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Nigeria spends $2bn on external debt in four months

22.05.2025
Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024. This is according to the latest international payments data published by the Central Bank of Nigeria on its website, which was obtained by The PUNCH...
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Nigeria can source 30% energy from renewables – Expert

22.05.2025
A renewable energy expert and Chief Operating Officer at Atnesystems Energy, Tanwa Iwayemi, has said renewables could supply up to 30 per cent of Nigeria’s energy needs. Iwayemi said this can be achieved with supportive policies and strategic investments by 2030. According to her, this would not only diversify the energy mix but also enhance...
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Linkage Assurance gets top rating

22.05.2025
Linkage Assurance Plc has been assigned a long-term issuer credit rating of ‘B+’ by AM Best, a globally recognised credit rating agency. The outlook attached to both the credit rating and the issuer credit profile is stable. According to AM Best, the rating reflects Linkage Assurance’s strong balance sheet strength, adequate operating performance, favourable business...
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Stanbic IBTC rewards 70 customers with cash

22.05.2025
Stanbic IBTC Bank has rewarded 70 customers with N100,000 each in the first draw of its ongoing Reward4Saving Promo Season 4, amounting to a total monthly cash prize of N7m. According to a statement issued by the bank on Wednesday and made available to our correspondent, the recent draw produced 10 winners from each of...
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Nigerian immigration warns of Gulf of Guinea risks

22.05.2025
The Nigerian Immigration Service has said that maritime insecurity, especially in the Gulf of Guinea, threatens the safety of vessels and crew members. The NIS noted that the threats undermine regional stability, economic growth, and integration. Comptroller-General of Immigration Service, Kemi Nandap, made this observation on Tuesday in Lagos during a regional workshop on maritime...
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Fidelity Bank CEO invests over N760m in shares

22.05.2025
Fidelity Bank Plc Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe, has invested more than N760 m in purchasing additional shares of the tier-one lender. According to a regulatory filing on the Nigerian Exchange Group disclosures portal, Onyeali-Ikpe acquired 18 million shares valued at approximately N366m on May 19, 2025, at N20.35 per share. This...
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IGI pays N1.8bn claims, sets 2025 target

22.05.2025
Industrial and General Insurance Plc has revealed that it paid over N1.8bn in insurance claims to policyholders in the past year, with a pledge to surpass that figure in the current financial year. The company’s Managing Director, Akinlolu Akinyele, revealed the figure during its consolidated 28th, 29th, 30th, and 31st Annual General Meetings held on...
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Firm to empower SMEs with N65bn loan

22.05.2025
Auto Bucks Lenders Limited, a financial services institution focused on supporting small and medium enterprises, has announced plans to disburse N65 bn in loans to SMEs as part of its expansion into Abuja. In a statement made available to our correspondent by the company on Wednesday, it stated that the move marks the company’s focus...
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Ogun Customs rake in N15bn in Q1

22.05.2025
The Nigeria Customs Service, Ogun 2 Area Command, said it collected a total sum of N15.1bn as revenue between January and March 2025. In a statement on Sunday, the Customs Area Controller in charge of the command, Bisi Alade, explained that the figure represents a 40 per cent increase when compared to the N9.1bn collected...
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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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