Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners. The editors…
Electricity The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise…
As Air Peace commences the lucrative Lagos-London route, there are strong indications that two other domestic carriers: United Nigeria Airlines and Ibom Air, are working assiduously to join the route network. Chairman of United Nigeria Airlines, Prof. Obiora Okonkwo, gave the hint on Friday night during the celebration of Air Peace’s inaugural flight to…
The management of the University of Ilorin (UNILORIN), Kwara State, has expelled 19 students after being found guilty of theft, examination malpractices and other acts which violated the school code of conduct. This was announced in a press statement by the Director of Corporate Affairs of the University, Kunle Akogun, on Monday, stating that at…
There was panic on Friday after a middle-aged man identified simply as AJ was found dead in his car at Mechanic Village in the Idimu area of Lagos State. Gathered that the deceased was attending the Good Friday service in a church located in the area when the incident happened. The late AJ, who was…
Director-General, Debt Management Office, Patience Oniha In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings by Sunday PUNCH showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m…
In what looks like a pre-announcement to an epic political battle ahead in Kaduna State, Bashir El-Rufai has accused the State governor, Uba Sani, of shying away from his responsibility by always staying away from the state and hibernating in the Federal Capital Territory (FCT) Abuja. Bashir, who is a son of the immediate-past governor…
King Charles’ funeral plans are already set amid his battle with pancreatic cancer. Though he has been the British monarch for only 18 months, following his ascension to the throne on May 6, 2023, plans have been laid out for the eventual demise of King Charles III. When Queen Elizabeth II died, Operation London Bridge was activated to facilitate the smooth…
Residents of Oje area of Ibadan in Ibadan North-East Local Government are mourning the death of a special 84-year-old crocodile. The crocodile, before its death on Thursday, was tamed at the popular Delesolu’s Palace, Ibadan. It attracted many tourists to the ancient city of Ibadan with its uniqueness. Speaking about the mysterious crocodile, head of the family…
The Transmission Company of Nigeria says it has successfully restored the national power grid following its collapse at 4:28 pm on Thursday. TCN, in a statement on Friday, said the grid attained full recovery by 10 pm on the same day. However, the Eko Electricity Distribution Company said on Friday that it was able to…
