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Beta Glass revenue climbs to N117.58bn

Beta Glass Plc reported revenue of N117.58bn for the financial year ended December 31, 2024, representing an 87 percent increase from the N62.91bn recorded in the previous year. The company’s unaudited financial statement filed with the Nigerian Exchange Limited recently showed that the surge in revenue contributed to a 117 per cent rise in profit...
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Shyllon Museum, firm empower artists with copyright protection

The Yemisi Shyllon Museum of Art at the Pan-Atlantic University, in collaboration with the Guild of Professional Fine Artists of Nigeria and Kenna Partners, has empowered Nigerian artists with copyright protection knowledge. The workshop titled ‘Empowering Artists: Navigating Legal and Contractual Issues in the Arts World,’ which was held at the museum, placed a spotlight...
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Equity market opens week with N83bn gain

The Nigerian equity market started the week on a positive note, with a total of 510,569,320 shares traded in 14,611 deals, valued at N13.25bn. The benchmark All-Share Index increased by 134.18 points, or 0.13 per cent, closing at 104,630.30. This represents a 56 per cent decline in volume and a 13 per cent decrease in...
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Operators rake in N253bn from motor insurance

The insurance industry generated about N253.6bn from motor insurance in the first three quarters of 2024, The PUNCH can reveal. According to the quarterly reports from the National Insurance Commission, the insurance sector saw Gross Written Premium from motor insurance hit N253.6bn, which is about 10.32 per cent of the entire GWP for the industry...
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Firm backs govt’s push for cotton industry revitalisation

A cotton, textile, and garment advocacy firm, House of Dorcas Integrated Services, has reaffirmed its commitment to cotton and textile transformation, backing the Federal Government’s strategy to restore the industry’s global competitiveness. The Managing Director of HDi, Ololade Adeneye, in a statement, described the cotton and textile revamp as “more than an initiative; it is...
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VFD records N10.4bn profit

VFD Group Plc has reported a profit of N10.4bn for the year ended December 31, 2024, marking a recovery from a loss of N750.4m recorded in the previous year. In its unaudited financial results for 2024, the company saw a rise in gross earnings, which surged by 84 per cent to N83.2bn, up from N45.1bn...
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Parallex Bank rewards 134 customers

Parallex Bank has rewarded 134 customers with cash prizes in the third edition of its Save and Win Promo Live Draw. In a statement made available to our correspondent on Monday, the event, attended by representatives from the National Lottery Regulatory Commission, saw millions of naira distributed to winners across the country. Speaking at the...
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States will get $30m to boost food security – Minister

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, has said that states meeting specific criteria will receive a $30m allocation as part of the Rural Access and Agricultural Marketing Project scale-up initiative. This funding aims to enhance Nigeria’s agricultural sector and ensure national food security. States that establish the Rural Access Road...
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Petrol price drops to N925/litre at private depots

The loading cost of Premium Motor Spirit (petrol) at private depots dropped to N925 per litre on Monday. The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday. Marketers said this reduction was influenced by the decision by the Dangote Petroleum Refinery to reduce its ex-depot price of PMS,...
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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...