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Cornerstone Insurance Profit Grows to N25bn

09.06.2025
Cornerstone Insurance has recorded 87.11 per cent in its profit after tax for the 2024 financial year, N25.89bn, compared to N13.84bn in the previous year. This was revealed in its 2024 annual report filed with the Nigerian Exchange Limited. The company provides both life and non-life insurance services for both corporate and individual customers. It...
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New Maternity Ward Opens at Ebute Metta Hospital

09.06.2025
The Lagos State Development and Property Corporation has renovated and transformed a portable cabin to serve as a new maternity ward at the Ebute Metta General Hospital as part of its corporate social responsibilities. In a statement, it was noted that at the handover ceremony, the Medical Director of Ebute Metta General Hospital, Dr Irewole...
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Nigeria Approves New Urban Development Policy

09.06.2025
The Federal Executive Council has endorsed a landmark 10-year National Urban Development Policy that introduces metropolitan planning commissions and embraces the innovative 15-minute city model to transform Nigeria’s rapidly expanding urban regions. The disclosure was contained in a statement published recently on the official website of the Ministry of Housing and Urban Development, which described...
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Dangote Refinery Petrol Price Too High? – IPMAN Speaks Out

09.06.2025
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below the current N825 per litre price being sold by the Lekki-based plant. IPMAN Publicity Secretary, Chinedu Udadike, in an interview with our correspondent, stated that the refinery had the necessary enabling factors to sell petrol...
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Firm, philanthropists support Nigerians with disabilities

09.06.2025
Pukka Logistics and Support Services Ltd., in collaboration with international philanthropists, has extended support to Nigerians living with disabilities in Lagos. At an event held at the Centre for Citizens with Disabilities office in Opebi, Ikeja, food items were distributed, and messages of hope were shared with beneficiaries. The representative of Pukka Logistics, Akingbelu-Banjo, said...
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Ecobank Transnational appoints Ayo Adepoju as Executive Director

09.06.2025
The Board of Directors of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has announced the appointment of a Nigerian, Ayo Adepoju, to the Board as Group Executive Director. According to a statement on Friday, the appointment became effective on Wednesday. Before his appointment, Adepoju was the Group Chief Financial Officer. ETI indicated...
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High Interest Rates Crippling Nigeria’s Manufacturers

09.06.2025
The Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, speaks on the struggles of local manufacturing firms amid high inflation and interest rates, insecurity, and a torrent of substandard imports. She explains how her company is navigating the economic environment and highlights the need for government intervention to sustain businesses in this interview with OLUWAKEMI...
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Water Project Failures: $700M Lost?

09.06.2025
The World Bank has blamed weak institutional capacity at the sub-national level for the failure of Nigeria’s $700m Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme. The programme, which aims to increase access to water, sanitation, and hygiene services and strengthen sector institutions across participating states, has recorded limited progress nearly four years...
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Why new firm won oil blocks in 2024 round — NUPRC

09.06.2025
The Nigerian Upstream Petroleum Regulatory Commission has explained why a new company won oil blocks in the 2024 licensing bid round. There were complaints that Panout Oil & Gas, an eight-day-old oil company (as of the time of the bid), won oil blocks. At the licensing round commercial bid conference held in Lagos last December,...
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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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