Author: Vanguard News

  • Insurance industry records 47.3% growth in premium to N2.3trn

    Insurance industry records 47.3% growth in premium to N2.3trn

    By Rosemary Iwunze

    The insurance industry recorded a 47.3 per cent, Year-on-Year, YoY, growth in   Gross Premium Written, GPW,   to N2.301 trillion in 2025 from N1.558 trillion recorded in 2024.

    According to the insurance industry report released by the  The National Insurance Commission, NAICOM, disclosed this in its insurance industry report released yesterday.  

    The report also showed that claims payment declined by 21.7 per cent to N724.7 billion in 2025 from N926.1billion recorded in 2024.

    The report stated: “The year 2025 saw an impressive growth in the Nigerian insurance sector, with Gross Premium Written reaching a remarkable N2.301 billion, an exceptional performance reflective of the ongoing regulatory measures aimed at fostering market deepening. This was largely influenced by the Oil & Gas business in the non-life and the growing Annuity funds in the life segments of the market, respectively.

    “Indeed, the industry’s performance during the period has recorded many folds higher compared to the national output (3.9%), underscoring its increasing relevance and structural importance in Nigeria’s financial ecosystem, a commendable progress owing to increasing public confidence in the insurance market.

    “The non-life insurance segment continued to lead the market, contributing 68.4% to the total premium pool, following its pattern in the corresponding quarter of 2024 while the Life Insurance business accounted for 31.6% during the period. Insights into the non-life category reveal the Oil & Gas business as leading portfolio, representing 30.3% of all the non-life premiums generated. Fire Insurance followed with a notable position of 20.4% share while Motor Insurance accounted for 16.1% as Miscellaneous, General Accident, Marine and Aviation businesses also contributed 11.9%, 9.5%, 8.7% and 3.2% respectively.

    “On the other hand, the Life Insurance segment was led by Annuity funds in contrast to the behaviour reported in the prior quarter, contributing about 44.3% of all premiums recorded in the business. Individual Life business also accounted for 36.2%, while Group Life 19.5% during the quarter under review.    

    “The condition of improved claims management in the industry has contributed to the growth in gross claims reported in the fourth quarter of 2025, which rose to N724.7 billion, representing about 31.5% of the gross premiums written during the period. This performance highlights a strong underwriting capacity within the market and reflects the effectiveness of insurers’ pricing strategies during the quarter. During the period, the Life Insurance section recorded a notable claims settlement ratio of 65.5%, while the non-life segment achieved a settlement rate of 75.5% of total claims reported during the period under review.”

    The post Insurance industry records 47.3% growth in premium to N2.3trn appeared first on Vanguard News.

  • EPL: Worst I’ve seen – Carrick gives verdict on Martinez’s red card against Leeds

    EPL: Worst I’ve seen – Carrick gives verdict on Martinez’s red card against Leeds

    Manchester United interim manager, Michael Carrick, has given his verdict on defender, Lisandro Martinez’s red card against Leeds United in the Premier League on Monday night.

    Carrick insisted that the red card was one of the worst refereeing decisions he had seen.

    Recall that Martinez saw red after VAR noticed a momentary hair pull on Leeds striker Dominic Calvert-Lewin in Man Utd’s 2-1 defeat at Old Trafford.

    The Argentina international now faces a three-match ban as a result of the red card.

    Speaking to Sky Sports after the game, Carrick gave his verdict on the red card, saying, “It’s not a pull, it’s not a tug, it’s not aggressive, he touches it and gets sent off. Worst of all was that he was sent to overturn it as a clear error. It’s shocking.

    “That’s two games in a row we’ve had those decisions go against us, but that one was one of the worst I’ve seen.”

    EPL: Worst I’ve seen – Carrick gives verdict on Martinez’s red card against Leeds

  • How to deal with Asthma flare-ups during April weather transition 

    How to deal with Asthma flare-ups during April weather transition 

    April in Nigeria marks an important shift in weather conditions. The weather gradually shifts from the dry, dusty harmattan season to a more humid, rain-filled period.

  • A Consensus Foretold: Ogun’s Collegiate Moment

    A Consensus Foretold: Ogun’s Collegiate Moment

    On Monday, 13 April 2026, Ogun State’s political theatre staged a scene that felt less like a contest and more like a reconciliation. At the APC Secretariat in Abeokuta, under the watchful gaze of history, Governor Dapo Abiodun declared Senator Solomon Olamilekan Adeola – Yayi – as the party’s governorship candidate.

