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20 insurance firms record N519bn market cap

17.01.2025
The Nigerian insurance sector has achieved a collective market capitalisation of N519.04bn, with top players such as AXA Mansard Insurance, AIICO Insurance, and Cornerstone Insurance leading the way. AXA Mansard Insurance, with a market cap of N81.9bn, leads the sector despite a slight decline of 1.62 per cent in its share price. AIICO Insurance follows...
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Eterna Plc announces Adeosun as CEO

17.01.2025
The Board of Directors of Eterna Plc has appointed Mr Olumide Adeosun as the new Managing Director/Chief Executive Officer of Eterna Plc. According to a statement issued on Thursday by the Company’s Secretary/Legal Adviser, David Edet, the appointment will take effect on February 3, 2025. The board commended the outgoing MD/CEO, Mr Abiola Lawal, who...
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Eight factors to consider before relocating abroad

17.01.2025
In this article, HENRY FALAIYE explores the crucial factors Nigerians should consider before deciding to relocate abroad, providing an in-depth analysis of financial, cultural, legal, and social aspects that must be thoroughly evaluated to ensure a seamless transition to life in a foreign country Relocating abroad is a significant life decision, one that demands careful...
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Fola Adeola sells N10.9bn in Aradel shares

17.01.2025
The co-founder of Guaranty Trust Bank, Fola Adeola, has sold 18,250,000 units of shares in Aradel Holdings valued at N10.9bn. In a notice filed on the Nigeria Exchange Limited recently, the transaction, which took place on December 31, 2024, was executed at a price of N598.50 per share. Aradel is an integrated energy company with...
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Universal Insurance appoints new CEO

17.01.2025
Universal Insurance Plc has announced the appointment of Japhet Duru as its new Managing Director/Chief Executive Officer, effective January 10, 2025. In a statement filed by the Company Secretary, Chinedu Onyilimba, on the Nigeria Exchange Limited on Thursday, Duru, who joined the company last August as Executive Director, Technical Operations, has been serving as the...
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N700bn required to maintain federal roads annually – FG

17.01.2025
The Minister of State for Works, Mohammad Goronyo, has expressed concern that the current budgetary allocation to the Federal Roads Maintenance Agency is grossly insufficient, given the critical role the agency plays in maintaining and repairing roads across the country, as well as the vast scale of the task it is responsible for nationwide. He...
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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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