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News
Man drowns after alleged cultists’ chase into Lagos river
12+ hour, 42+ 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…...
NESG faults financing, energy costs for industrial decline
17+ hour, 39+ min ago (420+ words) The Nigerian Economic Summit Group has raised concerns over the decline of Nigeria’s manufacturing sector, blaming high energy costs, import competition, inadequate financing and weak industrial coordination for the country’s poor productive capacity. The NESG, in a statement issued on…...
Diezani: UK acquittal won’t end Nigeria’s probe, HEDA says
17+ hour, 20+ min 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, 51+ 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…...
Kaduna senator builds ICT centre to bridge digital divide
16+ hour, 10+ min ago (428+ words) File: Senator Sunday Marshal Katung The senator representing Kaduna South Senatorial District, Sunday Katung, has said his decision to construct a 700-capacity Information and Communication Technology and Computer-Based Test centre in Zonkwa, Zangon Kataf Local Government Area, is aimed at…...
Dangote refinery begins N2.15tn share offer today
17+ hour, 49+ 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
17+ hour, 19+ 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, 27+ 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…...
Banks shut 476 branches in three years – CBN
16+ hour, 23+ min ago (829+ words) Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, reducing their physical footprint by 8.8 per cent in three years, according to data from the Central Bank of Nigeria. Figures contained in the CBN’s 2025 Statistical Bulletin…...
The Dangote Refinery IPO
17+ hour, 17+ 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…...