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Lasaco Assurance pays N6bn claims

15.11.2024
Lasaco Assurance Plc incurred claims of N6bn as of Q3 2024, a 19 per cent increase compared to the same period in the 2023 financial period, affirming its commitment to prompt claims settlement to its customers. The company continued to demonstrate resilience and strategic foresight as it navigates 2024 with remarkable financial performance, it said...
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Tantalizers appoints new GMD, DMD

15.11.2024
Fast food restaurant chain, Tantalizers Plc, has appointed a new Group Managing Director, Robert Speijer, and a Group Deputy Managing Director, Charles Ifidon, with effect from October 29, 2024. According to a statement signed by the acting Company Secretary, Eze Nwa-Uwa, filed with the Nigerian Exchange Limited on Thursday, the move is part of the...
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Taiwan unveils electric vehicles in Nigeria

15.11.2024
The Chief Missioner of Taiwan in Nigeria, Andy Yih-Ping Liu, has unveiled electric motorbikes to support Nigeria in its efforts to achieve a carbon-free environment. He said this initiative is part of Taiwan’s efforts to showcase its technological advancements and to empower Africa, including Nigeria, through technology. Speaking at a green mobility summit with the...
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UBA to raise N239bn via rights issue

15.11.2024
United Bank for Africa Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria. The rights issue which opened on Friday (today) allows existing shareholders to purchase one new...
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Tinubu may present N47tn 2025 budget to N’Assembly today

15.11.2024
The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this week’s Federal Executive Council meeting...
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FG approves $2.2bn external borrowing

15.11.2024
The Federal Executive Council on Thursday approved a $2.2bn external borrowing plan. This is part of the Federal Government’s external borrowing programme for the 2024 Appropriation Act, the Finance Minister, Mr Wale Edun, told State House Correspondents after the Federal Executive Council meeting at the Aso Rock Villa, Abuja. The financing initiative will combine Eurobond...
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Ponzi scheme operators risk jail, N20m fine – SEC

15.11.2024
The Securities and Exchange Commission has proposed a N20m fine and jail terms for Ponzi scheme operators to protect Nigerians from illegal fund managers. SEC made the proposal in the Investments and Securities Bill (ISB) 2024 currently before the National Assembly, where it is also seeking an express prohibition of Ponzi/pyramid schemes and other illegal...
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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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