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Lasaco Assurance Retains A(NG) Rating for Third Year

Global Credit Rating has reaffirmed the rating of Lasaco Assurance Plc at A(NG) with a Stable Outlook, marking the third consecutive year. According to a statement from the firm on Thursday, the sustained rating underscored its commitment to financial strength, stability, and sustainable growth. Lasaco Assurance recently had an N10.8bn capital injection through private placement....
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Dangote Refinery Rejects NUPENG’s Labour Allegations

Dangote Petroleum Refinery has dismissed recent allegations made by the Nigeria Union of Petroleum and Natural Gas Workers that it banned tanker drivers from joining the union, insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are “entirely unfounded.” NUPENG, on Monday, shut down depots, protesting that the Dangote refinery did...
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BATN Champions Water Stewardship in Nigeria

British American Tobacco Nigeria, BATN, has declared that it is championing collective action for sustainable water stewardship to tackle the country’s growing water challenges. According to a statement, the company’s campaign followed a recent multi-stakeholder workshop at its Ibadan factory. It featured government officials, industry leaders, and community stakeholders deliberating on strategies to improve water...
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Dangote, NUPENG Clash Threatens Fuel Supply in Nigeria

The fragile truce between the Nigerian Union of Petroleum and Natural Gas Workers and the $20bn Dangote Petroleum Refinery has collapsed, igniting a fierce industrial dispute that threatens fuel supply stability and tests the Federal Government’s ability to enforce labour agreements. The confrontation follows allegations by NUPENG that the Dangote Group reneged on a Memorandum...
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Greenus Capital Secures $23M Agric Funding for Johnvents

A finance house, Greenus Capital Limited, has secured $23m debt financing for Johnvents Industries Limited to boost operations in the agricultural processing sector. According to a statement, Greenus Capital, headquartered in Victoria Island, Lagos, said the transaction reinforced its role as a leading provider of strategic advisory and capital solutions for mid-market corporations in Africa....
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Fuel Depots Reopen After Dangote Agreeme

Fuel loading resumed on Wednesday following the agreement signed by the Nigeria Union of Petroleum and Natural Gas Workers and the Dangote Petroleum Refinery on Tuesday. NUPENG President, Williams Akporeha, confirmed to our correspondent on Wednesday that depots and other petroleum facilities that were earlier shut down as a result of the two-day strike had...
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Nigeria Secures $400M in Oil Decommissioning Liabilities

The Nigerian Upstream Petroleum Regulatory Commission has announced that it secured over $400m in pre-sale decommissioning and abandonment liabilities from recent oil asset divestments in a move to prevent Nigeria from inheriting costly environmental and financial burdens. The Chief Executive of NUPRC, Gbenga Komolafe, disclosed this on Wednesday while speaking at the Nigerian Extractive Industries...
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Blacklist Unruly Passengers, NCAA Directs Airlines

The Nigerian Civil Aviation Authority has told domestic airlines to place unruly passengers on a blacklist as a deterrent to others and to protect airline staff from abuse. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, made this known on Wednesday in a statement issued by the Authority. According to...
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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...