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Reinsurance Industry Stable Despite Global Risks

S&P Global Ratings has said that the global reinsurance industry looks stable despite the uncertainties on the global scene. This was disclosed at the 41st Annual North American Insurance Conference, according to Reinsurance News on Friday. S&P believed that the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property/casualty...
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Dangote Launches Nationwide Fuel Distribution

The Dangote Petroleum Refinery has announced plans to begin a nationwide distribution of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) starting from August 15. This was as fears of fuel scarcity mounted in Lagos and other parts of the country following the controversy surrounding the E-Call Up system of the Lagos State Government....
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Africa Supply Chain Summit in Lagos

Africa’s supply chain development is the focus of an upcoming summit, which will bring together industry stakeholders across the continent to transform the continent’s procurement sector into a more efficient driver of development. According to a statement, the President of the African Public Procurement Network, Dr Clever Ruswa, will deliver the keynote address at the...
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OPay Scholarship: N300,000 for Indigent Students

OPay Digital Services Limited, popularly called OPay, has signed a Memorandum of Understanding with Olabisi Onabanjo University, Ago Iwoye, Ogun State, to support 20 indigent undergraduates of the institution with a N300,000 scholarship for each of the students annually. Speaking during the signing of the MoU with the university management held at its Senate building...
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Nigeria Insurance Week 2025 Unveiled

The Chartered Insurance Institute of Nigeria has unveiled the inaugural edition of its Insurance Week as part of efforts to raise insurance awareness. According to a statement from the CIIN, the 2025 Insurance Week is designed to promote insurance awareness, stakeholder engagement and industry collaboration. The seven-day event series will focus on awareness, innovation, and...
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SUNU Assurances Pays N3.28bn in Claims

SUNU Assurances has stated that the value of the claims it paid to customers in 2024 rose by 57.8 per cent to N3.28bn from N2.08bn in 2023. This was disclosed at the 38th Annual General Meeting of the firm held in Lagos on Friday. Presenting the annual report, the Chairman of the company, Kyari Abba...
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Cybersecurity Insurance: Insurers Back NAICOM’s Push

The Insurers Committee, has said that the cybersecurity guidelines from the National Insurance Commission would position the sector for protection and opportunity. This was disclosed by Mr Moruf Apampa, the Vice Chairman, Subcommittee, Communication and Stakeholder Engagement of the Insurers Committee, at its 18th meeting held at the National Insurers Association headquarters in Lagos. The...
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ESG Investing: Reshaping Nigeria’s Pension Industry

The Chief Executive Officer of the Pension Fund Operators Association of Nigeria, Oguche Agudah, has said that the standardisation of Environmental, Social, and Governance reporting would be a game-changer for the pension industry. Agudah said this at the High-Level Roundtable in Lagos, a pre-event of the 2025 Africa Impact Summit Study Tour in Nigeria, convened...
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NSE Joins Global Engineering Capacity Consensus

The Nigerian Society of Engineers has joined 32 other engineering organisations and professional bodies from across the globe to sign the Consensus on Engineering Capacity Building for the Belt and Road during the opening session of the Belt and Road Forum on Engineering Capacity. In a statement, it was noted that the event was held...
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50,000 Youths to Get Climate-Smart Skills

GreenHubAfrica Foundation, an environmental sustainability media platform, has launched a Climate Action SuperHeroes Youth Network. In a statement, it was noted that CASH is a digital-first platform to train and empower 50,000 young changemakers in climate-smart innovation and circular-economy enterprises. The organisation carried out the launch at a hybrid event convened at UN House in...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...