    The announcement was not a thunderclap but a settling of dust. In attendance were all living elected governors of Ogun: Aremo Segun Osoba, Otunba Gbenga Daniel, Senator Ibikunle Amosun, and the incumbent himself, Prince Dapo Abiodun.

    Their presence lent gravitas, as though the state’s political lineage had gathered to hand forward the baton. Party elders, senators, and aspirants filled the hall, their faces registering not shock but recognition.

    Governor Abiodun’s words were measured, almost conciliatory: “I have consulted with other aspirants from Ogun West. This decision is aimed at harmonising the party, devoid of anti‑party acrimony, as we prepare towards the 2027 general election.”

    It was a riposte to the murmurs of rivalry, a reminder that consensus is not exclusion but preservation.

    Consensus in Nigerian politics is paradoxical. It appears undemocratic – a decision made by elders rather than delegates – yet it often produces outcomes that resonate with popular sentiment. Ogun’s collegiate arrangement embodies this paradox. It tempers ambition with consultation, insisting that unity is preferable to fracture.

    The presence of Osoba, Daniel, Amosun, and Abiodun together was symbolic: men who once contested fiercely now stood shoulder to shoulder, endorsing a successor. In a polity often defined by rivalry, such unanimity is rare. The collegiate system, far from silencing ambition, reframed it as collective sacrifice.

    Adeola’s trajectory explains the consensus. His career, from Lagos politics to representing Ogun West in the Senate, is a scroll of deeds: legislative advocacy, infrastructural push, empowerment initiatives. These are not abstractions but footprints – evidence of a man who has walked with his people. In literary terms, his record is a palimpsest, inscribed with the aspirations of those who see in him a mirror of their own striving. The collegiate arrangement did not conjure him; it merely gave form to what was already present: the chorus of Ogun’s citizens, who had sung his name in rallies and whispered it in markets.

    Consensus politics has a long lineage in Nigeria. In the Second Republic, parties often sought to avoid bruising primaries by rallying around a single candidate. The leading parties, National Party of Nigeria (NPN) and the Unity Party of Nigeria (UPN), for instance, used consensus to balance regional interests, ensuring that ambition did not fracture the party’s fragile coalition.

    Closer to home, Chief Obafemi Awolowo embodied the Yoruba tradition of collegiate leadership. In the Action Group of the First Republic, Awolowo’s emergence was not merely the product of personal ambition but of collective recognition. Elders and party stalwarts rallied around him, believing his vision for free education and social welfare was the embodiment of Yoruba aspirations. His leadership was framed as destiny, not imposition – a consensus that gave the West stability in turbulent times.

    Consensus is not alien to Yoruba political culture. In traditional councils, elders often mediate disputes, urging rivals to sheathe swords for the sake of communal harmony. The Yoruba proverb – Agba kii wa loja, ki ori omo tuntun wo (“Where elders are present, a child’s head will not go askew”) – captures this ethos. The Abeokuta meeting echoed this tradition. Elders and governors gathered, not to impose but to harmonise, ensuring that Ogun’s political head would not go askew. Adeola’s emergence was thus not only a party decision but a cultural affirmation: the elders had spoken, and the people’s chorus had been validated.

    Consensus is hollow if it does not resonate with the people. But here, the declaration crystallised popular will. Adeola’s accessibility, his responsiveness, his rootedness in Ogun West – these have made him shorthand for representation. Governor Abiodun’s announcement was less imposition than recognition. The people’s chorus had already chosen; the party merely formalised it.

    Yet consensus requires sacrifice. Other aspirants – men and women of ambition – must now confront the reality that the party has spoken. To resist is natural; to fracture is tempting. But the higher call is to unity. To sheathe the sword is not to admit defeat but to embrace destiny. It is to recognise that politics is not merely about personal ambition but about collective progress. In Ogun’s grand narrative, Adeola’s emergence is not the diminishment of others but the elevation of the state’s future.

    The irony is palpable: a collegiate system, seemingly elitist, ratifies what many in Ogun’s grassroots already believed – that Yayi’s time had come. The paradox is instructive. Politics here is not about the arithmetic of delegates alone; it is about the whisper of destiny aligning with collective will. Ogun has chosen to harmonise ambition with destiny, to turn rivalry into chorus, to make of politics not a battlefield but a covenant. It’s after all a state of many firsts.

