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CBN warns public against fake contracts, grants

13.05.2025
The Central Bank of Nigeria has warned Nigerians against engaging with individuals and groups peddling fictitious contracts, loans, and financial grants purportedly issued or endorsed by the apex bank. In a statement issued on Monday by the CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi-Ali, the apex bank said its attention had once again...
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‘Less than 2m Nigerians buy insurance policies annually’

13.05.2025
Stakeholders have disclosed that fewer than two million Nigerians buy insurance policies annually, underscoring the widespread lack of coverage and low awareness within the insurance sector. They made this known at the recently concluded Investment Summit 1.0, themed “Investments in Insurance: Opportunities for Financial Growth,” held in Lagos, in partnership with Cornerstone Insurance Plc. The...
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AIO, Nigerian insurers collaborate on regional integration

12.05.2025
The African Insurance Organisation has pledged stronger collaboration with Nigerian insurers, as part of efforts to deepen regional integration and enhance value for member companies across Africa. During an official visit to the Nigerian insurance market recently, the Secretary-General of the AIO, Jean Baptiste, accompanied by the organisation’s Communication and Public Relations Officer, Charles Moki,...
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FCMB rewards customers with cash

12.05.2025
First City Monument Bank has rewarded four of its customers with N1m each in the latest draw of its ongoing Millionaire Promo, now in its 10th season. In a recent statement, the firm stated that the draw, held in April, also saw 112 other customers win various cash prizes of up to N100,000 through a...
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NIQS raises concern over bill of engineering measurement

12.05.2025
The Nigerian Institute of Quantity Surveyors has raised concerns that the Bill of Engineering Measurement and Evaluation is being exploited as a tool to perpetuate corruption in construction projects across the country. They raised this at a 3-Day Engineering Workshop recently held in Lagos, themed “Bridging Competence Gaps in Engineering Construction: Strategies for Cost and...
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AIHS canvases speedy implementation of local content policy

12.05.2025
The Africa International Housing Show has called for the swift implementation of Nigeria‑First procurement policy, describing it as a major boost for affordable housing through the use of indigenous materials. In a statement, the AIHS Coordinator, Festus Adebayo, said the policy aligned with the group’s long-standing push for local content in housing development, noting its...
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Construction sector lagging in digital revolution – Stakeholders

12.05.2025
Stakeholders have said the construction sector is lagging in the digital revolution, despite its vital role in driving economic growth. They stated this at the Lagos Architects’ Forum 160, themed ‘Digital Transformation in Architecture – Building Smart Cities.” The Special Adviser to the Governor in the Ministry of Works and Infrastructure, Lagos State, Adekunle Olayinka,...
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CBN raises T-bills auction offer to N550bn – Report

12.05.2025
The Central Bank of Nigeria raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in the previous auction. The offer covers the 91-day, 182-day, and 364-day tenors. Despite the increase, investor demand weakened, with total subscriptions dropping by 29.45 per cent to N1.01tn. However, total allotments at the auction exceeded...
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First Asset Management grows AUM above N1tn

12.05.2025
An investment management firm and a subsidiary of First HoldCo Plc, First Asset Management Limited, has announced that it surpassed N1tn in Assets Under Management. In a statement made available to our correspondent on Sunday, the achievement signals the company’s position in the Nigerian financial sector and underscores the trust and loyalty its clients have...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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