• Pro-Chancellor orders quality, compliance in FUTD projects

    Pro-Chancellor orders quality, compliance in FUTD projects
    The Pro-Chancellor and Chairman of the Governing Council of the Federal University of Transportation, Daura, Wahab Akanni Owokoniran, has inspected ongoing construction and renovation projects at the institution, demanding strict compliance with contractual specifications and quality standards. Owokoniran conducted the inspection on Monday, August 24, 2026, as part of efforts to monitor projects secured forRead More: https://punchng.com/pro-chancellor-orders-quality-compliance-in-futd-projects/
  • Trump vows to hit Iran ‘hard’ after first exchange of fire in weeks

    US President Donald Trump threatened on Monday to hit Iran “hard” after the two foes traded fire for the first time in weeks, as his Treasury secretary vowed to keep up a pressure campaign aimed at hobbling Tehran’s economy.After six months of war, the foes remain at an impasse, with Iran keeping the strategic Strait of Hormuz closed and the US persisting with a counter-blockade of Iranian ports.On Sunday, the United States carried out strikes on an Iranian island in the Strai
  • OML 42: Nestoil targets improved oil production with $28m investment

    Nestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria.The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining Lease (OML) 42, where it completed workover operations on two producing wells without any Health, Safety and Environment, HSE, incidents.Acco
  • Banks’ borrowing drops 89% to N126bn 

    Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system.The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo lending.The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR),
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  • Nepal floods death toll surpasses 1,000 as thousands remain missing

    Nepal floods death toll surpasses 1,000 as thousands remain missing
    Devastating floods on the China-Nepal border have killed at least 987 people in Nepal, the disaster authority said Tuesday, taking overall deaths to more than 1,000. Chinese state media earlier confirmed 16 people were killed in Tibet, bringing the total toll from Wednesday’s disaster to 1,003. The number of missing in Nepal dropped to 3,916,Read More: https://punchng.com/nepal-floods-death-toll-surpasses-1000-as-thousands-remain-missing/
  • IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

    By Peter EgwuatuThe International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens.According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole Economic Policy Symposium, titled “Navigating a financially more fluid world”, said countries issuing reserve assets
  • $14.86m Fraud: EFCC summons wanted ex-gov, Sylva for questioning

    The Economic and Financial Crimes Commission (EFCC) has asked former Bayelsa State Governor, Timipre Sylva, to appear before the agency for questioning over an alleged $14.86 million fraud case.The commission’s spokesman, Dele Oyewale, disclosed this on Monday in response to allegations by Sylva that the EFCC had allowed itself to be used as a political tool by the All Progressives Congress (APC).“He has been declared wanted; he should make himself available to the commission,&rdquo
  • Electricity subsidy bill hits N1.92trn in 2025 — NERC

    By ObasEsiedesa, AbujaThe electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC).NERC, in its 2025 industry report, put the government’s gross tariff subsidy obligation at N1.928 trillion for the year, representing 57.44 per cent of the total Nigerian Bulk Ele
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  • Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories

    Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories
    From the EFCC summoning former Bayelsa governor Timipre Sylva over an alleged $14.86m fraud to revelations that public funds were moved from a local government account into cryptocurrency wallets, fresh anti-corruption developments dominate the morning headlines. In the United States, a former Los Angeles gang leader has been found guilty of murdering rap icon TupacRead More: https://punchng.com/morning-recap-efcc-summons-sylva-over-14-86m-fraud-public-funds-moved-into-crypto-other-top-stories/
  • Nigeria’s GDP rises 4.4% as oil sector rebounds

    By Elizabeth AdegbesanThe National Bureau of Statistics (NBS), yesterday,  said that the Nigerian economy expanded in real terms by 4.43 percent  year-on-year, YoY, in the second quarter of 2026, Q2’26  from 4.2 percent  in Q2’25.NBS disclosed this in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil sectors grew in the review period, rising by 7.3 percent YoY and 4.3 percent YoY, respectively.NBS said: “GDP grew b
  • Duane ‘Keffe D’ Davis found guilty of murdering Tupac Shakur

    Duane “Keffe D” Davis, a former Los Angeles gang member, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur.Thirty years after the rap legend’s death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation.“Count one, murder with use of a deadly weapon, guilty of first-degree murder with use of a deadly weapon,” the foreperson of the jury announced to the court.Davis, who faces possible
  • Czech Embassy debunks scholarship eligibility claim for Nigerian students