    As the sun set on April 13, the declaration reverberated beyond Abeokuta. Ogun became the first state and APC the first party to deliver on a candidate for the 2027 general election. It spoke to a future where Ogun’s politics is not defined by endless strife but by purposeful unity. Consensus foretold has become consensus fulfilled. The swords are to be sheathed, the banners raised, and the march begun. In the presence of all living governors, Ogun APC chose unity over rivalry, and in Adeola, found a candidate whose record and resonance made him the people’s choice.

    -Somorin, former Chief Press Secretary to Gov. Abiodun, writes from Abeokuta

    A Consensus Foretold: Ogun’s Collegiate Moment is first published on The Whistler Newspaper

  • ‘Opportunistic, inconsistent politician’  —  Onanuga fires Obi over hint about ADC exit

    ‘Opportunistic, inconsistent politician’  —  Onanuga fires Obi over hint about ADC exit

    Presidential spokesperson Bayo Onanuga has launched a stinging attack on former Labour Party presidential candidate Peter Obi, describing him as the most opportunistic and inconsistent politician in Nigeria’s history.

    Onanuga’s comment came after Obi hinted in a television interview that he could leave the African Democratic Congress if the party’s internal processes were compromised.

    Reacting on X after Obi’s appearance on Arise Television’s Prime Time on Monday, Onanuga wrote: “Peter Obi, the peripatetic, opportunistic and inconsistent politician ever to operate in Nigeria hints that he may leave the ADC, the way he left APGA, PDP and Labour. Listen to him.”

    In the interview that triggered Onanuga’s reaction, Obi defended his history of party defections, arguing that each exit was driven by principle rather than opportunism, and made clear he was prepared to move again if necessary.

    “I don’t have long time in politics, if I have to move twenty times, I will do it. I cannot be talking about change, I cannot be talking about something new, you cannot use the process of yesterday to build tomorrow,” he said.

    Obi attributed his departure from the Labour Party to deliberate sabotage by those who wanted him trapped in a crisis-ridden party.

    “They put fire in the house and they were shocked that I was able to escape, they thought I would be there for the fire to burn me. When I now escape they will now say Peter Obi cannot stay to put out the fire which they put,” he said.

    On his current ADC membership, Obi acknowledged that some of those he had left behind in other parties were now his colleagues in the ADC, adding that their present conduct is what matters to him.

    “What is important is not what people were yesterday, it’s what they are today. I am in ADC with the same people, and I can tell you, some of whom I left in PDP and other parties but we are going through the same process, if that process is again compromised, I will speak out,” he said.

    Obi stressed that integrity in political processes is non-negotiable for him, noting, “If I have to move twenty times, I will do it. You cannot use the process of yesterday to build tomorrow.

    The post ‘Opportunistic, inconsistent politician’  —  Onanuga fires Obi over hint about ADC exit appeared first on Vanguard News.

  • EPL: Why Chelsea won’t qualify for Champions League – Neville

    EPL: Why Chelsea won’t qualify for Champions League – Neville

    Manchester United legend, Gary Neville, has given a reason Chelsea won’t qualify for the UEFA Champions League next season.

    Chelsea suffered a blow in their quest to finish in the Premier League top five after losing 3-0 against Manchester City at the weekend.

    Goals from Nico O’Reilly, Marc Guehi and Jeremy Doku gave Pep Guardiola’s side the victory against Chelsea at Stamford Bridge.

    The defeat means Chelsea are now in sixth position with 48 points from 32 games.

    Liam Rosenior’s side are four points behind fifth-placed Liverpool on the log.

    “It feels to me now that Chelsea will miss out on Champions League football,” Neville said on Sky Sports.

    “I think Chelsea is going to miss out because of what has happened over the last few weeks.”

    Chelsea will now face Manchester United in the Premier League in their next game this coming weekend.

    EPL: Why Chelsea won’t qualify for Champions League – Neville

  • UCL quarter-final: Real Madrid, Arsenal, others in tough battle for semi-final spots

    UCL quarter-final: Real Madrid, Arsenal, others in tough battle for semi-final spots

    The stage is set for the UEFA Champions League (UCL) quarter-final second-leg fixtures.

    DAILY POST reports that the second leg fixtures, which will take place on Tuesday and Wednesday, will be the last fight for the eight teams as only four will progress to the Champions League semi-final stage after the conclusion of the matches.

    The first leg fixtures were played last week.

    There are currently 8 teams – Bayern Munich, Liverpool, Sporting, Barcelona, Paris Saint-Germain, Real Madrid, Arsenal, and Atletico Madrid in the Champions League last-8 stage.

