• Ecuador intel chief, five Americans killed in Kenya helicopter crash

    Ecuador intel chief, five Americans killed in Kenya  helicopter crash
    Ecuador’s intelligence chief and five US citizens died when a helicopter carrying tourists crashed in central Kenya on Wednesday, killing all seven people on board, officials said.The accident happened at 09:13 am local time (0613 GMT), in Samburu county, north of the capital, Nairobi, according to the Kenya Civil Aviation Authority (KCAA), after the aircraft departed from the Loisaba wildlife reserve.Images shared by the Kenya Red Cross on X in the afternoon showed a crash site in flames
  • Pension contributors rise by 11,183,475 in Q1’26, representing 12% of labour force

    By Rosemary IwunzeThe National Pension Commission, PenCom, has said cumulative Retirement Savings Account, RSA registrations under the Contributory Pension Scheme, CPS,  rose by 11,183,475 in the first quarter of 2026 (Q1’26) to 11,183,475, from 11,040,227 recorded in Q4’25.Read Also: Retirees draw battle line with Lagos government over pension enhancementPenCom, in its first-quarter 2026 report, said active membership now corresponds to approximately 12.1 per cent of Nigeria&r
  • Troops intercept terrorists’ canoes, disrupt logistics in Zamfara

    By Kingsley OmonobiTroops of Operation Fansan Yamma have intercepted three disassembled canoes reportedly procured by a suspected terrorist kingpin, Shehu Bagewaye, to facilitate the movement of his fighters across riverine areas in Zamfara State.The operation, carried out on August 23, 2026, followed credible intelligence that the terrorist leader had arranged for the canoes to be procured from Yauri Local Government Area of Kebbi State and transported to Zamfara.Media Information Officer of O
  • Retirees draw battle line with Lagos government over pension enhancement

    By Victor Ahiuma-YoungA major confrontation is looming between Lagos State Government and retirees under the Contributory Pension Scheme, CPS, as pensioners have issued Governor Babajide Sanwo-Olu an August 31  ultimatum to pay their long-awaited apension enhancement and wage award or face what they described as the “mother of all protests.”Read Also: Sanwo-Olu appointed South-West Coordinator of Tinubu’s re-election campaignThe ultimatum was announced by the Chairman of
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  • Dollar to Naira exchange rate today, August 24, 2026

    The Nigerian naira opened the new week relatively stable against the United States dollar, with the official foreign exchange market and parallel market maintaining a relatively narrow gap.As of Monday, August 24, 2026, the most recent official Nigerian Foreign Exchange Market (NFEM) data available from the Central Bank of Nigeria (CBN) put the naira at N1,346.49 per dollar on Friday, August 21. The dollar closed at N1,346.90, while the NFEM rate was derived from the volume-weighted average of
  • Navy disrupts illegal refining, recovers 103,000 litres in Rivers

    By Kingsley OmonobiThe Nigerian Navy has disrupted attempts by suspected oil thieves to reactivate illegal refining operations in Rivers State, recovering approximately 103,000 litres of products suspected to be illegally refined Automotive Gas Oil (AGO).The operation was carried out on August 22, 2026, by personnel of the Nigerian Navy Ship (NNS) Pathfinder following credible intelligence on illegal refining activities around the Ohaji axis of Egbema-Ndoni Local Government Area of the state.Th
  • ICYMI: Kwankwaso urges Yari to reconsider Tinubu campaign council role

    ICYMI: Kwankwaso urges Yari to reconsider Tinubu campaign council role
    Rabiu Kwankwaso appeals to Abdul’aziz Yari to reconsider his role as DG of the APC Presidential Campaign Council for the 2027 election.Read More: https://punchng.com/kwankwaso-urges-yari-to-reconsider-tinubu-campaign-council-role/
  • 2027: Tinubu appoints Matawalle deputy director security, intelligence chief

    By Kingsley OmonobiPresident Bola Ahmed Tinubu has approved the constitution of the 2027 All Progressives Congress (APC) Presidential Campaign Council, with Minister of State for Defence, Dr Bello Mohammed Matawalle, appointed Deputy Director, Security and Intelligence 1.The council comprises political leaders, strategists and grassroots mobilisers tasked with coordinating the APC’s engagements ahead of the 2027 general elections.According to a statement by the Ministry of Defence, Matawa
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  • Nigeria’s oil output wobbles after 10yrs of increase in rigs

    Output drops 20.8% in five mature assets — ReportNigeria’s influence within OPEC+ declinesWe are committed to optimising output — Renaissance, EniBad omen requiring urgent steps — ExpertsBy Udeme Akpan, Energy EditorThere are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production.Rig count, an important indicator of exploration and production activities, is generally expected to support higher crude
  • How 23 stocks beat inflation