    Czech Embassy debunks scholarship eligibility claim for Nigerian students
    The Embassy of the Czech Republic in Nigeria has debunked information circulating online claiming that Nigerian students are eligible for the Czech Government Scholarship programme for the 2027/2028 academic year. The embassy, in a statement on Monday, said Nigeria was not among the countries eligible for the scholarship programme for the 2027/2028 academic year. TheRead More: https://punchng.com/czech-embassy-debunks-scholarship-eligibility-claim-for-nigerian-students/
  • 40 youths renounce cult groups, pledge peace in Cross River

    40 youths renounce cult groups, pledge peace in Cross River
    About 40 youths in Abini Community in Biase Local Government Area of Cross River State have renounced their membership of the Vikings, Klans and Axemen cult groups and pledged to embrace lawful living. The youths made the commitment on August 26, 2026, during a sensitisation and engagement programme organised by the Cross River State PoliceRead More: https://punchng.com/40-youths-renounce-cult-groups-pledge-peace-in-cross-river/
  • Dollar to Naira exchange rate today, September 1, 2026

    The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026.At the Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at about ₦1,332.44 on the latest available official data for August 31. The Central Bank of Nigeria (CBN) describes the NFEM rate as a volume-weighted average and the official exchange rate for the day.The latest parallel-market checks, meanwhile, put
  • 2027: Tinubu is formidable politician but weak on governance — Donald Duke

    Former Cross River State Governor and presidential candidate of the Peoples Redemption Party (PRP), Donald Duke, has described President Bola Tinubu as a formidable politician but criticised his administration’s performance in governance.Duke spoke on Monday during an appearance on Channels Television’s Politics Today, where he assessed Tinubu’s political standing ahead of the 2027 presidential election.The PRP candidate said he did not believe Tinubu was politically stronger
  • Ex- LA gang leader found guilty of Tupac’s murder

    Ex- LA gang leader found guilty of Tupac’s murder
    A former Los Angeles gang member, Duane “Keffe D” Davis, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur. Thirty years after the rap legend’s death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation. “Count one, murder withRead More: https://punchng.com/ex-la-gang-leader-found-guilty-of-tupacs-murder/
  • Obi, Baba-Ahmed tackle Tinubu over withholding of past records

    By Clifford Ndujihe & Omeiza AjayiThe presidential candidate of the Nigeria Democratic Congress, NDC, in the 2027 polls, Mr Peter Obi; and  National Chairman of the People’s Redemption Party, PRP, Dr Hakeem Baba-Ahmed, yesterday, tackled President Bola Tinubu over alleged attempts to block release of his past records in the United States by the Federal Bureau of Investigation, FBI.While Obi described the move as embarrassing, Baba-Ahmed queried the simultaneous absence of Preside
  • Oversight: Dangote Refinery secures court’s orders against NMDPRA

    By Innocent AnabaLAGOS — A Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, a federal agency charged with the responsibility to regulate, monitor, supervise technical and commercial operations in the country’s midstream and downstream petroleum value chain, and others, from shutting down Dangote Petroleum Refinery, under the guise of performing oversight functions.Trial judge, Justice Akintayo Aluko, mad
  • G-100: Opposition parties offer 4-yr single term to stop Tinubu 

    ***Atiku, Obi, Makinde absent at summit
    ***ADC, APM, NDC, PDP faction, PRP, SDP, DLA work out templateBy Omeiza AjayiABUJA — Presidential candidates of the African Democratic Congress ADC, Alhaji Atiku Abubakar; his counterparts in the Nigeria Democratic Congress, NDC, Mr. Peter Obi; and Allied Peoples Movement APM and governor of Oyo State, Engr. Seyi Makinde, were absent as leaders of Nigeria’s six main opposition political parties converged in Abuja, yesterday, to firm-up coaliti
  • A Leadership Lesson for Nigeria from Dolly Parton, by Dakuku Peterside

    Dolly Parton has never governed a state, controlled a public budget, or commanded the machinery of government. Yet her life offers Nigeria a timely lesson: leadership is measured not by the grandeur of office, the length of a convoy, or the volume of publicity, but by the durable good created for others. Parton turned fame into public purpose, supporting literacy, medical research, disaster relief, and education. Her example affirms a universal principle: influence is stewardship.Her Imaginatio
  • Police arrest 70-year-old man for defiling Bauchi minor

    Police arrest 70-year-old man for defiling Bauchi minor
    The Bauchi State Police Command has arrested a 70-year-old man, Usman Abubakar, for allegedly defiling an eight-year-old girl in the Tsakanin Bayara area of Bauchi metropolis. The command disclosed this in a statement issued on Saturday by its Police Public Relations Officer, SP Nafiu Habib. According to the statement, the incident was reported at theRead More: https://punchng.com/police-arrest-70-year-old-man-for-defiling-bauchi-minor/
  • Oil spill chokes Nembe Creek communities as residents seek intervention