    Here are the fixtures for the Champions League last-16 second leg games:

    Tuesday:

    Atletico Madrid vs Barcelona – This game will take place at Riyadh Air Metropolitano at 8 pm. Diego Simeone’s side won the first leg 2-0 at Camp Nou last week. The Blaugrana will have to put in a strong performance away to come out with a good result against Atletico.

    Chelsea vs PSG – This match will take place at Stamford Bridge at 9 pm. The Blues lost 5-2 against PSG in the first leg in Paris last week. The Premier League west London club will need to score at least four goals and concede nothing against the Parisians in a bid to progress to the next stage of the competition.

    Liverpool vs PSG – This fixture will take place at Anfield. The Premier League champions lost the first leg 2-0 in Paris last week. The Reds will need to put in an outstanding performance to get revenge against the reigning Champions League holders in front of the Anfield supporters. Arne Slot’s side needs to win at least 3-0 to advance to the next stage of the competition.

    Wednesday:

    Bayern Munich vs Real Madrid – This game will take place at the Allianz Arena. The Bundesliga giants won 2-1 against Real Madrid at the Santiago Bernabeu last week. This encounter is quite still open, but Vincent Kompany’s side has a slim advantage playing at home in front of their supporters, having won the Los Blancos in the first leg in Spain.

    Arsenal vs Sporting – This match will take place at Emirates Stadium. The first leg ended in a 1-0 win in favour of the Premier League leaders last week in Portugal. Just like Bayern Munich having a slim advantage over Real Madrid, this match, Arsenal also has a slim advantage playing in front of their home supporters, having won Sporting in the first leg at Estádio José Alvalade.

    Speaking with DAILY POST about the Champions League quarter-final second leg fixtures, Eagle Stars FC coach, Isma’il Musa, offered his opinion on the matches.

    Musa said, “The second leg is every team’s final opportunity to leave everything on the pitch in pursuit of qualification for the next round.

    “Obviously, Barcelona and Sporting, even Liverpool and Real Madrid, who lost their first leg matches, will face far greater pressure than teams like Bayern Munich, PSG and Arsenal, who won, because if they lose in the return fixtures, it means they will certainly get eliminated from the competition.

    “I believe the team that will make fewer mistakes will end up winning. I just PSG, Arsenal, Bayern Munich and Atletico Madrid have the advantage to qualify for the semi-final after they won their first games.

    “So, it will be an interesting quarter-final second leg fixtures, and hopefully we may see come-backs,” he said.

    UCL quarter-final: Real Madrid, Arsenal, others in tough battle for semi-final spots

  • Recapitalisation Sparks N3.03tn Windfall For Bank Investors

    Recapitalisation Sparks N3.03tn Windfall For Bank Investors

    …Experts Link Gain To Stronger Monetary Policy Transmission

    Shareholders of five tier-one banks listed on the Nigerian Exchange Limited (NGX) recorded a combined gain of N3.03tn in the first quarter of 2026, as a wave of recapitalisation, rising interest rates, and improved investor sentiment drove a strong rally in banking stocks.

    The surge coincided with the recapitalisation deadline set by the Central Bank of Nigeria, which has significantly reshaped the financial sector by strengthening capital bases and boosting investor confidence.

    Market analysts say the combined effect of policy reforms and favourable macroeconomic conditions positioned the banking sector as a major driver of the equities market’s performance during the period.

    Data from the NGX tracked by THE WHISTLER showed that the benchmark All-Share Index (ASI) rose by 29.35 per cent year-to-date, climbing from 155,613.03 points at the start of January to 201,287.78 points by the end of March its highest level on record. Similarly, total market capitalisation increased from N99.38trn to N129.21trn, representing a gain of N29.83trn within three months.

    The banking index also recorded a strong performance, appreciating by 23 per cent to close at 1,860.75 points, up from 1,515.85 points at the beginning of the year.

    The rally reflects sustained investor interest in financial stocks, widely viewed as a hedge against inflation and a beneficiary of rising interest rate environments.

    An analysis of five leading banks -Zenith Bank Plc, Guaranty Trust Holding Company Plc, Access Holdings Plc, United Bank for Africa Plc, and FBN Holdings Plc, shows that all recorded significant gains in share prices and market capitalisation during the quarter under review.

    Zenith Bank Plc led the rally, with its share price rising by 55 per cent from N61.80 to N95.80, pushing its market capitalisation up by N1.396trn to N3.93trn. The stock witnessed strong buying interest throughout the quarter.

    Shares of Guaranty Trust Holding Company Plc also posted robust gains, rising by 24.60 per cent from N90.70 to N112.65 per share. This translated into an increase of N813bn in market capitalisation, which closed at N4.117trn.