    ***6 coys didn’t declare dividend
    ***7 coys record negative Return On EquityBy Peter EgwatuTwenty-three stocks quoted on the Nigerian Exchange Limited (NGX) have delivered returns well above Nigeria’s inflation rate so far in 2026, providing investors with significant nominal gains despite a challenging macroeconomic environment.An analysis of selected companies’ stock performance by Vanguard showed that the strongest performers had posted price appreciation of between about 9
  • Penalty at the gate: Lagos private schools fine late-pickup parents 

    THE school bell may have signalled the end of classes, but for some parents in Lagos, it is now the beginning of another race — against the clock and, sometimes, against a late-pickup bill.Some private schools in Lagos and a few other major Nigerian cities are increasingly imposing monetary charges on parents who fail to collect their children within stipulated pickup periods.The practice, which is not uniform across schools, is generating a fresh debate among parents, educators and schoo
  • Presidency, Atiku bicker over subsidy removal

    •100million Tinubus can’t stop me — Atiku
    •Ex-VP politicising economy with flip-flops on subsidy—PresidencyBy Johnbosco Agbakwuru & Omeiza AjayiABUJA—Former Vice President Atiku Abubakar has declared that no amount of resistance from President Bola Tinubu or “millions of his gang of economic jesters” could stop him from restoring a targeted fuel subsidy to Nigerians, accusing the administration of dressing up subsidy removal as reform while quie
  • I don’t hate Christians, ensure fairness for all, Sheik Jingir charges Tinubu, govs

    By Golok NanmwaJOS—Chairman of the Izalatil Bid’a Wa’ikamatis Sunnah, JIBWIS, Sheikh Sani Yahaya Jingir, has dismissed claims that he disliked Christians, describing the allegations as “mere lies” and a misinterpretation of his recent remarks.The Islamic cleric came under criticism following comments he made at a mass wedding ceremony organised by Kano State government for 1,500 couples, which some Nigerians described as divisive along religious lines.However, spea
  • Fuel subsidy: Return to old regime will worsen economic crisis — Min of Information, Idris

    The Minister of Information and National Orientation, Mohammed Idris, has warned that any attempt to restore fuel subsidy would reverse the economic gains recorded since the removal of the subsidy by the administration of President Bola Tinubu.Idris said the return of subsidy would recreate the fiscal pressures, distortions, fuel scarcity and incentives for arbitrage that made the policy unsustainable.The minister stated this in an article titled “Restoring Fuel Subsidy Will Reverse Niger
  • Atiku’s father of subsidy removal in Nigeria —Olawepo-Hashim

    The presidential candidate of Accord Party, Dr. Gbenga Olawepo-Hashim, has described former Vice President Atiku Abubakar as the “father of subsidy removal” in Nigeria’s Fourth Republic, saying his recent reversal on fuel subsidy removal deserved an explanation and an apology to Nigerians.Hashim said he had consistently opposed the removal of subsidy on petroleum products and reiterated his position during an interview on Trust TV last week, where he advocated restoring subsid
  • SGF mum as fake agency boss fires back

    ***Says ‘you’ve been blind for 16 years’***Anambra SSG clarifies involvement in ‘fake’ federal agencyBy Omeiza AjayiABUJA — Embattled National Coordinator and Executive Director of the Made-in-Nigeria Project Office, an agency which existence is now under investigation, Nwabueze Buchi George, has dismissed growing public scrutiny of his organisation, telling critics that only their own lack of awareness could explain why they were just discovering a programme
  • Subsidy policy as election game-changer? By Suleiman A. Suleiman

    My last Monday column, which called for a policy-focused election campaign rather than a pointless debate over President Bola Ahmed Tinubu’s school certificates, could not have been more prescient. Since former Vice-President and presidential candidate of the opposition ADC, Alhaji Atiku Abubakar, unveiled details of his alternative fuel subsidy reform policy last Wednesday, the narrative landscape of the election campaign looks to have changed. Within 24 hours, presidential advisers
  • Sachet alcohol: A N100 threat Nigeria must not ignore

    Thousands of Nigerians begin their day with something far more dangerous than tea: cheap alcohol. At bus stops, motor parks, roadside kiosks and places frequented by young people, sachets and tiny plastic bottles have made spirits remarkably easy to obtain. The small package may look harmless. It is not.The Federal Government, through the National Agency for Food and Drug Administration and Control (NAFDAC), deserves support for its renewed nationwide enforcement against alcoholic beverages sol
  • Osun The Beautiful: The musical opera of our future politics, by Owei Lakemfa

