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Universal Insurance settles N3bn claims

18.04.2025
Universal Insurance Plc has paid out a total of N3bn as claims to policyholders who suffered losses during the 2024 operating year. In a recent statement from the underwriter, the claims were made between January 2024 and December 2024. Speaking on the development, Managing Director/Chief Executive Officer of Universal Insurance Plc, Dr Jeff Duru, said...
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Access Holdings posts N642.2bn profit

18.04.2025
Access Holdings Plc recorded a profit after tax of N642.2bn for the financial year ended December 31, 2024. This marked a four per cent increase from the N619.3bn reported in 2023. The group’s audited financial statement released on the Nigerian Exchange Limited on Wednesday showed that Access Holdings’ gross earnings jumped by 88 per cent...
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Dangote Cement, Seplat, UBA win awards

18.04.2025
Dangote Cement has won the platinum award at the second edition of the Corporate Reporting Award, as MTN Nigeria won gold and Seplat Energy emerged as runner-up for being outstanding in their corporate reporting for 2023. The Corporate Reporting Award, which was organised by the Institute of Chartered Accountants of Nigeria and the NGX Regulation...
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2025 budget may not fund capital projects – LCCI

18.04.2025
The Lagos Chamber of Commerce and Industry has expressed concern over the feasibility of implementing Nigeria’s capital expenditure in the 2025 budget, warning that the current fiscal structure cannot fund it. Speaking at a press briefing in Lagos on the state of the economy on Thursday, LCCI President Gabriel Idahosa stated that the Federal Government’s...
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Nigerian firms urged to integrate risk reform for growth

18.04.2025
Nigerian firms must integrate robust risk management into their core strategies to attract sustainable investment, corporate executives urged at a Lagos seminar, warning that weak risk culture and erratic policies threaten economic resilience. The hybrid session, hosted by Kreston Pedabo under the theme “Spreading Business Resilience: Integrating Enterprise Risk Management for Sustainable Growth,” convened stakeholders,...
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FSDAi injects £10m into ARM-Harith for economic growth

18.04.2025
FSD Africa Investments, the UK-backed specialist development finance investor, has committed £10m to ARM-Harith’s Climate and Transition Infrastructure Fund in a bid to unlock Nigerian pension funds for infrastructure development and boost the national economy. The strategic investment is aimed at addressing long-standing barriers that have kept domestic institutional capital on the sidelines of infrastructure...
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NAPTIP partners firm to curb human trafficking

18.04.2025
The National Agency for the Prohibition of Trafficking in Persons has signed a Memorandum of Understanding with a gender-centric non-governmental organisation, the MMS Woman of Fortune Hall of Fame Initiative, to curb human trafficking in the maritime sector. This was announced in a statement on Wednesday by the Chief Executive Officer of the MMS WoFHoF...
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FirstBank sponsors Lagos musical theatre

18.04.2025
First Bank has sponsored the showing of a musical theatre show put together by Eko Hotels and Suites, titled The Jewel. At a press conference to announce the event on Wednesday at Eko Hotels, FirstBank said the sponsorship of the event reflected its commitment to the creative industry. FirstBank has been providing support for the...
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Lasaco Assurance gets ISO certification

18.04.2025
Lasaco Assurance Plc has revealed that it has obtained the ISO/IEC 27001:2022 certification, a globally recognised benchmark for information security management systems. According to a statement issued on Wednesday, Lasaco said that the certification followed a thorough and detailed re-certification audit, validating its commitment to upholding the highest standards in information security and cybersecurity. ISO/IEC...
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N800/litre petrol in sight as oil prices tumble

18.04.2025
The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. This comes as the Dangote Petroleum Refinery reduced...
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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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