News

Claims hit $6.05 billion at Sovereign Trust Insurance amid expansion push

Sovereign Trust Insurance Plc has reported a sharp increase in claims payments for the 2025 financial year, disbursing N6.05 billion to policyholders, a significant increase from N4.2 billion in 2024. This highlights increased use of insurance and growing exposure to risk across the country. The company’s new CEO/CEO, Lucas Durojaiye, said the performance reflects strong customer confidence as the company …

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Tinubu sent security chiefs to Maiduguri after the terror attack

President Bola Tinubu has directed security chiefs to move to Maiduguri to take charge of the security situation following Monday’s attack in Borno State. Tinubu, in a statement issued on Tuesday by Special Adviser on Information and Strategy, Bayo Onanuga, said the directive was part of immediate steps to strengthen coordination and intensify ongoing operations against terrorist elements threatening peace …

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NGX: Equity market bullish move continues as investors rake in N696 billion

Investors in the Nigerian equity market gained N696 billion in early trading on Tuesday. This follows a surge in the prices of shares such as Bua Cement, Premier Paints and Zenith Bank, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 202,559.41 points from 201,474.89 points recorded on the previous trading day. After five …

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Frank criticizes Tinubu’s trip to UK, berates Britain…

[Press Release] Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Tuesday slammed President Bola Ahmed Tinubu, describing the President’s planned state visit to the United Kingdom in the wake of the fresh attacks in Maiduguri, as “callous, indefensible and morally bankrupt”. In a detailed statement on Tuesday, Frank said the coordinated explosions that …

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Babcock presents ₦10 million hackathon and opens tech week to wider participation

Babcock University has announced a ₦10 million hackathon as the highlight of its second Babcock Tech Week (BTW), scheduled for March 22-28, 2026. The week-long event, themed “Tethered — Connected Across Disciplines,” is organized by the Babcock University Computer Club in collaboration with the Finance Students Association, the Google Developer Groups on Campus, Babcock, and the Institute of Electrical and …

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Wike-backed PDP elects new executive committee in Lagos

A faction of the Peoples Democratic Party (PDP) backed by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Tuesday elected Mr Muka Popoola as chairman of the party in Lagos State. Popoola and 38 others emerged by consensus at the State Electoral Congress held in Ikeja. The selection of committee members is confirmed through a vote by …

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Debunking General Williams’ calls for changes in Nigeria’s security leadership

While discussing the security situation in Nigeria, General Ishola Williams called for a reassessment of the current security leadership, specifically targeting the qualifications of National Security Advisor (NSA) Nuhu Ribadu. While it is essential to engage in constructive criticism of security strategies, Williams’ statements appear to stem from a misunderstanding of the complexities inherent in national security. His criticism, rather …

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Nigerians want results, not statements, says Atiku on Maiduguri blast – THIS UPDATE

By Ayo Kehinde Former Vice President, Atiku Abubakar, has criticized President Bola Tinubu for his handling of Monday’s deadly blast in Maiduguri, Borno State, which killed 23 people and injured 108 others. President Tinubu, in a statement on Tuesday, condemned the attack and ordered the immediate deployment of all service chiefs to the Borno State capital to strengthen security operations …

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