    There were the beautiful political party dresses, worn with pride as their wearers danced in the streets displaying fantastic dance steps. I wondered where these textiles were made. In Nigeria? If so, ‘kundus’ (kudos) to the procurers. What I do not wonder about is who paid. Doubtlessly, not the mass of those clad in them; hungry people cannot afford to buy and sew fabrics just to dance in the streets and attend political rallies. Their wretched state is obvious in viral videos
  • FG and Umahi’s roads to hell, by Dele Sobowale

    Vanguard recently published pathetic pictures of the Benin-Sapele-Warri Expressway; and Punch revealed to us what happens to the Lagos-Calabar Expressway, not even 15 per cent completed, each time there is a heavy downpour in the Lekki peninsula. The road becomes so flooded, it becomes barely usable. Morning shows the day. If Tinubu-Umahi’s legacy road already shows evidence of long-term stress, pity the Nigerians who will ply that road ten years from now.The Minister was in Lagos State r
  • FG’s infrastructure spending hits N6.47tn, highways dominate

    FG’s infrastructure spending hits N6.47tn, highways dominate
    Nigeria’s Federal Government spent N6.47tn on infrastructure between June 2023 and Dec 2025, with major highways like Lagos-Calabar Coastal Highway dominatRead More: https://punchng.com/fgs-infrastructure-spending-hits-n6-47tn-highways-dominate/
  • Restoring fuel subsidy will reverse Nigeria’s economic gains

    By Mohammed IdrisThe renewed call for the restoration of petrol subsidy under any guise demands a clear-eyed examination of what Nigeria has gained from reform and what the country would have to surrender by reversing course.The scale of the problem is important to remember. In 2022, when Nigeria was struggling with declining oil production and weak revenues, the country spent about $10 billion on fuel subsidies. The World Bank also warned that the subsidy was consuming resources that coul
  • 2027: Abia PDP gov candidate backs Tinubu, demands subsidy gains

    2027: Abia PDP gov candidate backs Tinubu, demands subsidy gains
    Abia PDP governorship candidate, Dr. Kelechi Anosike, supports President Tinubu’s second term, citing increased state revenues from subsidy removal. He demRead More: https://punchng.com/2027-abia-pdp-gov-candidate-backs-tinubu-demands-subsidy-gains/
  • One operative, six suspected secessionists killed in Anambra gun battle

    One operative, six suspected secessionists killed in Anambra gun battle
    A joint security team in Anambra State killed six suspected secessionists in a gun battle, with one operative also dead. Read about the Anambra gun battle.Read More: https://punchng.com/one-operative-six-suspected-secessionists-killed-in-anambra-gun-battle/
  • Kwara attacks: Monarch, Baale’s wife, others feared abducted

    Kwara attacks: Monarch, Baale’s wife, others feared abducted
    Suspected bandits have abducted a monarch, a Baale’s wife, and others in fresh Kwara abductions, sparking renewed calls for security intervention.Read More: https://punchng.com/kwara-attacks-monarch-baales-wife-others-feared-abducted/
  • Five firms drive Nigeria’s $120m non-oil export haul

    Five firms drive Nigeria’s $120m non-oil export haul
    Discover how Dangote Fertiliser and four other companies are leading Nigeria’s non-oil export growth, contributing $120m to the nation’s earnings.Read More: https://punchng.com/five-firms-drive-nigerias-120m-non-oil-export-haul/
  • FAAN sacks firm accused of illegal vehicle clamping

    FAAN sacks firm accused of illegal vehicle clamping
    FAAN has ordered the immediate ejection of a transport company accused of illegally clamping vehicles and collecting N25,000 penalties at Abuja airport.Read More: https://punchng.com/faan-sacks-firm-accused-of-illegal-vehicle-clamping/
  • Banks account for 92% of NFIU suspicious reports

    Banks account for 92% of NFIU suspicious reports
    Banks dominate NFIU suspicious reports, accounting for 92% of all filings in 2025. Discover the latest trends in financial crime reporting in Nigeria.Read More: https://punchng.com/banks-account-for-92-of-nfiu-suspicious-reports/
  • Arik shareholders demand answers over aircraft dismantling

    Arik shareholders demand answers over aircraft dismantling
    Arik Air shareholders are demanding explanations from the Receiver Manager regarding the ongoing dismantling of a Boeing 737-700 aircraft at Lagos airport.Read More: https://punchng.com/arik-shareholders-demand-answers-over-aircraft-dismantling/
  • APC will fulfil campaign promises, Yari assures Nigerians

    APC will fulfil campaign promises, Yari assures Nigerians
    Abdul’aziz Yari, APC Campaign DG, assures Nigerians the ruling party will fulfil all campaign promises made during the 2023 elections and beyond.Read More: https://punchng.com/apc-will-fulfil-campaign-promises-yari-assures-nigerians/

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