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Nigeria’s growth slower than expected

23.04.2025
The International Monetary Fund has revised Nigeria’s 2025 economic growth forecast downward by 0.2 percentage points, citing lower oil prices as a key reason for the adjustment. In its latest April 2025 World Economic Outlook report published on its website on Tuesday, the IMF said Nigeria’s real GDP is now projected to grow by 3.0...
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Nigerian insurers eye expansion amid 61% growth in 2024

23.04.2025
The Nigerian Insurance Association has revealed that the sector recorded approximately 61 per cent growth as of the third quarter of 2024. This was disclosed by the Chairman of the NIA, Kunle Ahmed, during the quarterly briefing on the performance of the insurance industry held at the Insurers’ House on Tuesday. The Nigerian Insurers Association,...
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eTRANZACT partners NFIU to bridge fintech compliance gaps

23.04.2025
eTranzact Plc has strengthened its commitment to regulatory compliance through a collaboration with the Nigerian Financial Intelligence Unit. In a statement made available to our correspondent on Tuesday, this partnership focuses on addressing critical compliance gaps in Nigeria’s fintech sector, particularly in areas such as Know Your Customer, transparency in Ultimate Beneficial Ownership, and the...
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Eight banks spend N4.61tn on salaries, operations

23.04.2025
The total expenses of eight Nigerian banks soared to N4.61tn in 2024, driven by increases in both personnel and operating costs. The data reveals a 107.8 per cent rise from N2.2tn in 2023, highlighting the growing financial pressure on the banking sector. This was based on the annual results of the financial institutions filed with...
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Fidelity Bank bags award – Punch Newspapers

23.04.2025
Fidelity Bank Plc has been named ‘Nigeria’s Best Private Bank’ at the prestigious Euromoney Awards 2025. This was disclosed in a statement made available to The PUNCH, indicating that the recognition came at the awards ceremony held recently at The Savoy in London. The Euromoney Awards, established by Euromoney magazine, highlight outstanding performance, innovation, leadership,...
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Oratib Insurance targets digital growth on 15th anniversary

23.04.2025
Insurance broking firm, Oratib Insurance Consulting Limited, has unveiled its targets for the future as it marks 15 years in operations. This was disclosed by the Managing Director of Oratib Insurance Consulting, Mr John Anierobi, at an event to celebrate the 15th anniversary of the company in Lagos. Founded in 2010, Oratib offers insurance advisory,...
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FG eyes power generation, jobs through sugar master plan

23.04.2025
The Federal Government has launched the Nigeria Sugar Master Plan II, an ambitious initiative that looks beyond sugar production to include the significant generation of ethanol, electricity, and the creation of numerous jobs. This renewed effort aims to achieve self-sufficiency in raw sugar and establish a competitive presence in the African market, learning from the...
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Billiri Easter Tragedy: Gov Inuwa Convenes Emergency Security Council Meeting

23.04.2025
…Orders Proper Investigation, Arraignment of Culprit …Govt to Support Deceased’s Families, Cover Medical Bills of Injured Gombe State Governor, Muhammadu Inuwa Yahaya, on Tuesday convened an emergency Security Council meetingover the recent tragic incident that occurred during an Easter procession in Billiri, which resulted in the loss of lives and injuries to many. Addressing pressmen...
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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
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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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