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REA disburses N9bn to boost mini-grid projects in Nigeria

07.04.2026
The Rural Electrification Agency has disbursed about N9bn to support the deployment of mini-grid projects in Taraba, Kogi, and Kwara states as efforts to expand renewable energy access gather pace. This was contained in a statement made available to our correspondent by the agency on Sunday. According to the statement, the agency announced that N7.95bn...
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CHH reports N79bn assets in 2025 financial results

07.04.2026
Consolidated Hallmark Holdings Plc has released its audited financial results for the 2025 fiscal year, reporting a significant expansion of its balance sheet and a reinforced commitment to policyholder obligations despite a complex macroeconomic environment. The Group’s total assets surged 33 per cent, rising from N57bn in 2024 to N79bn in 2025. This growth was...
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Tinubu approves N3.3tn power debt bailout for Nigeria

07.04.2026
As the power sector struggles with liquidity challenges across the value chain, President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme. According to a statement on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the debt...
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MAIDS Launches Blockchain Insurance Model in Nigeria

07.04.2026
Mutual Aid Specialist Micro-Insurance Limited has officially launched its operations, introducing a first-of-its-kind Blockchain Hybrid Mutual Insurance model in a move set to redefine the trust dynamics of the Nigerian financial sector. The launch, held at the company’s headquarters in Lagos, comes at a pivotal moment for the industry following the recent enactment of the...
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Beta Glass Reports Record N33.25bn Profit for 2025

06.04.2026
Beta Glass Plc has officially released its audited financial statements for the year ended 31 December 2025, revealing a record-breaking performance that highlights the company’s operational resilience amidst a complex economic landscape. The leading glass container manufacturer in West and Central Africa reported a profit after tax of N33.25bn, a staggering 144 per cent increase...
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Nigeria Oil Production Rises to 1.8mbpd Amid Local Demands

06.04.2026
Local refiners and organised labour have renewed calls for increased crude supply and lower fuel prices following confirmation that Nigeria’s oil production has risen to about 1.8 million barrels per day, saying higher output should translate into improved feedstock availability for domestic refineries and relief for consumers. The spokesperson for the Crude Oil Refiners Association...
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Startup leverages AI to bridge maternal healthcare gap

06.04.2026
Solayo Africa, a health-tech company, is leveraging WhatsApp technology to build a scalable maternal healthcare ecosystem across Africa, targeting gaps in access, affordability, and service delivery. In a statement on Friday, the firm noted that through its AI-powered chatbot, Moma, it delivers personalised maternal care support from pregnancy through postpartum and into a child’s first...
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Nigeria’s Economic Reforms Yielding Positive Results

06.04.2026
The Director of Expenditure (Social) at the Budget Office of the Federation, Yusuf Kurawa, has said Nigeria is currently grappling with fiscal challenges but assured that ongoing economic reforms by the Federal Government are beginning to yield positive results. Kurawa stated this while speaking with journalists on Friday in Kano, noting that the country’s economic...
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Coronation Insurance Revenue Grows 51% in 2025 Financials

06.04.2026
Coronation Insurance Plc has released its audited financial results for the year ended 31 December 2025, revealing a significant expansion in its top-line performance despite a volatile macroeconomic environment. The Group’s insurance revenue grew by 51 per cent compared to the 2024 fiscal year, a surge driven by robust underwriting activities in its Nigeria and...
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Experts Urge Govt Support for Nigerian Tech Sector Growth

06.04.2026
Tech experts have called on the Federal Government to strengthen power supply and support indigenous technology firms following the acquisition of ZuumHost by HoganHost, a web hosting platform. The call comes amid growing concerns over the sustainability of Nigeria’s digital infrastructure as local firms continue to expand operations in a challenging business environment. The acquisition,...
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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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