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NAICOM issues fresh annuity rules to insurance firms

The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You get...
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Address incessant aircraft incidents, NANTA urges operators

The President of the National Association of Nigeria Travel Agencies, Yinka Folami, has expressed concern over the recent near-crash incidents in the aviation industry. He urged stakeholders particularly the Nigerian Civil Aviation Authority and airline operators to come together and address all safety concerns for the sake of the traveling public. Yinka, in a statement,...
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3,000 Kaduna Pilgrims Receive 2023 Hajj Refunds

The Kaduna State Pilgrims Welfare Agency (KSPWA) has refunded money to more than 3,000 pilgrims who participated in the 2023 Hajj. Spokesman Yunusa Abdullahi said the refunds were received from the National Hajj Commission of Nigeria (NAHCON). He explained that each pilgrim received N61,080, and the funds were disbursed directly into the pilgrims’ accounts. “NAHCON...
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Oando’s revenue hit N4.1tn in 2024

Energy company, Oando Plc, has announced a 45% increase in its revenue, which hit N4.1tn at the end of 2024 compared to N2.9tn in the previous year. This was revealed in its Unaudited Interim Consolidated and Separate Interim Financial Statements filed with the Nigerian Exchange Limited on Friday. In the Q4 2024 financial year, Oando...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...