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RMB Guides Helios on Landmark Axxela Equity Sale

20.01.2026
Rand Merchant Bank has announced that it acted as the Exclusive Financial Adviser to Helios Investment Partners on the completed sale of its 75 per cent equity interest in Axxela Limited to BlueCore Gas InfraCo Limited. In a statement on Sunday, RMB, which is a division of FirstRand Bank Limited, also indicated that as part...
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Insurance upgrades in Nigeria need more than capita

20.01.2026
Industry experts have said that Nigeria’s ongoing insurance recapitalisation must be matched with deliberate investments in skills, technology and market expansion to deliver real value to the economy and the public. Speaking on the state of the industry, former President of the Chartered Insurance Institute of Nigeria, Edwin Igbiti, said the current phase calls for...
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Access ARM Pensions Assets Exceed N4tn After Merger

20.01.2026
Access ARM Pensions has exceeded the N4tn mark in assets under management, marking a major milestone and underscoring the strong momentum following the merger of Access Pensions and ARM Pensions. The achievement represents a significant increase from less than N3tn AUM recorded at the completion of the merger in October 2024. Since then, the combined...
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SUNU Group Honors Founder’s Legacy on 3rd Anniversary

20.01.2026
The SUNU Group has marked the third anniversary of the passing of its founder, Mr Pathe Dione, across its operational footprints in Africa. According to a statement from the Nigerian arm of the company, the commemoration, which took place from Nigeria to the other 16 African countries where the Group operates, saw SUNU employees converge...
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UBA Foundation Supports 100,000 Across Nigeria and Africa

20.01.2026
UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa Plc, has distributed essential materials worth several millions of naira and dollars to school students, orphanages, internally displaced persons camps, and vulnerable communities across Nigeria and 19 other African countries where the bank operates. As part of its Food Bank and Giving Back...
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Obat Oil Plans 200 Retail Stations & Partners with Dangote

20.01.2026
In a conversation with DARE OLAWIN, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, discusses the company’s strategic advantages, operational improvements, plans to grow its retail network, collaboration with the Dangote refinery, and how technology, infrastructure, and cleaner energy are driving its long-term vision for Nigeria’s downstream sector. Obat Oil has been a homegrown player in...
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Abuja Disco transitions into HoldCo, names new subsidiaries

19.01.2026
Abuja Electricity Distribution Plc has announced its transition into a Holding Company structure, a move aimed at strengthening its capacity to operate effectively within Nigeria’s evolving electricity market and the newly decentralised regulatory environment. The company said in a Sunday statement that the restructuring followed the enactment of the Electricity Act of 2023, which empowers...
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Petrol Imports Dominate Nigeria’s Supply Despite Refineries

19.01.2026
Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for 62.47 per cent of the country’s total Premium Motor Spirit consumption, The PUNCH reports. This trend persisted despite the commencement of operations, steady ramp-up in production and distribution of petrol by domestic refineries, notably the Dangote Petroleum Refinery, alongside state-owned...
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Global markets face volatility amid US-Europe trade tensions

19.01.2026
Global markets are expected to face renewed volatility after United States President Donald Trump threatened to impose tariffs on eight European nations over a dispute regarding Greenland. According to Reuters, Trump announced plans to levy a 10 per cent import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland,...
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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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