    Access Holdings Plc recorded a 23.15 per cent increase in share price, climbing from N21.00 to N25.85. Its market capitalisation rose by N259bn to N1.378trn, supported by sustained investor demand.

    Similarly, United Bank for Africa Plc saw its share price advance from N41.65 to N46.65, lifting its market capitalisation by N342bn to N2.05trn. The bank’s pan-African footprint continues to attract investor confidence.

    FBN Holdings Plc recorded a more moderate but notable gain, with its share price increasing by 10.82 per cent. Its market capitalisation rose by N217bn to close at N2.22trn.

    Industry data indicate that the broader recapitalisation exercise attracted approximately N4.61trn into the banking sector through rights issues, public offerings, private placements, and mergers.

    The Governor of the Central Bank of Nigeria, Olayemi Cardoso, had stated that about 33 banks have successfully met the new capital requirements ahead of the deadline.

    However, three lenders, Polaris Bank, Keystone Bank, and Union Bank of Nigeria Plc, remain under regulatory review due to structural and legal challenges. The CBN has assured that depositors’ funds in these institutions remain secure under close supervisory oversight.

    Economic analysts attribute the sector’s strong performance not only to recapitalisation but also to the prevailing high-interest-rate environment. Higher rates typically improve banks’ earnings by widening the margin between interest paid on deposits and returns on investments.

    Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf, described the recapitalisation exercise as one of the most impactful in recent history, expressing confidence that it would conclude without the disruptions seen in previous exercises.

    Similarly, Managing Director of Crane Securities Limited, Mike Eze, in an exclusive chat with THE WHISTLER noted that rising interest rates have significantly boosted bank profitability. According to him, banks benefit from increased yields on their large cash holdings, with higher rates directly translating into stronger earnings.

    Market observers say the combined effect of stronger capital buffers, improved earnings outlook, and favourable macroeconomic conditions has positioned the banking sector for sustained growth. They add that the sector is likely to remain a key driver of market performance in the near term, as investors continue to seek opportunities in fundamentally strong and well-capitalised financial institutions.

    Recapitalisation Sparks N3.03tn Windfall For Bank Investors is first published on The Whistler Newspaper

  • Why I am in Nasarawa governorship race — Ex IGP Adamu

    Why I am in Nasarawa governorship race — Ex IGP Adamu

    Former Inspector General of Police, Mohammed Abubakar Adamu, is an aspirant for the governorship seat of Nasarawa State in the forthcoming election. He speaks to a select team of journalists on his ambition for the state, the state of insecurity as well as the infrastructure and urban renewal plans if elected governor. General Editor, Polices, […]

  • Nigerian stock market gains N443bn to begin week on positive note

    Nigerian stock market gains N443bn to begin week on positive note

    The Nigerian equities market opened the week on a positive note, with investors recording a gain of N443 billion amid renewed buying interest across major stocks.

    Market capitalization rose by 0.34 percent, increasing from N131.165 trillion at the start of trading to N131.608 trillion at the close of the session. Similarly, the All-Share Index advanced by 688.43 points, or 0.34 percent, to settle at 204,458.86 from 203,770.43 recorded previously.

    Market breadth closed in positive territory, with 32 gainers outweighing 24 losers, while the year-to-date return improved to 31.39 per cent.

    On the gainers’ chart, NGX Group led with a 10 percent increase to close at N153.45 per share.

    Trans-Nationwide Express followed with a 9.81 per cent gain to N4.14, while MC Nichols rose by 9.74 per cent to N7.10. VFD Group and CHAMS also recorded gains of 9.71 percent and 8.96 percent, respectively.
    Conversely, Berger Paints topped the losers’ table with a 9.95 percent decline to N68.35 per share.

    Academy Press fell by 9.71 per cent to N7.90, while Caverton Offshore Support Group dropped by 5.98 per cent to N5.50. Honeywell Flour and CAP also recorded losses of 4.92 percent and 3.81 percent, respectively.
    Despite the bullish performance, trading activity declined as total volume traded dropped by 14.33 percent to 470.01 million shares valued at N32.45 billion, executed in 60,793 deals.

    Access Corporation led the volume chart with 54.91 million shares, accounting for 11.68 percent of total traded volume. Meanwhile, Aradel Holdings dominated the value chart with transactions worth N7.05 billion, representing 21.74 percent of the total value traded.

    Nigerian stock market gains N443bn to begin week on positive note