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NEM Insurance Forecasts ₦11.7bn Profit for Q1 2026

26.01.2026
NEM Insurance Plc has projected a strong financial performance for the first quarter of 2026, with profit after tax expected to reach ₦11.71 billion, as the company sustains its growth momentum in Nigeria’s insurance market. In its first-quarter 2026 forecast submitted to the Nigerian Exchange Group, the general insurance underwriter also estimated total assets of...
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Shell CEO praises Tinubu, pledges $20bn investment in Nigeri

26.01.2026
The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a conducive environment for investment in Nigeria, noting that the country has regained investor confidence under his administration. Mr Sawan, speaking at a meeting with Tinubu at the Presidential Villa, said Shell is expanding its investments in...
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Lagos hosts high-level talks on Nigeria’s power sector

26.01.2026
Ministers, regulators, and other stakeholders in the power sector will meet in Lagos to discuss solutions to Nigeria’s power challenges. Smart-grid solutions provider, NOJA Power Australia, will on Tuesday, January 27, host a high-level executive dialogue aimed at strengthening collaboration among states, regulators, distribution companies, and financiers in Nigeria’s electricity sector, as the industry adjusts...
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Tinubu and Shell in talks for $20bn Nigeria investment

26.01.2026
The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a healthy climate for investments to thrive and restoring investor confidence. At a meeting with President Tinubu at the Presidential Villa in Abuja recently, Sawan said Shell is deepening and expanding its investments in Nigeria, and the...
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Unilever Nigeria Doubles Profit to N30.7bn in 2025 Report

26.01.2026
Unilever Nigeria Plc has reported a 99 per cent increase in profit after tax to N30.7bn for the financial year ended 31 December 2025, driven by revenue growth, improved operating performance, and higher finance income. According to its Unaudited Interim Financial Statements for the Year Ended December 31, 2025, released on the Nigerian Exchange Limited...
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Naira exchange rate slips on FX supply constraints

26.01.2026
The naira closed the week on a weaker note across both official and parallel market segments, with analysts pointing to supply constraints and demand pressures in the foreign exchange market. At the Nigerian Autonomous Foreign Exchange Market, the local currency shed recent gains to settle at N1,421.63 to the dollar from N1,417.94/$ in the previous...
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AXA Mansard launches digital vehicle inspections in Nigeria

26.01.2026
AXA Mansard Insurance, a member of the AXA Group, has announced the launch of its digital motor insurance inspection process in Nigeria. According to the underwriter, the solution, powered by Curacel, allows customers to complete required vehicle inspections by submitting photographs of their vehicles through their smartphones. The process applies to the initiation of comprehensive...
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Nigerian equities market sheds N394bn in weekly trading

26.01.2026
The Nigerian equities market experienced a sharp pullback last week as investors engaged in profit-taking, causing the Nigerian Exchange Limited to lose N394bn in market capitalisation. Market activity slowed compared with the previous week as cautious sentiment gripped both retail and institutional investors. According to the weekly market report for the week ending Friday, 23...
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Homeowners decry forceful eviction for Lagos–Calabar Highway

26.01.2026
Aggrieved homeowners along the Lagos-Calabar Coastal Highway, under the auspices of the Project Affected Persons, have lamented that they were being asked to vacate their properties within a rigid 150-metre line from the high-water mark or face demolition without due compensation and notification. In a recent position paper, titled ‘Our Homes, Our Rights: Rejecting Retroactive...
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Inefficiency is the real cause of Lagos rent hikes

26.01.2026
The founder and Chief Executive Officer of Oikus, Mr Israel Ihaza, has said that the surge in accommodation costs across Lagos State is driven by inefficiencies rather than a shortage of housing. Ihaza stated this in an exclusive chat with The PUNCH on Monday, explaining that when house hunters cannot reliably find verified listings, and...
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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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