Author: News Room
The Nigerian Electricity Regulatory Commission, NERC, has approved a special compensation package for eligible Band A electricity customers affected by power supply shortfalls caused by grid generation constraints between February and March 2026. In a public notice issued on Thursday, the commission said the directive became necessary following significant generation shortages across the Nigerian Electricity Supply Industry, NESI, which hindered Distribution Companies, DisCos, from delivering the committed service levels to some Band A customers. According to NERC, the shortfalls were largely caused by inadequate gas supply and the vandalism of critical gas and transmission infrastructure, factors beyond the direct control of…
A coalition of stakeholders from opposition political parties in Gombe State has defected to the ruling All Progressives Congress, APC, declaring support for President Bola Tinubu’s re-election bid and the governorship aspiration of Dr Jamil Isyaku Gwamna ahead of the 2027 elections. The coalition comprises members of the Peoples Democratic Party, PDP, African Democratic Congress, ADC, and Labour Party, LP, who said their decision followed a review of the outcomes of their respective parties’ primary elections. Speaking on behalf of the group, Prof. Sulaiman Dankande, Nura Abba, Abdullah Amtai, Dedan Mela and Murtala Usman Dukku said they had resolved to…
An auto-crash has claimed the lives of six persons, including members of the National Youth Service Corps, NYSC, along the Narehi area of the Girei-Song Local Government Area of Adamawa State. The State police spokesman, Suleiman Nguroje, in a statement said the incident involved a military Gun truck travelling from Gombi towards Yola and a commercial Hummer bus conveying five (5) passengers from Yola to Mubi. “Preliminary findings reveal that both vehicles were involved in a head-on collision, resulting in the commercial bus flipping over and bursting into flames. “Tragically, all five passengers aboard the Hummer bus were burnt to…
Erling Haaland’s father, Alfie and agent Rafaela Pimenta have clarified Real Madrid transfer agreement reports regarding the Manchester City striker. Haaland’s name has been making headlines in the Spanish press in recent hours. This comes after Enrique Riquelme, a candidate for the presidency of Real Madrid, announced that he already had an agreement with the Norway international to sign a contract if he won the elections. His statement caused such a stir that it prompted Alfie and Pimenta to publicly clarify the situation. “All very entertaining but not true. We wish all the best for both candidates in the Real…
The Cocoa and Coffee Farmers Alliance Association of Africa has identified persistent market volatility as one of the biggest threats to the sustainable development of Africa’s cocoa sector, warning that fluctuating prices continue to undermine farmers’ livelihoods and slow investment across the value chain. In a statement on Wednesday, speaking ahead of the cocoa & coffee fiesta Lagos, Nigeria 2026, scheduled for October 7 and 8, the Global President, COCEFAAA, Adeola Adegoke, said African cocoa farmers have demonstrated remarkable resilience despite years of unstable prices that have adversely affected income, productivity and sectoral growth. According to him, Africa remains the…
The Oyo State Police Command on Wednesday said it had begun an investigation into the invasion of the Nigeria Immigration Service Passport Office in Ogbomoso, where armed hoodlums allegedly carted away a rifle, ammunition and other valuables. Findings by The PUNCH revealed that the incident occurred on Tuesday night at the immigration office located along the Ogbomoso–Ilorin Expressway, near the NNPC filling station. A source said the assailants struck while commercial activities were still ongoing at the nearby Ayanyan Cattle Market. “The attackers stormed the facility and overpowered the officers on duty. During the attack, the officers were dispossessed of…
Last Saturday was supposed to be a day of triumph for Governor Seyi Makinde. The hall in Ibadan was filled with party colours and political symbolism. Delegates rose to their feet. A new political movement announced itself. The Allied Peoples’ Movement handed its presidential flag to the governor of Oyo State and presented him as its standard-bearer for Nigeria’s 2027 presidential election. It should have been a day of celebration. Instead, it was a day of solemnity. As Makinde mounted the podium to accept his party’s nomination and unveil his “reset Nigeria” agenda, his face showed what some homes feel…
CardinalStone Partners Limited is proud to announce the successful completion of the N21bn Rights Issue of Fidson Healthcare Plc, Nigeria’s foremost indigenous pharmaceutical manufacturer. The transaction closed at an impressive 117 per cent subscription rate, making it one of the most strongly supported equity capital markets transactions on the Nigerian Exchange Group in recent years. Acting as Financial Adviser and Issuing House, CardinalStone led the transaction from structuring and regulatory engagement through investor marketing, execution, and final allotment. The successful completion of the Rights Issue reflects the firm’s strong execution capabilities, deep understanding of the Nigerian capital markets, and continued…
Newcastle United have reportedly submitted a €24m bid for fast-rising Nigerian winger Zadok Yohanna, despite AIK having already reached a verbal agreement with Premier League rivals Brighton & Hove Albion, PUNCH Sports Extra reports. Brighton have been in advanced talks to sign the highly-rated AIK Fotboll winger after tabling a €24m offer, days after the Swedish club revealed that it had begun negotiations over his potential sale. The Seagulls are preparing for life back in Europe after finishing the 2025/26 season in eighth place in the Premier League, securing UEFA Conference League football. Fabian Hürzeler’s side are expected to enter…
Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program from Payward Services, a Kraken-affiliated company.In a Wednesday announcement, Payward Services said customers of Kraken and select members of its xStocks Alliance will be able to express interest in US-listed IPOs before companies go public and receive allocations of tokenized shares on listing day.According to the company, the shares will be issued at the IPO offering price and backed 1:1 by the underlying stock held in custody by a regulated entity, allowing eligible retail investors to…
