in an attempt to advance the budget cycle amid persistent implementation challenges and overlapping…...
The Dangote Refinery IPO
16+ hour, 57+ min ago (1278+ words) THE Dangote Petroleum Refinery and Petrochemicals initial public offering is a test of whether Nigeria can convert one of its most consequential industrial investments into a broader instrument of wealth creation. This will also show how deep its capital market…...
Coca-Cola says 70,000 Nigerian youths gain skills, jobs
16+ hour, 40+ min ago (416+ words) The Coca-Cola System in Nigeria says more than 70,000 young Nigerians have benefited from its empowerment programmes through training in life skills, entrepreneurship and access to internship opportunities. The company, in statements made available to The PUNCH on Sunday, said its…...
Petrol subsidy return may cost Nigeria N19tn annually – CPPE
17+ hour, 31+ min ago (539+ words) The Centre for the Promotion of Private Enterprise has warned that a return to universal petrol subsidy could cost the government about N19.16tn annually. The think tank said such a huge expenditure would impose an enormous opportunity cost on Nigeria’s already…...
States miss jobs, revenue from $700bn mineral wealth
17+ hour, 21+ min ago (1191+ words) Dele Alake, Minister for Solid Minerals Development Nigeria’s 36 states and the Federal Capital Territory are sitting on vast deposits of solid minerals estimated at more than $700bn, yet most states have done little to turn the resources within their territories into…...