March 12, 2023

[GIST] Daily crude production rises to 1.3 million barrels

[GIST] Daily crude production rises to 1.3 million barrels

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Nigeria’s oil production continued its monthly rise that started in September last year, as latest data from the Federal Government showed that it rose to a high of 1,306,304 barrels per day in February 2023, increasing the country’s oil earnings by N51.16bn. An analysis of the government’s oil production report, excluding condensates, indicated that the


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[GIST] CBN ends cash swap programme in rural areas

[GIST] CBN ends cash swap programme in rural areas

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Central Bank of Nigeria says residents of rural and unbanked areas can no longer swap old notes for new ones through its cash swap programme. The CBN Acting Spokesperson, Isa Abdulmumin, disclosed this in a telephone chat with our correspondet, noting that the programme had fulfilled its mandate. He said, “The programme has stopped.


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[GIST] I wish I never left Chelsea, says Willian

[GIST] I wish I never left Chelsea, says Willian

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  Fulham player Willian has disclosed exiting Chelsea was a big mistake. He was offered a two-year contract at Chelsea and left seven trophy-laden years at Stamford Bridge. Speaking with Sky Sports, he disclosed he should not have left Chelsea to join Arsenal close to three years ago. When asked if he regretted leaving Chelsea,


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March 11, 2023

[GIST] Best picture Oscar winners of past 20 years

[GIST] Best picture Oscar winners of past 20 years

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The following is a list of the best picture Oscar winners from the last 20 years, ahead of Sunday’s 95th Academy Awards in Hollywood. This year, 10 films are in contention for the top prize: “All Quiet on the Western Front,” “Avatar: The Way of Water,” “The Banshees of Inisherin,” “Elvis,” “Everything Everywhere All at


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[GIST] PDP demands INEC chair’s resignation

[GIST] PDP demands INEC chair’s resignation

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The Peoples Democratic Party has demanded the resignation of the National Chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu. It said this was a sequel to its review of alleged infractions and brazen violations of the provisions of the Electoral Act, 2022 during the conduct of the last elections. The National Publicity Secretary


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[GIST] How mum influenced my career – Singer

[GIST] How mum influenced my career – Singer

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An up-and-coming singer, Steve Impact, has described his mother as the biggest influence on his music career. He told Saturday Beats, “My mum got a prophecy before I was born that I will toe this line, and she pushed me to ensure that God’s will came to pass in my life. “She is my biggest


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[GIST] US stocks tumble on Silicon Valley Bank turmoil

[GIST] US stocks tumble on Silicon Valley Bank turmoil

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Wall Street stocks ended Friday’s session decisively lower as banking shares wobbled on contagion fears, after the failure of regional lender Silicon Valley Bank. The Dow Jones Industrial Average finished down 1.1 per cent at 31,909.96. The broad-based S&P 500 fell 1.5 per cent to 3,861.59, while the tech-rich Nasdaq Composite Index slid 1.8 per


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March 10, 2023

[GIST] Crude oil sales rise by 46% to N21tn – NBS

[GIST] Crude oil sales rise by 46% to N21tn – NBS

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in 2022. In 2022, crude oil sales totalled N21.09tn, a 46.41 per cent increase from N14.41tn in 2021. In 2022, crude


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[GIST] Obaseki approves training for 10,000 civil servants

[GIST] Obaseki approves training for 10,000 civil servants

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Edo State Governor, Godwin Obaseki, has approved the training of 10,000 civil/public servants in the state. According to the Managing Director of John Odigie-Oyegun Public Service Academy, Imuwahen Ajoonu, the training would commence on Monday with classes holding in the academy’s premises and online. Ajoonu noted that the aim of the academy is to strengthen


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[GIST] Nigeria’s misery index rises by 12 points

[GIST] Nigeria’s misery index rises by 12 points

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigeria’s misery index has soared by 11.9 percentage points to 73.05, The PUNCH’s findings have shown. The misery index is a measure of economic distress felt by everyday people, due to the risk of (or actual) joblessness combined with an increasing cost of living. The misery index is calculated by adding the seasonally adjusted unemployment


