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Why It’s Cheaper, Refiners Explain

The Crude Oil Refiners Association of Nigeria has faulted claims that imported petroleum products are cheaper than locally refined fuels, arguing that price differences stem from quality disparities and not efficiency, while accusing the World Bank of failing to make a like-for-like comparison. The association’s Publicity Secretary, Eche Idoko, who spoke in an interview with...
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International Breweries posts record N88.9bn pre-tax profit

International Breweries has announced a record N88.9bn pre-tax profit in 2025, marking a definitive turning point for the beverage giant as it officially transitioned from a loss to a position of significant profitability. According to the audited financial statements released on the Nigerian Exchange, the company delivered a pre-tax profit of N88.95bn, a figure that...
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Insurance Sector Pays ₦724.7bn Claims

Nigeria’s insurance industry recorded a gross premium written rising to ₦2.302 trillion in 2025 following a series of reforms put in place by the regulator, the National Insurance Commission (NAICOM). According to data released yesterday by the Commission, the industry recorded a 36 per cent quarter-on-quarter growth and a 47.3 per cent year-on-year expansion in...
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Stakeholders Urge Collaboration for South-West Urban Devt

South-West physical planners have stressed the need for collaboration within the region to ensure development. The stakeholders made the call on Thursday in Lagos while speaking during the Inaugural South-West Regional Meeting on Physical Planning and Urban Development. The Director-General of the Development Agenda for Western Nigeria Commission, Dr Seye Oyeleye, stressed the need for...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...