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Insurance Premium Hits N1.56tn: Non-Life Leads Growth

30.06.2025
Gross Written Premium of the insurance industry in the 2024 financial year rose by 56 per cent to N1.56tn from N1.00tn in the previous year, led by non-life insurance business. This was disclosed by the Chairman of the Nigerian Insurers Association, Kunle Ahmed, at the 54th Annual General Meeting of the association held at the...
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Insurance Awareness Walk in Lagos

30.06.2025
The Chartered Insurance Institute of Nigeria and stakeholders in the insurance industry took to the streets of Lagos on Saturday to kick off the 2025 Insurance Week. The walk, which also doubled as a means to create awareness about insurance and drive penetration, started at the Lagos office of NEM Insurance Plc and terminated at...
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Pension Assets Hit N23.65tn: FG Securities Dominate

30.06.2025
The total pension fund assets in Nigeria rose to N23.65 tn at the end of April 2025 from N23.33 tn a month earlier, according to the latest unaudited report released by the National Pension Commission. The figure includes all approved existing schemes, closed pension fund administrators and retirement savings account funds, as well as unremitted...
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Nigeria Boosts Actuarial Skills to Tackle Risks

30.06.2025
As risks intensify, Nigeria’s regulatory bodies and other stakeholders have launched an ambitious national effort to close the actuarial skills gap. From regulatory mandates to educational reforms and international collaborations, OLUWAKEMI ABIMBOLA explores how this push signals the country’s preparedness for future uncertainties   For a country of over 200 million people, Nigeria has fewer...
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Can Private Investors Solve It?

30.06.2025
Stakeholders have asserted that private investors alone cannot bridge Nigeria’s housing gap without substantial government support and policy intervention. Some experts made this assertion at the official launching of Shalom Park Estate Condominiums, held in Lagos recently. The Chief Executive Officer of IFT Realty Limited and developer of Shalom Park Estate, Oluremi Oshikanlu, noted that...
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60% of Nigeria’s Assets Decaying

30.06.2025
Operators are alarmed that over 60 per cent of the nation’s infrastructure has been neglected, leaving critical assets like roads, ports, and public utilities in a state of disrepair. The treasurer of the Nigerian Society of Engineers, Victoria Island Branch, Babatunji Adegoke, said 60 per cent of the country’s infrastructures were neglected. He noted this...
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Nigerian Engineers Expose Contract Favouriti

30.06.2025
Engineers have raised concerns that favouritism in awarding contracts is undermining the transparency and integrity of the Public-Private Partnership process. The former Registrar of the Council for the Regulation of Engineering in Nigeria, Dr Felix Atume, made this observation at the Nigerian Academy of Engineering 2025 yearly lecture entitled ‘Bridging infrastructure gap in Nigeria: the...
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Nigeria Insurance: 70% Uninsured, Experts Warn

30.06.2025
The Nigerian Council of Registered Insurance Brokers has disclosed that about 70 per cent of Nigerians are currently not covered by insurance. The 13th Area Committee Chairman, Abuja Area Committee, NCRIB, Ojo Richard, disclosed this at a parley and investiture, stressing that Nigerians need to change their perspective and see insurance not as a burden...
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N’Delta: Yar’Adua Did Well To Establish Presidential Amnesty Programme, Says Otuaro

30.06.2025
The Administrator of the Presidential Amnesty Programme, Dr Dennis Otuaro, has applauded the late President Umaru Musa Yar’Adua for proclaiming amnesty for former agitators of the Niger Delta and also establishing the progamme. He spoke at the 2nd President Umaru Musa Yar’Adua International Leadership Conference and Awards themed: “Electoral Management Institution: Midwife of True Democracy,...
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Petrol Price Crash Anticipated as Crude Oil Drops

30.06.2025
Marketers of petroleum products have expressed anticipation of a possible crash in the prices of Premium Motor Spirit (petrol) following the drop in crude oil prices. The Petroleum Products Retail Outlet Owners Association of Nigeria said there could be a new price regime from today (Monday) based on the reduction in the cost of crude...
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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

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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