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Operators rake in N253bn from motor insurance

04.02.2025
The insurance industry generated about N253.6bn from motor insurance in the first three quarters of 2024, The PUNCH can reveal. According to the quarterly reports from the National Insurance Commission, the insurance sector saw Gross Written Premium from motor insurance hit N253.6bn, which is about 10.32 per cent of the entire GWP for the industry...
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Firm backs govt’s push for cotton industry revitalisation

04.02.2025
A cotton, textile, and garment advocacy firm, House of Dorcas Integrated Services, has reaffirmed its commitment to cotton and textile transformation, backing the Federal Government’s strategy to restore the industry’s global competitiveness. The Managing Director of HDi, Ololade Adeneye, in a statement, described the cotton and textile revamp as “more than an initiative; it is...
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VFD records N10.4bn profit

04.02.2025
VFD Group Plc has reported a profit of N10.4bn for the year ended December 31, 2024, marking a recovery from a loss of N750.4m recorded in the previous year. In its unaudited financial results for 2024, the company saw a rise in gross earnings, which surged by 84 per cent to N83.2bn, up from N45.1bn...
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LAWMA Intensifies Enforcement, Waste Clean-up Across Lagos

04.02.2025
…Agency Urges Residents to Stop Patronising Illegal Cart Pushers The Lagos Waste Management Authority (LAWMA) has intensified enforcement and clean-up operations across the state to curb indiscriminate waste disposal and maintain environmental sustainability. The Agency Managing Director and Chief Executive Officer, Dr Muyiwa Gbadegesin, emphasised LAWMA’s unwavering commitment to keeping Lagos clean, noting that the...
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Parallex Bank rewards 134 customers

04.02.2025
Parallex Bank has rewarded 134 customers with cash prizes in the third edition of its Save and Win Promo Live Draw. In a statement made available to our correspondent on Monday, the event, attended by representatives from the National Lottery Regulatory Commission, saw millions of naira distributed to winners across the country. Speaking at the...
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Trump Announces One-Month Tariffs Pause For Mexico

04.02.2025
The United States (US) President, Donald Trump has announced he will be pausing for one month a new 25% tariff on goods entering the country from Mexico. New Telegraph reports that Trump and the Mexican President, Claudia Sheinbaum spoke on Monday morning and agreed to immediately send 10,000 soldiers to the borders separating Mexico and...
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States will get $30m to boost food security – Minister

04.02.2025
The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, has said that states meeting specific criteria will receive a $30m allocation as part of the Rural Access and Agricultural Marketing Project scale-up initiative. This funding aims to enhance Nigeria’s agricultural sector and ensure national food security. States that establish the Rural Access Road...
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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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