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NEM Insurance hits N100bn gross premium

26.05.2025
NEM Insurance Plc has made history by becoming the first non-life insurance company in Nigeria to record over N100bn in gross premium income, as disclosed during its 55th Annual General Meeting held recently in Lagos. The Group Chairman, Tope Smart, who addressed shareholders at the meeting, described the achievement as a landmark in the company’s...
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NGX sheds N197bn as bears dominate

26.05.2025
The Nigerian Exchange closed the week on a bearish note as the market lost N197bn in capitalisation, driven by weak investor sentiment and profit-taking across major counters. The All-Share Index declined by 0.62 per cent to close at 109,028.62 points, while the market capitalisation dropped by 0.29 per cent to N68.752trn from N68.949trn in the...
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NEITI Lauds NUPRC’s Licensing Rounds, Unveils Energy Transition, Climate Accountability Framework

26.05.2025
The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for notable progress in the conduct of the 2022–2023 Mini Bid Round and 2024 Licensing Round. The commendation followed NEITI’s independent monitoring of the pre-qualification and technical bid processes. The exercise is in line with its mandate under the...
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Capital Hotel posts N17.98bn revenue

26.05.2025
Capital Hotel Plc, owners of Abuja Continental Hotel, has reported a revenue of N17.98bn for the 2024 financial year, representing a 128 per cent increase from the N7.89bn recorded in 2023. This was disclosed by Non-Executive Director Abdulkadir Aminu, who presided over the company’s 44th Annual General Meeting held in Abuja on behalf of the...
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Bank stocks surge amid FX, policy support

26.05.2025
The Nigerian equity market gained 64.11 per cent between July 2023 and June 2024, closing at 100,057.49 points, according to the recently published Fund Manager’s Report on the Nigerian Exchange Limited. The performance was supported by renewed participation from foreign portfolio and domestic investors, alongside strong corporate earnings. According to the report, the Industrial Goods...
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Customs earn N230bn revenue through unified system

26.05.2025
The Nigeria Customs Service, Ports & Terminal Multiservices Limited Command has stated that the Unified Customs Management System, also known as B’Odogwu, facilitated a total of N230bn as revenue at the command since its commencement in October 2024. In a statement on Sunday, the Area Controller of the Command, Tenny Daniyan, disclosed this during a...
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Rice farmers lament as imports crash local industry

26.05.2025
Rice farmers have raised the alarm over the collapse of Nigeria’s rice industry, attributing the shutdown of local mills and mass job losses to cheap imports, insecurity, and lack of government support. The Chairman of the Competitive African Rice Forum Nigeria, Peter Dama, lamented the closure of processing facilities and their devastating impact on workers...
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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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