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Building collapse in Nigeria: 679 incidents since 1974

27.10.2025
The number of building collapse incidents in Nigeria has risen to 679, claiming at least 1,639 lives, according to a report by the Building Collapse Prevention Guild. According to the Guide, the first recorded building collapse in Nigeria occurred in October 1974 in Oyo State, where a multi-storey building collapsed due to excessive loading, killing...
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Lasaco Assurance raises N11.1bn for recapitalization

27.10.2025
Lasaco Assurance has announced raising about N11.1bn in fresh capital via private placement ahead of the 2026 deadline for recapitalisation, even as it paid about N13.1bn to policyholders as claims in 2024. This was disclosed at the 45th Annual General Meeting of the company held in Ikeja, Lagos, on Thursday. The PUNCH reports that the...
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Noor Takaful seeks partners for ethical insurance in Nigeria

27.10.2025
Composite Takaful insurance firm, Noor Takaful Insurance Limited, has called for greater collaboration with partners, including brokers, to expand access to ethical and inclusive insurance solutions for all Nigerians. The company’s Vice Chairman, Aminu Tukur, stated this during its recent Partnership and Recognition Event held in Lagos. The event recognised two categories of brokers, top...
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Ikeja Hotel Plc reports N4.85bn earnings for Q3 2025

27.10.2025
Ikeja Hotel Plc has announced a profit of N4.85bn for the nine months ended September 30, 2025, up from N2.0bn in the same period last year. The company’s revenue rose to N18.52bn, compared with N12.60bn in 2024, while gross profit surged to N9.02bn, reflecting strong operational performance. For the third quarter alone, Ikeja Hotel posted...
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Dangote Refinery expansion to 1.4mbpd announced

27.10.2025
The Dangote Refinery has announced the expansion of the facility from 650,000 barrels per day to 1.4 million bpd. The President of the Dangote Group, Alhaji Aliko Dangote, made the announcement at a press briefing in Lagos on Sunday. Flanked by his friend, the Chairman of First Bank, Mr Femi Otedola, Dangote said this would...
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SERAP demands NNPCL account for oil revenue, threatens lawsu

27.10.2025
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to provide a detailed account of oil revenues reportedly flagged by the Auditor-General of the Federation in the 2022 annual report. The report, published on September 9, 2025, raised questions over the management...
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Nigeria’s solid minerals sector open for global investment

27.10.2025
The  Minister of Solid Minerals Development, Dele Alake, has called on international investors to increase their stakes in Nigeria’s solid minerals sector, citing ongoing reforms that have made the country one of the most attractive destinations for mineral investment globally. Speaking on the theme “Connect and Collaborate, Co-Build and Co-Share” at the 2025 China Mining...
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Dangote seeks $5bn for refinery expansion, says Afreximbank

27.10.2025
The new President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, on Saturday disclosed that Africa’s richest man, Aliko Dangote, is seeking an additional $5bn to expand his refinery in Lagos. Speaking during his inaugural address at Afreximbank’s investiture ceremony in Cairo, Elombi said Dangote personally informed him of...
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Court orders asset seizure of firm over N532.7m debt

27.10.2025
A Federal High Court in Lagos has granted Lotus Bank Limited an order to take possession of all movable and immovable assets belonging to Unpacked Limited (now in receivership), a company owned by Oluwafeyikemi Abudu and guaranteed by Oluwafemi Badewole. Justice Deinde  Dipeolu also authorised the bank to take control of the company’s funds held...
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Scanfrost partners with Guinness record holder Hilda Baci

27.10.2025
Home appliance firm, Scanfrost, has announced Guinness World Record chef and culinary entrepreneur, Hilda Baci, as its newest brand ambassador. The unveiling was done in Lagos. The PUNCH reports that Baci recently set a new Guinness World Record for the largest serving of Nigerian-style jollof rice, weighing 8,780 kilogrammes (19,356 lb 9 oz). Scanfrost stated...
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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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