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2024

Новости за 18.03.2024

‘Afforestation vital to tackling heat wave’

The Punch 

Environment experts have recommended the restoration of forest habitats to mitigate the current heat wave emanating from climate change. The experts spoke on the back of the current heat wave that has added credence to the fight against global warming and climate change. The Executive Director of the Global Initiative for Food Security and Ecosystem

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Adeleke moves into govt house 16 months after swearing-in

The Punch 

About one year and four months after taking over rein of the state, Osun State Governor, Ademola Adeleke, has moved into the Okefia Government House, Osogbo, the official residence of the governor. Adeleke was sworn in on Sunday, November 27, 2022, and rather than moving into the Government House to live like his predecessors, he

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Police arraign 28-year-old for theft, assault

The Punch 

A 28-year-old man, Isaac Ogbonna, has been arraigned before Magistrate O.Y Adefope of the Yaba Chief Magistrates’ Court for alleged conspiracy to commit misdemeanours and felonies, malicious damage, assault, and stealing. The defendant was arraigned on four counts of conspiracy to commit misdemeanours and felonies, malicious damage, assault, and stealing. It was gathered that on

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Commuters decry ‘one-way driving’ on Lagos-Ibadan highway

The Punch 

Motorists and users of the Lagos-Ibadan Expressway have lamented the violation of traffic laws by drivers and motorcyclists driving against traffic on the highway. The road users told PUNCH Metro on Thursday that impatient motorcyclists and drivers were fond of using ‘one-way’ in order to beat traffic, endangering their lives and other commuters using the

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Lagos police arrest two traffic robbers disguising as beggars

The Punch 

Two notorious traffic robbers, identified as Olumide Oladiji and Lekan Ibrahim, have been arrested in the Agungi Lekki area of Lagos State. PUNCH Metro learned that the incident occurred on March 15 at about 7.30pm. A police source told our correspondent that the suspected robbers posed as beggars on the expressway to steal from motorists

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Constituency projects: The plundering continues

The Punch 

THE distasteful revelations that the National Assembly padded the 2024 federal budget by N3 trillion and awarded over N500 million contracts to members under the opaque and corruption-ridden constituency projects marks another nadir in the looting of the public treasury. At a time when millions of Nigerians are facing privation instigated by the reforms introduced

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Stakeholders canvass housing budget review

The Punch 

Stakeholders in the housing sector have called for a review of the 2024 housing budget to meet up with current realities. In an exclusive interview with The PUNCH, the Executive Secretary of the Association of Housing Corporation of Nigeria said the review of the 2024 budget projection was inevitable. He said, “Between January and now,

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FG eyes $1bn W’Bank loans for IDPs, agric

The Punch 

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country. The request is contained in World Bank documents titled, ‘Solutions for the

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Two burnt to death in Lagos bike accident

The Punch 

Tragedy struck as a fatal crash claimed the lives of two yet-to-be-identified males who were burnt beyond recognition at the Chemist Bus Stop around Heathrow Hotel, Satellite Town in Lagos State. PUNCH Metro gathered that the incident occurred on March 15 at about 5.50pm. It was also learnt that one of the deceased was carrying

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Senate warns against supplementary budget, excess loans

The Punch 

The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This came against the backdrop of the depreciation of the local currency against the United States

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How to reduce your cable TV bills

The Punch 

Cable television has become an integral part of our entertainment and a major source of information. However, with the rising costs of cable subscriptions, it is essential to find ways to save money while still enjoying your favourite shows and channels. In this piece, Daniel Adaji outlines smart ways to save cost while enjoying the

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NICA advocates business-friendly loans for SMEs

The Punch 

The National Institute of Credit Administration has said the availability of loans with low interest rates and flexible repayment terms will boost the profitability of Small and Medium scale Enterprises. In a statement made available to our correspondent on Sunday, the Chief Executive Officer of NICA, Prof. Chris Onalo, said a business-friendly loan would encourage

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Bargain hunting drives equity market to N2tn gain

The Punch 

The activities of investors positioning themselves ahead of the dividend-paying season led to another positive week as the Nigerian Exchange gained N2.12tn in the past week. The All-Share Index appreciated by 3.71 per cent week-on-week, reaching 105,085.25 index points. In tune with the movement of the ASI, the total market capitalisation of listed equities rose

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Ex-Akwa Ibom gov seeks ways out of FX crisis

The Punch 

Former Governor of Akwa Ibom State, Victor Attah, has said that Nigeria declined from being one of the major foreign exchange earners in the world when its citizens started showing an appetite for ‘ponmo’(cowhide) consumption. Attah said this on Saturday at the 2024 investiture ceremony of the Institute of Certified Sales Professionals which held in

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Joshua rises in Ring Magazine heavyweight rankings

The Punch 

Anthony Joshua has climbed up Ring Magazine’s rankings after his devastating victory over Francis Ngannou. AJ wasted no time in the ring against the MMA superstar as he secured a brutal second-round knockout earlier this month. The former heavyweight champion sent his rival to the canvas in the opening round and then hit the deck

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NG Clearing eyes one million monthly trades

The Punch 

Nigeria’s first central counterparty, NG Clearing, has said that it is targeting doing a minimum of one million monthly trades by the end of this year. The Managing Director of the firm, Farouq Oreagba, said this on Friday during a parley with select journalists following the expiration of the March futures contract. He said, “Our

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Why Internet blackout needs to be prevented

The Punch 

There is every reason to be concerned about last week’s internet outage, which mainly affected some of Africa’s major trading blocs: Ghana, Nigeria, South Africa, Liberia, and Côte d’Ivoire. The Internet blackout is suspicious: It’s an attack on democracy, trade, and the continent’s independence. The important question we should be asking is: Why should major

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Soaring sachet water prices push Nigerians to unhealthy options

The Punch 

The price of sachet water has surged across Nigeria recently, raising concern and forcing Nigerians to explore alternatives with significant health implications, writes DANIEL ADAJI Over the years, Nigerians have become known for their ability to endure pain and adapt to extreme adversity. This innate ability seems to be playing out once more; this time

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Putin vows Russia cannot be held back in victory speech

The Punch 

Vladimir Putin said Russia would not be “intimidated” as he hailed an election victory that paves the way for the former spy to become the longest-serving Russian leader in more than 200 years. All of the 71-year-old’s major opponents are dead, in prison or exiled, and he has overseen an unrelenting crackdown on anybody who

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Operators recommend crowdfunding to bridge housing gap

The Punch 

Experts in the built environment are calling on the government to use crowdfunding to bridge the housing deficit in the country. The Brand and Marketing Associate, Mixta Africa, Kehinde Haastrup, in a statement said by leveraging the power in numbers, small contributions from a large group of individuals could accumulate into a substantial fund for

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