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Oando, Lagos govt to deploy 5,000 electric buses

The Group Chief Executive Officer of OandO Plc, Wale Tinubu, said the plans of the oil company to partner with the Lagos State Government to deploy 5,000 electric commercial vehicles to the state are now in top gear. Tinubu said the decision of the firm to invest in electric vehicles, particularly public transportation, was triggered...
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Insurance sector assets hit N3.88tn in Q3 – NAICOM

Total assets in the insurance sector expanded by 5.15 per cent to N3.88tn at the end of the third quarter of 2024 compared to N3.69tn reported in the previous quarter. This was indicated in the bulletin of the insurance market performance in the third quarter published by the Research & Statistics Department of the National...
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SEC to intensify monitoring of capital market operators – Agama

The Securities and Exchange Commission has pledged to intensify its oversight of capital market operators to ensure strict adherence to regulations and enhance investor confidence in Nigeria’s financial system. Speaking at the office launch of Norrenberger Asset Management Limited and the 2025 capital market outlook event in Abuja on Monday, the SEC Director-General, Dr Emomotimi...
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Equity market gains N795bn

The Nigerian Stock Exchange experienced a surge of N795bn in market capitalisation on the first trading day of the week, bringing the total market capitalisation to N64.44 trillion. The All-Share Index increased by 0.79 per cent, gaining 820.65 points to close at 104,418.95. This represents a one-week gain of two per cent and a four-week...
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CIBN donates 160-seater lecture theatre to Babcock varsity

The Chartered Institute of Bankers of Nigeria is set to donate a 160-seater multimedia lecture theatre to Babcock University, Ilisan Remo, Ogun State. The president of CIBN, Prof. Pius Olanrewaju, during the groundbreaking ceremony for the building scheduled for completion in three months, said that the institute will continue to prioritise initiatives tailored towards enhancing...
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LCCI tasks telecom operators, regulators on service quality

The Lagos Chamber of Commerce and Industry has called on telecom operators and regulators to prioritise delivering quality services to Nigerians, even as concerns grow over the recent hike in telecom tariffs. In a statement issued on Monday, the LCCI’s Director-General, Dr Chinyere Almona, emphasised the critical role of telecommunications in the country’s economy and...
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BrazzPR secures $75,000 for tech startup

Brazzpr has secured $75,000 in funding for tech startup Wrkman following a digital campaign. The campaign, which focused on engaging both macro and micro-influencers across platforms like Twitter and Instagram, proved to be a change for Wrkman, propelling the startup to advance in terms of user acquisition and investor confidence. The Chief Executive Officer of...
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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...