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Vitafoam declares N3.75bn dividend after profit surge

09.03.2026
Shareholders of Vitafoam Nigeria Plc have approved a N125 m capital injection through a bonus share issue and endorsed a N3.75 bn dividend payout. This signalled strong investor confidence in the company’s improving financial performance. The approvals were granted at the company’s Annual General Meeting, where shareholders authorised the capitalisation of N125,084,406 from retained earnings...
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Global Investors Eye Nigeria’s Rising Growth Potential

09.03.2026
Global interest in Nigeria’s commercial landscape has reached a new peak as the country continues its strategic push to become a $1 tn economy by 2030. During a high-level mission to Lagos, the Commonwealth Enterprise and Investment Council underscored the country’s pivotal role in the ongoing global economic shift, noting that investors from both the...
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How Intentional Systems Drive Gender Parity in Energy

09.03.2026
Marieme-Sav Sow, Vice President for Engagement and Advocacy at TotalEnergies EP Africa, has challenged the energy industry to move beyond “diversity reports” and focus on the structural shifts required to grant women genuine influence in the sector. In a statement released on Sunday by Tracy Walakira, Director of Public Relations and Strategic Communications and Culture...
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SUNU Assurances announces N9.3bn rights issue plan

09.03.2026
SUNU Assurances Nigeria Plc has officially initiated a plan to raise N9.3 bn in fresh equity capital through a Rights Issue. This is a strategic move to comply with the new regulatory landscape set by the Nigerian Insurance Industry Reform Act 2025. The capital raise, which targets a July 2026 compliance deadline, will see the...
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FGN Securities Lead Pension Investments to 2.2% Growth

09.03.2026
The Nigerian pension industry kicked off 2026 with a powerful surge, as total pension fund assets climbed by N580 bn in January alone. This 2.2 per cent growth trajectory pushed the nation’s total pension valuation from N27.45 tn in December 2025 to a staggering N28.03 tn. According to the latest monthly report released by the...
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Stakeholders Convene for Insurance Reforms in Nigeria

09.03.2026
Nigeria’s financial services leaders, top experts, and policymakers converged in Lagos for the inaugural Insurance Sector Consultative Forum. The forum, sponsored by Rex Insurance Limited, brought together over 100 senior leaders, including regulators, operators, and legislators, to build a unified front for the transformation of an industry currently facing less than one per cent penetration...
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Veritasi pushes data-driven real estate strategies for realt

09.03.2026
Veritasi Homes Plc has intensified efforts to drive the adoption of digital tools and data-driven strategies among real estate professionals. It urged practitioners to embrace technology to remain competitive in Nigeria’s increasingly dynamic property market. The company’s campaign followed the fifth edition of the Veritasi Realtors Conference, held in partnership with the Lagos Business School...
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Adoke Welcomes OPL 245 Settlement, Demands Apology

08.03.2026
A former Attorney-General of the Federation and Minister of Justice Mohammed Bello Adoke has welcomed the Federal Government’s resolution of the long-running dispute over Oil Prospecting Licence 245. He described the move as long overdue and vindicating the actions taken during the administration of ex-president Goodluck Jonathan. In a statement shared with PUNCH Online on...
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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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