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Geopolitical tensions cause oil prices to rise above $63

12.01.2026
Oil prices have climbed above $63 per barrel, according to data from oilprice.com on Sunday. The rise followed early gains on Friday as protests in Iran escalated, unsettling market participants amid fears that supply from one of the Middle East’s biggest oil producers could be threatened. The uptick came after a rebound on Thursday, following...
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NNPC faces N2.27tn in lawsuits as legal risks escalate

12.01.2026
The Nigerian National Petroleum Company Limited is facing potential legal exposure running into trillions of naira, with pending lawsuits against the state-owned energy firm rising to about N2.27tn in the financial year ended 2024, according to an analysis of its 2024 Annual Report by The PUNCH. The report showed that while the national oil company...
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CIS, ASHON Laud NGX as Capitalisation Crosses N100tn Mark

12.01.2026
The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the capital market crossing the N100tn market capitalisation mark. In a joint statement signed by Chairman of ASHON, Samuel Adenagbe, and President and Chairman of...
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11 MDAs Get Over N1tn in Nigeria’s 2026 Budget Proposal

12.01.2026
No fewer than 11 federal ministries, departments, and agencies are projected to receive over N1tn each in the 2026 Appropriation Bill, underscoring the Federal Government’s continued focus on security, infrastructure, governance, and recurrent obligations amid fiscal constraints. The figure represents an increase from 2025, when 10 ministries were allocated more than N1tn each. Before then,...
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NeoLife Reinforces Commitment to Ethical Business Practices

12.01.2026
NeoLife, a global wellness and nutrition firm with operations in more than 50 countries, used its annual President Team Meeting in Lagos on Saturday to underscore its dedication to ethical and transparent business practices. Around 60 of the company’s top-performing partners attended the gathering, which focused on reviewing business strategies, soliciting feedback, and reinforcing adherence...
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CHI CEO Honored for Driving Insurance Awareness in Nigeria

12.01.2026
The Managing Director and Chief Executive Officer of Consolidated Hallmark Insurance Limited, Mrs Mary Adeyanju, has been recognised for her role in deepening insurance awareness through social media. Adeyanju was honoured as the ‘Insurwatch Social Media Engagement Captain’ for her consistent and impactful use of digital media to deepen insurance penetration and foster closer ties...
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Fitch Projects Stable Investment Mix for Life Insurers

12.01.2026
Fitch Ratings has projected that life insurers’ investment portfolio mix will remain broadly stable in 2026, with solid credit quality and core fixed-income assets continuing to dominate. This was indicated in the latest commentary on the insurance sector, which pointed out that insurers may increase exposure to private credit and alternative investments in the coming...
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NDIC Recovers N24.3bn for Heritage Bank Depositors

12.01.2026
The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to repay customers of the bank with balances above N5m as of the time of its licence revocation. This was disclosed in a statement signed by the Head of the Communication & Public Affairs Department, NDIC,...
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Safer Cities & Stronger Financial Security

12.01.2026
Coronation Insurance Plc has outlined the far-reaching benefits of the Nigerian Insurance Industry Reform Act 2025, describing the new law as a major step toward strengthening consumer protection, improving safety standards, and deepening insurance penetration across the country. This was disclosed in its latest thought leadership piece on NIIRA, which was signed into law in...
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JamaJama empowers children and artisans in Nigeria

12.01.2026
The organisers of JamaJama Empowerment Day have provided children and artisans with various empowerment opportunities, with the aim of restoring hope to many families across the country. According to a statement signed by the spokesperson for the organisers, Abiola Sadik, the initiative was designed to combine fun with empowerment, particularly for young people with emerging...
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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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