External debt rises to N13tn over naira depreciation
Nigeria’s weak naira has pushed the country’s external debt up by N13.38tn; findings by The PUNCH have shown. Although the total external debt increased by $490m between the first quarter of 2023 and the second quarter of 2023, the value in naira increased significantly, according to data from the Debt Management Office. The main reason […]
I’ll find solution to Oil, Gas challenges, says Tinubu
President Bola Tinubu on Tuesday assured international investors that he is poised to solve the challenges in Nigeria’s oil and gas industry having worked in the sector himself. Consequently, he said Nigeria is open for business now more than ever. “We know the industry. We grew up in it. We are positioned to solve the […]
Police invited Sam Larry, Mohbad failed to show up– FCID
The Lagos Annex, Force Criminal Investigation Department of the Nigeria Police Force, Zone 2, Alagbon, has revealed that it invited music promoter, Samson Balogun, aka Sam Larry and others, after receiving a petition filed by late singer, Ilerioluwa Aloba aka Mohbad, over alleged assault, amongst others. In a chat with Punch, the spokesperson for the […]
25-year-old Nigerian shines at New York Film Academy
A 25-year-old Nigerian filmmaker, Idorenyen Uko, has achieved academic excellence by graduating with the highest distinction from the New York Film Academy, Los Angeles, United States of America. Uko, who hails from Akwa Ibom State boasted a perfect Cumulative Grade Point Average of 4.00, NAN reports. During her academic journey at the academy, Uko, directed […]
FG to establish poverty alleviation trust fund
The Federal Government is going to establish a Presidential Humanitarian and Poverty Alleviation Trust Fund, the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, announced on Thursday in Abuja. Edu, who spoke at the headquarters of the humanitarian ministry, while playing host the Country Director, Bill and Melinda Gates Foundation, Jeremie Zoungrana, said […]
Aliko Dangote Retains Title as Africa’s Wealthiest Individual
In the latest edition of the esteemed Bloomberg Billionaires Index, Aliko Dangote, the President of Dangote Group, has firmly upheld his position as Africa’s wealthiest person. Even amid the fluctuations of the Nigerian currency against the mighty dollar, Dangote’s wealth stands strong at an impressive $15.6 billion, securing his prominent place atop the list of […]
Akwa Ibom sets up N100m intervention fund for physically challenged students
Governor of Akwa Ibom State, Pst Umo Eno, has announced a N100 million Educational Intervention Fund for physically challenged students of Akwa Ibom origin studying in public institutions, as well as other disabled students residing in the state. The Governor made this announcement during a courtesy visit by the University of Uyo chapter of the National […]
FG levies motorists N1,000 yearly for proof of ownership certificate
The Federal Government has introduced an annual fee of N1,000 to be paid by motorists in the country for Proof of Ownership Certificate verification. The Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, made this known on Tuesday. Toriola disclosed that the certificate would help vehicle owners and the government guarantee the integrity of all […]
HIV/AIDS: Nigeria Aims to Achieve Epidemic Control by 2030 – FG
The National Coordinator of the National HIV/AIDS, Viral Hepatitis, and STI Control Programme at the Ministry of Health, Adebobola Bashorun, announced on Tuesday that Nigeria is targeting epidemic control of HIV/AIDS by 2030. According to the 2019 Nigeria National HIV/AIDS Indicator and Impact Survey, there are currently approximately 1.9 million Nigerians living with the virus. […]
Reconciliation: Atiku, Wike missing at PDP’s select NWC meeting
The presidential candidate, Atiku Abubakar, his running mate, Ifeanyi Okowa, as well as aggrieved members of the Integrity group led by former governor Nyesom Wike were all missing at the meeting of a select committee of the National Working Committee of the Peoples Democratic Party at the party’s secretariat on Tuesday. PDP’s National Organising Secretary, […]
