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Group Life: Reps Probe N30bn Unsettled Insurance Claims

21.11.2024
…police, army, civil servants affected The House of Representatives yesterday directed its Committee on Insurance and Actuarial Matters to conduct a forensic investigation into over N30 billion unsettled group life insurance claims affecting the Nigeria Police Force, Head of Service, and the Ministry of Defence. The decision followed the adoption of a motion titled “Breaches...
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FG, states, LGAs share N1.41tn October revenue – FAAC

21.11.2024
The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following...
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NADF advocates inclusive financing to attain food security

21.11.2024
The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening...
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Discos list conditions for N500bn NASS recapitalisation plan

21.11.2024
Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives...
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LBS unveils business magazine

21.11.2024
The Lagos Business School has launched Insights Edge Magazine to offer business solutions and insights aimed at helping businesses navigate the challenges and support in making informed decisions during turbulent times. The business magazine was unveiled at the LBS Alumni Day recently in Lagos. The Dean of Lagos Business School, Prof Chris Ogbechie, asked, “How...
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Beware of substandard sugar in markets, FCCPC warns

21.11.2024
The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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