Month: September 2026

The House of Representatives Public Accounts Committee has commenced an investigation into ₦432.07 billion in outstanding regulatory debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies. The probe followed findings in the Auditor-General’s reports on unpaid petroleum-related obligations. The 2023 audit report put the combined debt at ₦392.73 billion, with NNPCL owing ₦162.46 billion and oil […]

The Minister of Education, Dr Tunji Alausa, has commended the National Youth Service Corps (NYSC) for using technology to improve its operations and combat fraudulent activities. Alausa gave the commendation when the NYSC Director-General, Brigadier General Olakunle Nafiu, paid him a courtesy visit in Abuja. The minister praised the scheme’s adoption of digital technology in the registration and deployment of corps members, saying it had made the process more efficient […]

Nigerian manufacturers spent about N1.34 trillion on alternative electricity in 2025 as persistent power outages forced factories to rely on diesel generators, gas and other off-grid energy sources. Data from the Manufacturers Association of Nigeria (MAN) showed that the amount increased by about 21 per cent, from N1.11 trillion in 2024. MAN also reported that average daily electricity supply to manufacturers fell from 16.7 hours in the first half of […]

Kogi State Governor, Ahmed Usman Ododo, has inaugurated a 17-member All Progressives Congress (APC) Peace and Conflict Resolution Committee to reconcile aggrieved members and strengthen the party ahead of the 2027 elections. The committee is chaired by former Kogi State Governor, Captain Idris Wada. Ododo urged the committee to engage aggrieved members, listen to their concerns and find lasting solutions to internal disputes. He said unity was crucial to the […]

President Bola Tinubu has been urged to cancel the N4,000 result verification fee introduced by the West African Examinations Council (WAEC) and the National Examinations Council (NECO). The call was made by the PUNCH Editorial Board, which described the fee as an additional burden on students and families already struggling with the rising cost of education. WAEC and NECO recently announced the one-off fee for candidates seeking admission into tertiary […]

The Central Bank of Nigeria (CBN) has strengthened its supervision of banks and other financial institutions to prevent the use of the financial system for terrorism financing and other illicit activities. The apex bank said terrorism financing supervision is now one of its priorities as part of efforts to protect Nigeria’s financial system from abuse. According to the CBN, its enhanced monitoring will focus on how financial institutions manage terrorism […]

Former Labour Party presidential candidate, Peter Obi, has urged the Federal Government to intensify efforts to secure communities affected by terrorism and ensure the safe return of displaced Nigerians. Obi made the call after visiting an internally displaced persons (IDP) camp in Mangu Local Government Area of Plateau State. He said more than 45,000 people had reportedly been displaced, with over 20 communities allegedly affected by terrorist attacks. Obi said […]

The Chartered Institute of Bankers of Nigeria (CIBN) has said Nigeria’s improving economic indicators will mean little if they do not translate into better living conditions for citizens. The President and Chairman of Council of the CIBN, Dr Dele Alabi, made the remarks at the institute’s 19th Annual Banking and Finance Conference in Abuja. Alabi said the success of Nigeria’s economic reforms should be measured by their impact on households […]