Business

Ogun Police Disown Viral Armed Men Video Circulating Online

Published

3 months ago

April 26, 2026

Preport

The Ogun State Police Command on Sunday refuted a viral video circulating on social media, which purportedly shows armed men operating within a forest in Ogun State, describing it as false, misleading, and not originating from the state or anywhere in Nigeria.

In a statement, the Command said preliminary investigations and credible fact-checks revealed that the footage actually originated from Kenya, where it was recorded during an operation against cattle rustlers involving a General Service Unit (GSU) drone. It added that the video, which shows individuals cooking in a bush setting, was first uploaded in 2022 and has now been recirculated with a false narrative aimed at causing panic and misinformation.

The Commissioner of Police, Ogun State Command, CP Bode Ojajuni, strongly condemned the spread of the video, warning that such unverified content is capable of causing unnecessary fear and undermining public confidence in security agencies. He stressed that there is no intelligence or operational report indicating the presence of such criminal activity in any part of Ogun State.

Ojajuni assured residents that the Command remains committed to safeguarding lives and property through intelligence-led policing, strategic deployments, and sustained security operations across the state.

He urged members of the public to disregard the viral video and refrain from sharing unverified information capable of inciting panic or disturbing public peace, adding that citizens should rely only on official channels for credible security updates.

The Commissioner also called on residents to remain law-abiding and continue supporting the police with timely and credible information, warning that the spread of fake or inciting content would not be tolerated.

Residents are encouraged to report suspicious activities through the Ogun State Police Command emergency lines: Gateway Shield (Toll-Free): 0800 000 9111 and Emergency Lines: 0906 283 7609, 0912 014 1706, 0915 102 7369, 0708 497 2994.

Related Topics:Ogun Police Disown Viral Armed Men Video Circulating Online police

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FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

Published

2 hours ago

August 3, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM), on Monday said only eight insurance companies are yet to be verified by the commission.

The commission disclosed this today while releasing the 43 insurance firms that met the new minimum capital requirements set up by NIIRA

According to NAICOM “The eight insurance companies submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review.

This, the commission said would be concluded within fourteen days.

Insurance companies not listed among the 43 verified firms include those currently undergoing final regulatory review, as well as unverified operators at risk of liquidation—such as NICON Insurance Plc; Goldlink Insurance Plc Nigerian Reinsurance; Nigerian Agricultural Insurance Corporation ; Royal Exchange Prudential Life Plc; Tangerine Life Insurance Limited; Sovereign Trust Insurance Plc; African Alliance Insurance Plc; Guinea Insurance Plc; Regency Alliance Insurance Plc; Staco Insurance Plc; Alliance & General Insurance; Universal Insurance Plc; emPle General Insurance Company Nigeria Limited and emPle Life Assurance Limited.

NAICOM had announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria.

The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

The post FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators appeared first on Business Today NG.

Business

HBM Nigeria, United Capital, Wema Bank top stock pick this week

Published

10 hours ago

August 3, 2026

Preport

Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.

This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.

This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

HBM Nigeria

HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.

United Capital

United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.

Wema Bank

Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.