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NGX Surges N1.81tn Despite Holiday

09.06.2025
The Nigerian Exchange closed the first week of June on a bullish note, adding N1.81tn to investors’ wealth despite a shortened trading week due to the Eid-el-Kabir public holidays. The All-Share Index rose by 2.57 per cent to settle at 114,616.75 index points, while the market capitalisation appreciated to N72.275 tn from N70.465 tn recorded...
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Transparency Deal Boosts Nigerian Market

09.06.2025
The Petroleum Products Retail Outlets Owners Association of Nigeria has formally endorsed Petroleumprice.ng as the authoritative digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria. The endorsement, announced in a statement signed by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, followed a rigorous evaluation of the platform’s performance, transparency standards,...
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Pension Dividend: Trustfund Declares 55 Kobo

09.06.2025
Trustfund Pensions Limited has declared a dividend of 55 kobo per share for the 2024 financial year following a strong performance across major financial indicators. According to a press statement issued by the firm, the announcement was made during the company’s 16th Annual General Meeting held on Friday, May 30, 2025, at Fraser Suites, Abuja....
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Maternal Health: FrieslandCampina’s Pledge

09.06.2025
FrieslandCampina WAMCO, makers of Three Crowns Milk, has reaffirmed its commitment to improving maternal health and nutrition in Nigeria through its latest campaign, “Treasure That Nourishes Our World.” The company made this known in a statement to mark the 2025 World Milk Day, celebrated every June 1. Marketing Manager of Three Crowns, Chioma Igwe, said...
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Brazil & Nigeria: Strengthening Cultural Ties

09.06.2025
The President/CEO of the Brazilian Tourism Board (Embratur), Marcelo Freixo, has stated that the history of Brazil cannot be complete without mentioning Yorubaland. At a recent meeting with the Executive Secretary/CEO of the National Institute for Cultural Orientation, Otunba Biodun Ajiboye, in Brazil, Freixo said there is no way anybody in the world would talk...
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Honeywell Profit Soars 246% in 2025

09.06.2025
Honeywell Flour Mills Plc has posted a profit after tax of N14.59bn for the financial year ended 31 March 2025, representing a 246 per cent increase compared to a loss of N10.12bn recorded in the previous year. According to its audited financial statements filed with the Nigerian Exchange Limited on Monday, Honeywell Flour Mills experienced...
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Heirs Wins Insurance Award: Industry Recognition 2024

09.06.2025
Heirs Insurance Group has emerged as the Insurance Company of The Year at the 2024 Industry Awards. In a statement at the weekend, it was revealed that the recognition celebrates the group’s outstanding performance, innovation, and impact on Nigeria’s insurance sector. Commenting on the award, the Chief Marketing Officer of Heirs Insurance Group, Ifesinachi Okpagu,...
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Africa Re Profit Soars 32% to $22.5M

09.06.2025
The African Reinsurance Corporation has reported an overall net profit of $22.5m for the first quarter of 2025, indicating a 32.5 per cent increase compared to the $16.9m profit in the same period in 2024. According to the firm’s quarterly report, the net income increase was driven by an improvement in underwriting profit, coupled with...
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Microinsurance Boosts Pension Access – NAICOM

09.06.2025
The National Insurance Commission has highlighted microinsurance and digital platforms as holding the potential to drive the embrace of retirement products, especially in the informal sector. This was disclosed by the Commissioner for Insurance, Olusegun Omosehin, at the recently held Ispenonline Retirement Summit in Lagos. Omosehin, who was represented by the Lagos Director of NAICOM,...
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Nigerians Face Higher Costs, Poor Power

09.06.2025
Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country, an analysis of official industry data by The PUNCH has shown. This was as data revealed that electricity billing by distribution companies increased by 106.68 per cent...
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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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