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News

Punch Newspapers
punchng.com > heda-demands-liability-disclosure-before-totalenergies-asset-sale

HEDA demands liability disclosure before TotalEnergies asset sale

3+ hour, 47+ min ago   (559+ words) The Human and Environmental Development Agenda has urged the Nigeria Upstream Petroleum Regulatory Commission to publicly disclose how outstanding environmental and decommissioning liabilities will be addressed before approving TotalEnergies EP Nigeria Ltd’s proposed sale of its 10 per cent non-operated interest…...

Punch Newspapers
punchng.com > arik-shareholders-demand-answers-over-aircraft-dismantling

Arik shareholders demand answers over aircraft dismantling

4+ hour, 23+ min ago   (453+ words) Shareholders of Arik Air Ltd. have asked the airline’s Receiver Manager, Oluseye Opasanya, to explain the ongoing dismantling of a Boeing 737-700 at the domestic wing of the Murtala Muhammed Airport, Lagos. In a letter dated August 17, 2026, and signed by a…...

Punch Newspapers
punchng.com > prestige-assurance-moves-to-tackle-unclaimed-dividends

Prestige Assurance moves to tackle unclaimed dividends

4+ hour, 13+ min ago   (251+ words) Prestige Assurance Plc has published its list of unclaimed dividends on its website, urging affected shareholders to contact its registrars to claim outstanding payments. The insurer said the list was published online instead of in newspapers because of the large…...

Punch Newspapers
punchng.com > naicom-renews-push-to-expand-insurance-through-takaful

NAICOM renews push to expand insurance through Takaful

5+ hour, 42+ min ago   (292+ words) The National Insurance Commission has reiterated its commitment to harnessing the potential of Takaful insurance to deepen insurance penetration and promote financial inclusion in Nigeria. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, disclosed this in…...

Punch Newspapers
punchng.com > africa-re-posts-664-8m-insurance-revenue-as-claims-rise

Africa Re posts $664.8m insurance revenue as claims rise

4+ hour, 11+ min ago   (397+ words) The African Reinsurance Corporation recorded an 8.5 per cent year-on-year increase in insurance service revenue to $664.8m in the first half of 2026, driven by new business and improved renewal retention. The Nigeria-domiciled reinsurer said revenue growth was achieved across most of its…...

Punch Newspapers
punchng.com > tax-reform-must-end-multiple-taxation

Tax reform must end multiple taxation

3+ hour, 52+ min ago   (1233+ words) AT its core, Nigeria’s tax reform aims for the government to collect higher revenue without making it harder for businesses to survive, invest, and create jobs. The challenge now is to ensure that this proposition does not remain trapped in…...

Punch Newspapers
punchng.com > nigerias-real-estate-sector-faces-complex-challenges-fiabci

Nigeria’s real estate sector faces complex challenges – FIABCI

4+ hour, 15+ min ago   (307+ words) The newly inaugurated Nigeria Chapter Chairman of the International Real Estate Federation, Ayodeji Odeleye, has stated that Nigeria’s real estate sector faces complex challenges. Odeleye stated this on Thursday in Lagos during FIABCI Nigeria’s 2026 Annual General Meeting and induction of…...

Punch Newspapers
punchng.com > aiico-insurance-refutes-allegations-reaffirms-due-process-commitment

AIICO Insurance refutes allegations, reaffirms due process commitment

3+ hour, 48+ min ago   (333+ words) AIICO Insurance Plc has raised concerns over what it described as a sustained campaign of “misleading allegations” allegedly being circulated by a former agent of the company, Obinna Adolphus Nwosu. The insurer said the allegations had been directed at several…...

Punch Newspapers
punchng.com > lawma-ewu-elepe-communities-tackle-waste-crisis

LAWMA, Ewu-Elepe communities tackle waste crisis

5+ hour, 37+ min ago   (234+ words) The Lagos Waste Management Authority has engaged the host communities of the Ewu-Elepe Landfill, including residents of the Elepe and Elenuwa Communities in Ikorodu, as part of efforts to strengthen stakeholder collaboration and address concerns arising from the facility’s operations....

Punch Newspapers
punchng.com > local-capital-drives-57-ngx-surge-coronation-boss

Local capital drives 57% NGX surge – Coronation boss

5+ hour, 21+ min ago   (525+ words) Nigeria’s equities market recorded a 57 per cent return in the first seven months of 2026, driven predominantly by domestic capital rather than a resurgence in foreign portfolio investment, the Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, has said. Aig-Imoukhuede, who…...