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Lagos Gets $7.5M Flood Insurance in UN Climate Deal

21.07.2025
The Lagos State Government, in partnership with the Insurance Development Forum, the United Nations Development Programme, and Germany’s BMZ through the InsuResilience Solutions Fund, has completed the design of a $7.5m parametric flood insurance product. According to Reinsurance News, the solution, which targets climate resilience, is expected to provide swift financial relief to up to...
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PenCom Warns Banks, Employers Against Meddling in PFA Choice

21.07.2025
The National Pension Commission has warned financial institutions and employers against interfering in the choice of Pension Fund Administrators of their employees or the transfer of their Retirement Savings Accounts. This warning was issued in a recent circular signed by the Head of the Surveillance Department, A.M. Saleem, to all licensed pension fund operators and...
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SEC Launches USSD Code to Combat Ponzi Schemes in Nigeria

21.07.2025
The Securities and Exchange Commission has announced plans to launch an Unstructured Supplementary Service Data code that will enable Nigerians to verify the authenticity of capital market operators in a renewed effort to combat unregistered investment operators and clamp down on Ponzi scheme activities. In a statement on Sunday, the Director-General of the SEC, Emomotimi...
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First HoldCo Shares Hit 52-Week High After N323bn Transactio

21.07.2025
The shares of First HoldCo climbed to a 52-week high of N36.45 per unit last week, according to data from the Nigerian Exchange Limited. This follows significant share divestments by firms linked to businessman Oba Otudeko and a former FirstBank chairman, Tunde Hassan-Odukale, in off-market transactions on Wednesday. Approximately 10.43 billion shares of First HoldCo...
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Akwa Ibom Tech Week 2025: Driving Digital Innovation

21.07.2025
The countdown has begun for Akwa Ibom Tech Week 2025, a landmark event poised to revolutionise the state’s burgeoning technology landscape. Scheduled to take place in November in Uyo, AKTW 2025 aims to champion digital transformation, attract vital investments, and spark significant socio-economic growth across Akwa Ibom, according to a statement from the organisers. President...
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CAC Defends New AI Portal Amidst User Complaints

21.07.2025
The Corporate Affairs Commission has said its newly deployed Artificial Intelligence-driven registration platform, the Intelligent Companies Registration Portal, now handles over 11,000 company registration and compliance cases daily. According to the commission, the portal recently processed 8,000 name reservation requests in a single day. It noted that this same task used to take at least...
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Nigeria Secures $20 Billion China Investment Deal

21.07.2025
The Director General of the Nigeria-China Strategic Partnership, Joseph Tegbe, has disclosed that Nigeria has secured over $20bn in investment commitments from China, aimed at transforming key sectors of the Nigerian economy. Tegbe said the investments are channelled into critical sectors such as agriculture, automotive manufacturing, steel, energy, and mining, adding that they are part...
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Diaspora Mortgage Unveiled for Nigerians Abroad by FMBN

21.07.2025
The Federal Mortgage Bank of Nigeria has introduced a range of innovative mortgage products tailored to the needs of diverse population groups, including the informal sector and Nigerians living abroad. The new products include a Rent Assistance Loan and a Home Improvement Loan, designed for self-employed individuals and daily earners who typically lack traditional documentation....
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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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