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Chams Posts 245% Growth, Targets N32bn Profit by 2025

25.08.2025
Chams Holding Company Plc has announced a 245 per cent growth in its operations and projected a profit margin of N32bn by December 2025, underscoring its ambition to strengthen its position in Nigeria’s technology and fintech space. The Group Managing Director of Chams, Mayowa Olaniyan, disclosed this during an investor roadshow held in Lagos recently...
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Dangote, Mitsui Chemicals Partner on Petrochemical Productio

25.08.2025
Dangote Industries has signed a memorandum of understanding with Japan’s Mitsui Chemicals for joint petrochemical production in Nigeria. According to a release issued by Mitsui Chemicals, the joint venture would utilise feedstock from Dangote’s 650,000-barrel-per-day refinery. S&P Global reports that Mitsui Chemicals would transfer technology for resins and fertilisers to the planned joint venture, which...
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Africa Re Posts $644M H1 Premium, Growth Soars

25.08.2025
African Reinsurance Corporation reported strong financial results for the first half of 2025 as its Gross Written Premium rose 15.31 per cent to $644.30m from $558.72m at the end of the corresponding period in the previous year. According to the unaudited results, the net underwriting result stood at $54.35m. The net combined ratio was 89.18...
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Pension Operators Urge Data Recapture for Seamless Payments

25.08.2025
The Pension Fund Operators of Nigeria have called on participants in the Contributory Pension Scheme to do data recapture. In multiple posts on its social media platforms, PenOp stated data recapture enables seamless payment at the right time. The Data Recapture Exercise is a mandatory exercise requiring all Retirement Savings Account holders to update their...
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Win ₦5M! Heirs Insurance Retirement Grant for Retirees

25.08.2025
Heirs Insurance Group has launched an N5m grant to empower retirees and pre-retirees to actualise their retirement aspirations. In a statement on Sunday, the firm said that the Heirs Insurance Retirement Dream Competition is targeted at senior citizens between the ages of 50 and 75 years across Nigeria who are retired or approaching retirement. The...
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Dangote’s 1,000 Fuel Trucks Arrive, SW Distribution Begins

25.08.2025
Barring any last-minute change in plan, the Dangote Petroleum Refinery is expected to start its direct fuel distribution scheme soon, as 1,000 Compressed Natural Gas-powered trucks required for the exercise have arrived in Nigeria. With the 1,000 trucks, the refinery would start distributing fuel directly to marketers in Lagos, Ogun, and other South-West states, pending...
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Green Engineering Crucial for Climate Resilience

25.08.2025
An electrical engineer, Bimbola Dada, speaking as a guest speaker at the just-concluded APWEN Lagos Summit, has noted that adopting green practices builds resilience, enabling communities and businesses to withstand environmental challenges while safeguarding the future. She stated this at a virtual session themed, ‘Engineering Legacies: Bridging Generations, Building the Future’. She said, “Integrate eco-friendly...
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Nigeria’s Housing Revolution: 10,000 Units Underway

25.08.2025
Housing Minister Ahmed Dangiwa has marked his second year in office with what he described as bold reforms that are transforming Nigeria’s housing sector, reporting over 10,000 housing units already underway across 14 states and the FCT. Since his appointment by President Bola Tinubu, on August 22, 2023, Dangiwa has spearheaded what the Ministry describes...
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REDAN Cautions Lagos on “Illegal” Housing Estate Label

25.08.2025
The National President of the Real Estate Developers Association of Nigeria, Akintoye Adeoye, has cautioned the Lagos State Government against describing estates without layout plan approval as “illegal”, warning that such language could negatively impact the property market. “These developers may not have layout plan approval, but branding the estate as illegal is a very...
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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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