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[GIST] N10tn manufacturing trade deficit recorded in 2022 – Report

[GIST] N10tn manufacturing trade deficit recorded in 2022 – Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The value of manufactured goods imported into the country in 2022 stood at N11tn, leaving a N10.2tn difference when compared with its import component, which stood at N781bn. This is according to the Foreign Trade Statistics report published by the National Bureau of Statistics. The report showed that the import bill for manufactured goods in


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[GIST] Gov poll: ‘AAC not endorsing Rivers, Oyo PDP, APC candidates’

[GIST] Gov poll: ‘AAC not endorsing Rivers, Oyo PDP, APC candidates’

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The African Action Congress has distanced itself from the purported endorsement of the Rivers State Peoples Democratic Party governorship candidate, Sir Siminialaye Fubara. The Oyo State chapter of the party, in a statement by its Chairman, Kayode Babayomi, made available to The PUNCH, also said the party was not in alliance with the governorship candidate


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March 9, 2023

[GIST] This Yoruba/Igbo altercation is needless

[GIST] This Yoruba/Igbo altercation is needless

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

I saw a very chilling video on Monday. In it, a man who did not bother to hide his identity threatened some people he did not name about this weekend’s governorship elections. He said that anyone voting in the election must vote for only one party and nothing else. He dared his audience to do


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[GIST] Court grants Tinubu access to presidential poll materials

[GIST] Court grants Tinubu access to presidential poll materials

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The court of Appeal, on Wednesday, ordered the Independent National Electoral Commission to grant the President-elect, Bola Tinubu, access to materials it used for the February 25 presidential election. The Justice Joseph Ikyegh-led panel said it found merit in Tinubu’s request to have access to the electoral materials in order for him to prepare his


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[GIST] Manpower shortage in tech to affect businesses – Report

[GIST] Manpower shortage in tech to affect businesses – Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigerian companies are suffering from the scarcity of tech workers, a report by SAP Africa has disclosed. According to the report, nearly all organisations in Nigeria and Africa are expected to experience a tech skills-related challenge in 2023. According to the report titled, ‘Africa’s Tech Skills Scarcity Revealed,’ Nigerian companies are the most hit when


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[GIST] Biden knocks Republicans for downplaying  Jan 6 Congress attack

[GIST] Biden knocks Republicans for downplaying  Jan 6 Congress attack

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US President Joe Biden said Wednesday that Republicans should be ashamed of supporting an effort by Fox News to play down the seriousness of the January 6, 2021 assault on Congress by a mob of Donald Trump supporters. “More than 140 officers were injured on Jan 6. I’ve said before: How dare anyone diminish or


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March 8, 2023

[GIST] Creeping intolerance of NGOs undemocratic

[GIST] Creeping intolerance of NGOs undemocratic

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

THE Zamfara State Government’s recent order that all non-governmental organisations should leave the state is heavy handed and alarming. It smacks of dictatorship and suggests a descent into tyranny in a country claiming to be a democracy. Hiding under a veneer of legalism, the Governor Bello Matawalle-led state government through its Commissioner for Security and


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[GIST] Electric vehicle firm gets recognition

[GIST] Electric vehicle firm gets recognition

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigeria’s quest to transit from fossil fuel-powered vehicles to electric ones received a boost with the naming of  Jet Systems Automobile  Industries Limited as the Nigerian Auto Journalists Association Electric Vehicle Company of the Year award winner. Responding to his company’s emergence as the Electric Vehicle Company of the Year, the director of sales and


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[GIST] Ogun FA Cup: Beyond Limits stun Remo, advance

[GIST] Ogun FA Cup: Beyond Limits stun Remo, advance

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The junior side of Remo Stars FC, Beyond Limits Football Academy, stunned their senior counterparts in the Ogun State FA Cup, beating them 3-2 in their quarter-final match played on Tuesday. Both clubs faced off at the FC Ebedei Stadium in Sagamu, where they produced a frenetic encounter which saw the amateur side come from


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