Wale Edun The Federal Government has announced its readiness to establish Nigeria as the third-largest terrestrial fibre-optic infrastructure nation in Africa, with the proposed installation spanning 90,000 km. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave this assurance at the Fibre Forward Strategic Development Workshop. The event was organised

CBN Governor, Olayemi Cardoso The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers from July 1. It also noted that the Price Verification Report will no longer be a requirement for the completion of a Form ‘M’. The Form ‘M’ is a declaration of intention

Illegal Drugs The Federal Government says it will conduct a drug use survey as part of its efforts to combat drug abuse and develop preventive measures. It said the survey to be conducted soon would help the government break the vicious cycle of drug abuse, safeguard teeming youth from falling prey to the illicit act

CBN Governor, Olayemi Cardoso Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has reiterated the Bank’s commitment to collaborating with relevant financial institutions, fiscal authorities, and the National Assembly in order to ensure the success of the ongoing bank recapitalization exercise. This initiative aims to protect property rights and the interests

Afenifere Renewal Group (ARG) The Afenifere Renewal Group (ARG), a Pan Yoruba socio-political organisation, yesterday, urged the federal government to mandate the Central Bank of Nigeria (CBN) to reverse the recent suspension of Heritage Bank’s licence. Afenifere, Ondo State chapter which described the transition of Owena Bank to Heritage Bank, as one of the economic

Mohammed Bello Koko, Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA) According to Mohammed Bello Koko, the Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), the effective operations of Nigeria’s ports and the maritime industry have improved its revenue generation. Koko said on Wednesday that the growth

Fibre-Optic Technology In a bid to position Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, Mr. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria). Read

Dangote Refinery on Fire A section of Dangote Petroleum Refinery, located in Ibeju-Lekki, Lagos State, experienced an outbreak of fire on Wednesday. In a trending video, a PUNCH correspondent saw a cloud of thick smoke billowed into the sky from the facility. The sound of an explosion could also be heard in the video. The

WEEK ONE: 1-7 July HOUSE OF THE DRAGON S2|Mondays from 3am, express from the US The second season of  House of the Dragon  is flying express to Showmax and M-Net every Monday, with two episodes already up. Based on George RR Martin’s Fire & Blood, House of the Dragon is set 200 years before the events of Game of

In an unexpected revelation that has sent excitement coursing through the music industry, Nigerian hip-hop titan Olamide has announced the coming release of his latest project, ‘Ikigai’. Olamide is famous for his peaceful nature, incredible talent, and musical genius which have helped his career spanning over a decade. Yet, fans are surprised about the announcement

Nigeria’s foremost contemporary artist Zinno Orara has died at the age of 58. In a statement signed by Majiri Zinno Orara and seen by Netng, the family confirmed that the legendary artist passed away on Tuesday, June 25. “It is with deep sorrow that we announce the sudden passing of our father, the great Nigerian

Former Arsenal defender, Shkodran Mustafi has retired from playing football and bagged a job as an Under-17s national team coach.  The ex-German defender, who also won the World Cup, spent the entirety of last season as a free agent after leaving Levante and was only able to make three outings in his final year at the Spanish