    By Samuel OyadonghaNEMBE CREEK — The stench of crude oil hangs heavy over the Nembe Creek communities, coating mangroves, centuries-old trees, and the waterways that have sustained generations of fishermen. For more than 20 fishing settlements along the waterway, the latest oil spill represents a severe threat to their livelihoods and environment. The incident occurred on August 22, 2026, when a barge being loaded with crude oil from a manifold at a Nembe Creek facility operated
  • House of chiefs should be the next (4), by Eric Teniola

    This week, we continue  the series on why the House of Chiefs should be considered by the National Assembly. In conclusion of their report, Section 37 states that (a) “The Governor may consult the State Council of Chiefs as a body in the exercise of his powers in relation to the maintenance of public order, customary and cultural affairs, intercommunal relations, chieftaincy matters and such other matters as may be referred to it by the Governor. The composition, powers and proc
  • Uprooting terrorists’ logistic supply chains 

    Nigeria’s war against terrorism and banditry has reached a point where military firepower alone cannot deliver victory. What began with the Boko Haram insurgency in 2009 has metastasised into a sprawling ecosystem of armed groups operating from forests, mountains and remote settlements, kidnapping for ransom, attacking communities, displacing populations, seizing land, rustling cattle, extorting farmers and, in some places, pursuing jihadist objectives.The precise number of such groups is
  • Is the NBA in short supply of resource persons? By Ejiro Ofoye

    There are moments when an institution must pause—not necessarily because it has acted unlawfully, but because a particular decision raises deeper questions about judgment, standards and institutional identity.The decision to invite Martins Vincent Otse, popularly known as VeryDarkMan, as a panellist at the Nigerian Bar Association’s Annual General Conference has generated considerable debate within and outside the legal profession. And the question I ask is a simple one: Is the NBA
  • Southern Nigeria leaders as stooges of hegemonists

    By BEN OGUEvery question tends to elicit an answer to a puzzle, and without presuming or presupposing, it anticipates a clarification, which it can establish or refute based on known and extant behaviors. From the 1914 amalgamation and the imposed name Nigeria on the numerous nationalities of former British colonies, to the incident of the Nigerian civil war, and present quagmiric political disaster, one wonders and asks: are the leaders of Southern Nigeria stooge hirelings instituted to subjug
  • C’River don calls for action to bridge social gaps

    C’River don calls for action to bridge social gaps
    The Director of Academic Planning, University of Cross River State, Prof. Hannah Etta, has called for deliberate efforts to bridge “missing links” in education, religion, governance and family life to strengthen social cohesion in Nigeria. Prof. Etta made the call while delivering the 12th Inaugural Lecture of the institution in Calabar, titled, “Links, Linkages andRead More: https://punchng.com/criver-don-calls-for-action-to-bridge-social-gaps/
  • FG appoints US-based academic as FUTA Pro-Chancellor

    FG appoints US-based academic as FUTA Pro-Chancellor
    The Federal Government has appointed a United States-based academic and physician, Dr Olugbenga A. Awe, as the new Pro-Chancellor and Chairman of the Governing Council of the Federal University of Technology, Akure, Ondo State. The appointment was contained in a statement made available to The PUNCH on Monday. According to the statement, the letter conveyingRead More: https://punchng.com/fg-appoints-us-based-academic-as-futa-pro-chancellor/
  • Rector advocates skill-based education to bridge workforce gap

    Rector advocates skill-based education to bridge workforce gap
    The Rector, Federal Polytechnic, Ado Ekiti, Dr Temitope Alake, has advocated skill-based education and stronger collaboration between institutions and industry to bridge the skills gap in Nigeria’s engineering workforce. Alake said the skills gap, which was affecting economic growth, innovation and competitiveness in countries, including Nigeria, was occasioned by the rapid evolution of technology andRead More: https://punchng.com/rector-advocates-skill-based-education-to-bridge-workforce-
  • JAMB raises FUTES admission quota to 3,300 — VC

    JAMB raises FUTES admission quota to 3,300 — VC
    The Vice-Chancellor, Federal University of Technology and Environmental Sciences, Iyin Ekiti, Prof. Gbenga Aribisala, has disclosed that the Joint Admissions and Matriculation Board has increased the institution’s admission quota to 3,300. Aribisala attributed the increase to the remarkable growth recorded by the university since it commenced academic activities in January 2026. The Vice-Chancellor disclosed thisRead More: https://punchng.com/jamb-raises-futes-admission-quota-to-3300-vc/

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