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Heirs Insurance Posts N61BN Premium, Shows Massive Growth

22.07.2025
Heirs Insurance Group has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across business lines and metrics. The insurance group reported a combined Gross Written Premium of N61bn in 2024 for its life and general insurance companies, indicating a 70 per cent increase from the N35.8bn recorded...
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Naira Slips to 1,532/$ Despite CBN Intervention

22.07.2025
The naira closed the past week weaker than the previous one, as it depreciated by 0.14 per cent week-on-week to settle at 1,532.34/$ at the Nigerian Foreign Exchange Market. This weakening came despite the naira rebounding to a four-month high on the first trading day to close at 1,518.88/$. After that, it weakened to 1,530.25/$,...
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Enugu’s Electricity Tariff Cut Sparks GenCos Protest

22.07.2025
Nigeria’s power generation companies have opposed the Enugu Electricity Regulatory Commission’s planned cut of Band A electricity tariffs, warning that the decision relies on questionable subsidy assumptions and poses serious risks to the country’s fragile power sector. In a statement issued on Monday by the Chief Executive Officer of the Association of Power Generation Companies,...
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Nigeria’s Q1 2025 GDP Growth Hits 3.13%

22.07.2025
Nigeria’s Gross Domestic Product grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025. This is according to the latest report by the National Bureau of Statistics on Monday. According to the bureau, this represents an improvement over the 2.27 per cent growth recorded in the corresponding period of 2024....
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Policy Enforcement Key to Nigeria’s Industrial Revival – MAN

22.07.2025
The Manufacturers Association of Nigeria has hailed the Federal Government’s recent directive to Ministries, Departments, and Agencies to prioritise locally manufactured goods as a strategic step towards revamping Nigeria’s economy. Speaking at the 11th Annual General Meeting of the Kwara/Kogi States branch of the association held in Ilorin, the Kwara State capital, MAN President, Francis...
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Nigeria’s High Interest Rates: CBN Explains Policy

22.07.2025
The Central Bank of Nigeria has explained why interest rates remain elevated, insisting that the monetary policy stance reflects not just a fight against inflation but a bold attempt to restore credibility, rebuild investor confidence, and defend the value of the naira. The CBN Governor, Olayemi Cardoso, disclosed this at the Nigeria Domestic Investment Summit:...
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NNPC Reports Record N905bn Profit, Production Rebounds

22.07.2025
The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the latest data from the national oil company has revealed. This is part of the NNPC Limited Monthly Report Summary for June released on...
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Enugu Electricity Tariff Cut Sparks Gencos, Discos Outrage

22.07.2025
More states have announced plans to reduce electricity tariffs in their jurisdictions after the Enugu Electricity Regulatory Commission issued a new tariff order to MainPower Electricity Distribution Limited, revising the electricity cost for Band A customers from N209 per kilowatt-hour to N160/kWh, effective August 1, 2025. This was, however, vehemently opposed by power generation and...
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ICAN to Amplify Role in Nigerian Economy and Governance

21.07.2025
The Institute of Chartered Accountants of Nigeria has declared its readiness to strengthen its voice in the area of economy and governance in the country. This stance was expressed by the 61st ICAN President, Yahaya Haruna, during the investiture ceremony of the 25th Chairman of ICAN, Ibadan and District Society, held on Thursday in Ibadan,...
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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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