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Delayed Insurance Decisions Compound Risks, Warns CEO

02.02.2026
The Managing Director and Chief Executive Officer of Coronation Insurance Plc, Olamide Olajolo, has warned that when Nigerians delay decisions surrounding insurance, they compound their risks. He said this in an interview where he highlighted the company’s ‘Insure and Win 2.0’, which was launched during the festive season. The PUNCH reports that Coronation Insurance launched...
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Nigeria Pension Assets Hit Historic N27.45tn High in 2025

02.02.2026
Nigeria’s pension fund assets closed 2025 at a historic high of N27.45tn, consolidating the steady growth recorded through the final quarter of the year, according to the unaudited pension funds industry portfolio report for the period ended 31 December 2025. According to the figures released by the National Pension Commission, the year-end figure represents a...
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NGX All-Share Index Slips 0.09% in Weekly Trading

02.02.2026
Last week, the Nigerian Exchange Limited All-Share Index fell 0.09 per cent to close the week at 165,370.40 points, while market capitalisation rose 0.18 per cent to N106.153tn. Most other indices closed higher, except NGX 30, CG, Premium, Banking, Pension, Growth, and NGX Pension Broad, which recorded declines of 0.13, 0.63, 0.75, 0.63, 0.41, 1.13,...
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NEM Insurance Praised for Timely Claims Payouts

02.02.2026
Some NEM Insurance customers have praised the company for its timely claims payments and quality service. One of the customers, the Chief Executive Officer of King John Environment Services, Ogunyinka Johnson, commended NEM Insurance Plc for exceptional service and strong commitment to prompt claims settlement. In a video testimonial, Ogunyinka, who has maintained a comprehensive...
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Linkage Assurance Revenue Grows by 24% to N27.6bn in 2025

02.02.2026
Underwriting company Linkage Assurance Plc delivered a robust operating performance in the 2025 financial year, driven by premium growth across its insurance portfolios. This performance was reported in the company’s unaudited financial statements for the period ended 31 December 2025, filed on the Nigerian Exchange Limited. According to the report, the company posted a 24...
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PwC Cautions Firms on Slow Interest Rate Relief in Nigeria

02.02.2026
PwC warns that even as Nigeria’s macroeconomic stability improves, with easing inflation and stronger business confidence, the benchmark interest rate is unlikely to fall as quickly as businesses hope. This was discussed in Lagos at PwC’s Executive Roundtable on Nigeria’s 2026 Budget and Economic Outlook, held in partnership with BusinessDay, where senior PwC partners, economists...
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Beer Sales Boost International Breweries’ Revenue by 27%

02.02.2026
International Breweries Plc recorded a rebound in its financial performance in the 2025 financial year, as revenue rose by 26.8 per cent to N620.1bn, from N489.0bn in the corresponding period of 2024, driven largely by improved beer sales volumes, better pricing, and stronger market demand. The revenue growth reflects a gradual recovery in consumer spending...
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NigComSat-2 gets N420m budget allocation despite funding cut

02.02.2026
The Federal Government has proposed a budgetary allocation of N420.97m for the NigComSat-2 Project in the 2026 fiscal year, signalling a scaled-down but sustained push to advance Nigeria’s next-generation satellite communications programme. Details from the 2026 Appropriation Bill show that the allocation to Nigeria Communication Satellite Limited represents a decline from the N601.39m provided for...
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How Tax Reforms Can Unlock Nigeria’s Oil and Gas Value

02.02.2026
Stakeholders in Nigeria’s oil and gas industry have said recent fiscal reforms, particularly the Nigeria Tax Act 2025, hold significant potential to unlock value across the country’s energy value chain if effectively implemented. They made this known at the 2026 Oil and Gas Symposium organised by the Nigerian Institution of Petroleum Engineers in Abuja, where...
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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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