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Coronation Insurance rewards customers with N30m

10.01.2025
Coronation Insurance Plc has rewarded customers who emerged winners of its ‘Insure & Win’ promo with prizes worth N30m. According to a statement, Coronation’s promo was an effort to promote insurance awareness and loyalty in Nigeria. The first phase of the raffle draw took place at the company’s head office in Ikoyi, Lagos, and saw...
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Power stagnates at 4,500MW despite $3.23bn loans

10.01.2025
Nigeria’s electricity generation has continued to hover around an average of 4,500 megawatts despite the country securing loans totalling over $3.23bn in about four years from international financial institutions. Global institutions such as the World Bank, the African Development Bank, and the Japan International Cooperation Agency have supported the power sector with billions of dollars...
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Stockbrokers’ institute appoints new CEO

10.01.2025
The Chartered Institute of Stockbrokers has appointed Ayo Adeonipekun as its new registrar and chief executive officer. Adeonipekun, with over 25 years of experience in finance and corporate management, succeeds Josiah Akerewusi, who retired after a decade of service. Before his appointment, Adeonipekun was the pioneer Managing Director/CEO of Reliance Capital Limited. He holds a...
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Inflation, bond selloff trigger global stock market slump

10.01.2025
Global stock markets faced downward pressure on Thursday, as the recent surge in inflation and a widespread bond selloff continued to affect investor sentiment, Reuters reported. The U.S. dollar remained near its highest levels in over a year, while U.S. Treasury yields saw an uptick following recent signs of resilience in the U.S. economy, which...
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Nigeria’s beverage, food industries hit N10.84tn market cap

10.01.2025
Nigeria’s beverage and food sectors have collectively achieved a total market capitalisation of N10.84tn, according to end-of-Wednesday trading data on the Nigerian Exchange Limited. The beverage sector, comprising breweries and distilleries, recorded a combined market capitalisation of N2.06tn. Industry giants like Nigerian Breweries Plc. and International Breweries Plc. drove the numbers, contributing N997.65bn and N908.77bn,...
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Equity market record N793bn gain

10.01.2025
The Nigerian Stock Exchange recorded a positive close on Thursday, with the All-Share Index rising by 1.25 per cent to close at 105,530.74 points, up from 104,230.73 points. In line with the growth in the ASI, the market capitalisation surged by N793bn, closing at N64.351tn. This increase brings the year-to-date gain to 2.53 per cent,...
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SEC plans framework for sustainable government borrowing

10.01.2025
The Securities and Exchange Commission has announced plans to enhance the regulatory framework for borrowing by governments and corporates, emphasising sustainability and efficiency in the financial system. According to a statement on Wednesday, the Director-General of the Commission, Dr Emomotimi Agama, made this known during a recent interview, highlighting the importance of borrowing in driving...
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NiMet forecasts hazy weather beginning Wednesday

10.01.2025
The Nigerian Meteorological Agency has forecast hazy weather conditions nationwide from Wednesday through Friday. In its weather outlook released on Tuesday in Abuja, NiMet projected moderate dust haze with horizontal visibility ranging between 2km and 5km throughout the forecast period. “In the North Central region, moderate dust haze with similar horizontal visibility is anticipated. “The...
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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
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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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