Author: Ifetayo Adeniyi

NGX, CBN give financial skills to empower over 200 students NGX, CBN give financial skills to empower over 200 students. The Nigerian Exchange Group (NGX Group), in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney, has empowered over 200 students with essential financial literacy skills. This initiative, part of the 2025 Global Money Week celebration, underscores the growing importance of early financial education in fostering a generation of financially savvy individuals who can make informed economic decisions. The students were not only exposed to critical financial concepts but also had the rare opportunity to witness the fast-paced…

NNPC’s Forward Oil Sales Reach $21.5bn in Six Years, Affecting Domestic Crude Obligations *11 deals have been engaged in by the NNPC since 2019 Forward crude sales by the Nigerian National Petroleum Company Limited (NNPC), have reached $21.565 billion since 2019, further buttressing why it’s almost impossible for the national oil company to meet its Domestic Crude Supply Obligation (DCSO) to local refiners. The document obtained from impeccable sources indicated that since the controversial ‘Project Gazelle’ in 2023, the NNPC has gone into at least two other agreements, tagged ‘Project Leopard’ and ‘Project Gazelle II’, which will cost the company…

Elumelu Supports 3,000 Young African Entrepreneurs with $15m Tony Elumelu Elumelu Supports 3,000 Young African Entrepreneurs with $15m The Chairman, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has unveiled $15 million to 3,000 young African entrepreneurs for the 11th cohort of the foundation. Each selected business is entitled to $5,000 seed capital. Elumelu said the foundation remained humbled by progress recorded across all 54 African countries to date. Speaking at the unveiling of the 2025 Cohort of the TEF Entrepreneurship Programme in Abuja over weekend, he said 15 years into the journey, TEF had achieved remarkable feats in impacting lives…

Transcorp Hotels Becomes Hospitality Company of 2024 Transcorp Hotels Becomes Hospitality Company of 2024 • Profit Before Tax increased by 138 percent to N22.61 billion in 2024 from N9.48 billion in FY 2023. Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has been awarded “Hospitality Company of the Year 2024” at the Independent Newspapers Awards. In a statement, the organisers noted that the award is in recognition of the transformation that the Transcorp brand has undergone over the years, especially since the COVID-19 pandemic. “Such feat has come through deliberate asset renewal, planning and reinvesting that has ensured that…

Nigeria’s ready to acquire knowledge on power generation from Egypt – Minister Minister of Power, Adebayo Adelabu Nigeria’s ready to acquire knowledge on power generation from Egypt • The two countries to have mutual benefits and strengthen bilateral ties. The Federal Government says it will learn power generation and transmission from Egypt which it described as a role model in the sector. The government also has reaffirmed its commitment to rural development through improved electricity access, The Minister of Power, Adebayo Adelabu, disclosed this during a recent meeting in Abuja with the Egyptian Ambassador to Nigeria, Mohammed Fouad. A…

Nigeria sends trucks of petrol to ease Niger’s crisis Map of Niger Republic Nigeria sends trucks of petrol to ease Niger’s crisis • Delegation of senior officials of the military junta travelled down to Abuja to discuss on fuel. The pump prices of Premium Motor Spirit (petrol) in neighbouring Niger Republic have started reducing following the supply of the commodity from Nigeria. Multiple residents in border communities and insider security sources familiar with the development confirmed that hundreds of petrol tankers have started making their way from Nigeria to Niger Republic. Recall that on March 16, 2025, Sunday PUNCH exclusively…

Naira-for-crude: Marketers hike price as FG suspends sale to Dangote Dangote Refinery Marketers hike price as FG suspends sale to Dangote • As Dangote stops sales of PMS, private depots in Lagos jumped to about N900/litre. Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol. The retailers are storing the product to ensure they have enough to sell at a higher rate, having projected that the price of petrol would go up soon as a result of the failure of the Federal…

Kashifu Inuwa asks for collaboration between FG and MTN on digital literacy Kashifu Inuwa asks for collaboration between FG and MTN on digital literacy The Director-General of the National Information Technology Development Agency, Kashifu Inuwa, has called for a partnership between NITDA and the MTN Foundation to promote digital literacy and capacity building in Nigeria. Inuwa made this appeal during a courtesy visit by an MTN Foundation delegation, led by Executive Secretary Odunayo Sanya, at NITDA’s corporate headquarters in Abuja, recently. According to a statement, the DG emphasised the importance of collaboration in advancing digital literacy and supporting President Bola…

Postgraduate students ineligible for FG’s student loan — NELFUND Postgraduate students ineligible for FG’s student loan — NELFUND The Nigerian Education Loan Fund (NELFUND) has revealed that more than 271,000 Nigerian students pursuing tertiary education have received a financial lifeline through the Federal Government’s Student Loan program since its launch in May 2024. It also clarified the eligibility criteria for the scheme, explaining why students pursuing post-graduate programmes are not qualified to apply for the facility. Managing Director of the Fund, Akintunde Sawyerr, gave the revelation while speaking on TVC’s Breakfast Saturday.

Kogi takes over electricity regulation commission Governor Ahmed Usman Ododo Kogi takes over electricity regulation commission The Kogi State Electricity Regulatory Commission has officially taken over the regulation of the state’s electricity sector. The Special Adviser to the State Governor on Media, Ismail lsah, disclosed this on Sunday in a statement made available to newsmen in Lokoja. “Under the leadership of Governor Ahmed Usman Ododo, the state has leveraged the amended Electricity Act 2023 to take full control of its power sector, reducing reliance on the regulatory and distribution framework of the old order in Nigeria. “As part of this…