Author: Ifetayo Adeniyi

CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title. Mexico defeated the United States 2-1 to retain the CONCACAF Gold Cup and lift the title for a record-extending 10th time on Sunday. A 77th-minute header from Mexico skipper Edson Alvarez completed a come-from-behind victory after a typically hard-fought tussle between the North American arch-rivals and 2026 World Cup co-hosts. The win was no less than Mexico deserved after dominating for long periods against Mauricio Pochettino’s inexperienced USA side, who went into the tournament missing several first-choice regulars. Alvarez’s winner…

MTN, Huawei launch Nigeria’s first 800G optical network MTN Nigeria MTN Nigeria and Huawei have unveiled the country’s first high-speed 400G-800G Hybrid Automatically Switched Optical Network, aimed at improving Nigeria’s digital infrastructure. In a joint statement made available to PUNCH Online, both companies said the new optical network would bring a major boost in internet speed and data capacity. The initiative is designed to help MTN handle the rising demand for data from homes, businesses, and cloud services. The project includes the first deployment of L0 + L1 (Optical + Electrical) ASON on MTN’s Lagos transmission line, making it the…

Osimhen ends Napoli stay, finally decides in favour of  Galatasaray Victor Osimhen Osimhen ends Napoli stay, finally decides in favour of  Galatasaray Napoli striker, Victor Osimhen, has agreed to join Turkish club Galatasaray on a permanent deal, PM News has learnt. Investment opportunities The news was shared by Nigerian sports journalist, Buchi Laba, who is known to be close to the Super Eagles forward. According to Laba, Osimhen has finally said “yes” to leaving Napoli for Galatasaray after weeks of speculation about his future. In a post on X, Laba wrote: “Exclusive: Victor James Osimhen says YES to Galatasaray and…

Shot put: Chukwuebuka Enekwechi shines as first African to hit 22m mark Chukwuebuka Enekwechi Shot put: Chukwuebuka Enekwechi shines as first African to hit 22m mark Chukwuebuka Enekwechi shines as first African to hit 22m mark. Chukwuebuka Enekwechi made history at the 2025 Prefontaine Classic in Eugene on Saturday, smashing the African shot put record with a throw of 22.10m to finish third. The 32-year-old became the first African to break the 22-metre barrier in men’s shot put and now owns seven of the continent’s top ten all-time marks. “It’s the highest result score of my career,” said Enekwechi, whose…

In Q1 2025, consumers paid N553bn for electricity – NERC In Q1 2025, consumers paid N553bn for electricity – NERC Nigerian electricity consumers paid a total of ₦553.63 billion for electricity supply in the first quarter of 2025, representing an 8.59% increase compared to the ₦509.84 billion collected in Q4 2024, the Nigerian Electricity Regulatory Commission (NERC) has disclosed. The Q1 2025 report released on Wednesday revealed that the amount collected was 74.39% of the total ₦744.27 billion billed to consumers during the period. According to the report, Ikeja Electric led in revenue collection with ₦101.92 billion, followed by Eko…

Kerojet Services CEO Femi Balogun Marks Birthday with Major Empowerment Drive in Lagos CAPTION Pix 1: L-R: Umar Usman; Director, Kerojet Services Ltd, Alimi Shakirat; Beneficiary, The Pillar Dream Living Foundation, Mr. Femi Balogun, Managing Director/CEO, Kerojet Services Ltd; Lawal Babatunde Bello; Beneficiary, and Mr. Tayo Ogundehin; CEO/MD, Goal Energy Ltd, at the Femi Balogun birthday-driven CSR empowerment held today in Ipaja, Lagos ….. Empowering Over 45 Nigerians with Business Tools and Launching New ICT Centre In a remarkable show of generosity and community commitment, Femi Balogun, Founder and Managing Director of Kerojet Services Limited, commemorated his birthday with a…

Femi Balogun: Leading the Way with Integrity and Impact Femi Balogun In Nigeria’s fiercely competitive aviation fuelling sector, where reliability and reputation are everything, Femi Balogun has emerged as a transformative leader. As founder and Managing Director of Kerojet Services Limited, Balogun has built a company that delivers not just fuel but trust, forward-thinking solutions, and genuine social impact. He has transformed Kerojet into a global player, capable of supplying aviation fuel to any corner of the world. His journey, from the quiet streets of Iragbiji in Osun State to the forefront of Nigeria’s energy sector, is a testament to…

Rashidi Ladoja Set To Become Next Olubadan Rashidi Ladoja Rashidi Ladoja Set To Become Next Olubadan A former Governor of Oyo State, Rashidi Ladoja, is set to succeed the late Olubadan of Ibadanland, Oba Olakuleyin, who died in the early hours of Monday, sources in the state have said. According to those familiar with the Ibadan traditional rulership, Ladoja is the preferred candidate to take over from Oba Olakuleyin, except the Oyo State government decides to take a different path. As the Otun Balogun of Ibadanland, Ladoja, who ruled the state from 2003 to 2007, has always expressed his lifetime…

Q1, FG incurs N536bn electricity subsidy amid N4tn debt FILE: Electricity Grid Q1, FG incurs N536bn electricity subsidy amid N4tn debt • FG planned to pay N2tn of the N4.7tn debt before the end of this quarter. The Federal Government hit a total of N536.4bn in electricity subsidy obligations in the first quarter of 2025 alone, amid its struggles to pay over N4tn debt owed to power generation companies. The Nigerian Electricity Regulatory Commission disclosed this in its latest report obtained by our correspondent, saying the subsidy obligation of the government increased by N64.7bn, from N471.69bn in the last quarter…

NUPRC generates N28bn from oil licensing fees Nigerian Upstream Petroleum Regulatory Commission NUPRC generates N28bn from oil licensing fees The Nigerian Upstream Petroleum Regulatory Commission has earned a total sum of N28.11bn in miscellaneous oil revenue tied to licensing fees and renewals within the first five months of 2025. The fund collected by the commission between January and May 2025 was remitted fully to government coffers. This comes amidst the scramble by over 40 Petroleum Prospecting Licence holders to renew their exploration permits. An analysis of data from the monthly revenue submission by the regulatory commission to the Federal Accounts…