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NISO Tackles 180MW Loss From Electricity Theft in Nigeria

12.05.2026
The Nigerian Independent System Operator has raised the alarm over what it described as massive electricity theft on the Ikorodu-Sagamu transmission corridor spanning Lagos and Ogun states, saying about 180 megawatts of power is being lost to energy theft perpetrated by large customers. The Managing Director of NISO, Abdu Mohammed Bello, disclosed this during a...
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Access ARM assures compliance with SEC capital threshold

12.05.2026
Access ARM Pensions has reaffirmed its robust financial standing, announcing that it will meet the Securities and Exchange Commission’s new minimum capital requirement well ahead of the official deadline. Speaking at the Annual General Meeting in Lagos, Acting Managing Director and Chief Executive Officer, Abimbola Sulaiman, emphasised that the transition will be funded entirely through...
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NNPC, NUPRC remit N322bn, $117m after Tinubu’s order

12.05.2026
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted over N322bn and $116.9m into the Federation Account within two months following the implementation of Executive Order 9 signed in February 2026, documents presented at the Federation Account Allocation Committee meetings have shown. The documents, obtained from presentations made by both...
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NAHCO Delivers Impressive 733% Investment Return

12.05.2026
A shareholder who invested N1m in Nigerian Aviation Handling Company Plc at the beginning of 2021 has earned more than 733 per cent through consistent cash dividends, with the current market value of the N1m investment at more than N120.8m. A five-year dividend analysis from yesterday showed that a N1m investment in NAHCO in January...
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Universal Insurance Targets N3.2bn Capital Boost via Rights

12.05.2026
Universal Insurance Plc has officially moved into the final stages of its capital restructuring following the formal signing of transaction documents for a N3.2bn Rights Issue. The ceremony, held in Lagos, marks the successful conclusion of the preparation phase, effectively clearing the path for the insurer to approach the Securities and Exchange Commission for final...
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Pilots Warn Aviation Fuel Shortage Threatens Flight Safety

12.05.2026
The National Association of Aircraft Pilots and Engineers has warned that the persistent shortage of aviation fuel is beginning to pose serious threats to flight safety, airline operations, and the welfare of aviation workers across the country. In a statement on Sunday, the President of NAAPE, Bunmi Gindeh, described the worsening Jet A1 situation as...
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Custodian Investment Earnings Surge Praised by Shareholders

12.05.2026
Shareholders of Custodian Investment Plc have commended the board and management of the company for its impressive financial performance and strong returns on investment. The commendation came during the company’s virtual Annual General Meeting held in Lagos. Addressing shareholders at the meeting, Chairman of the company, Omobola Johnson, said Custodian Investment Plc demonstrated the strength...
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CBN Warns Non-Interest Banks on Governance, Compliance Risks

12.05.2026
The Central Bank of Nigeria has warned non-interest financial institutions against governance and compliance risks capable of undermining public confidence and financial stability in the country’s growing Islamic finance sector. The warning was contained in a statement issued by the apex bank on Monday following the 2nd Annual Interactive Session between the CBN Financial Regulation...
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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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