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Underwriters Defy Headwinds, Post N142.2bn Profit

14.02.2025
…Guinea, Veritas, NEM record decline Despite ongoing reforms and macroeconomic challenges, Nigeria’s insurance sector recorded a robust performance in 2024, with 15 listed companies on the Nigerian Exchange Limited (NGX) posting a combined N142.2 billion profit before tax (PBT)—a staggering 75.5 per cent increase from N81.03 billion in 2023, according to unaudited financial statements. However,...
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Govt to revive textile industry, tackle smuggling – Enoh

14.02.2025
The Federal Government has pledged to address the challenges facing the country’s textile industry, assuring manufacturers of policies that will create a level playing field for local producers. The Minister of State for Industry, Senator John Enoh, committed to this effort on Wednesday during a visit to Sunflag Nigeria Limited, a textile manufacturing company in...
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Top 15 News Roundup For Latest Nigeria News February 1

14.02.2025
Here is New Telegraph’s news roundup of the top 15 latest Nigerian news making headlines today Friday,February 14, 2025. Shettima Restates FG’s Dedication To Workers’ Welfare, Wage Reforms Nigeria’s Vice President, Kashim Shettima has reaffirmed the Nigerian government’s dedication to the welfare of members of the organised labour, inclusive economic policies, and wage reforms. According...
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FG may ban trucks as tanker fire claims 493

14.02.2025
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has said that it may impose a ban on trucks with 60,000-litre capacity, preventing them from operating on federal highways. This follows the increasing number of deaths resulting from petrol tanker accidents, which has led to the death of 493 persons in three...
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Customs deliver 3,897 arms, ammunition to control centre

14.02.2025
The Nigeria Customs Service has handed over 3,897 arms and ammunition to the National Centre for the Control of Small Arms and Light Weapons. Speaking during the handing over ceremony at the Federal Operations Unit Zone A Ikeja on Thursday, the Comptroller-General of Customs, Adewale Adeniyi, said that 1,599 arms and 2,298 ammunition would be...
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MTN Raises Call Rate, SMS Charges

14.02.2025
The nation’s largest telecoms company, MTN Nigeria, has raised the call rate on its pulse bundle to N13.8 per minute from N7.8 per minute, which represents a 76.92 per cent increase. This forms part of the telecoms operators’ upward review of prices following the Nigerian Communications Commission (NCC) approval of a 50 per cent tariff...
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Heirs Energies wins independent company award

14.02.2025
Heirs Energies, Africa’s leading indigenous integrated energy company, has been awarded the ’Independent Company of the Year’ at the just-concluded Sub-Saharan Africa International Petroleum Exhibition and Conference. This recognition highlights Heirs Energies’ commitment to operational excellence, innovation, and production growth, reinforcing its position as a leader in Africa’s energy sector. The company said the award...
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MTN scraps 15GB bundle after subscriber outcry

14.02.2025
The country’s biggest telecom operator, MTN Nigeria, has decided to discontinue its 15GB data bundle, following significant backlash from subscribers over a staggering 200 per cent price increase. The telco had initially raised the cost of the plan from N2,000 to N6,000, triggering widespread outrage among its user base. Originally introduced as a promotional offer,...
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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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