The National Insurance Commission (NAICOM) has transferred operational control of African Alliance Insurance Plc to a newly constituted Board of Directors nominated by the company’s shareholders. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, disclosed this in a statement issued on Tuesday in Abuja. Omosehin said the transition marks a significant…
By Olakunle oke The Minister of Power, Joseph Tegbe, has called on local and international investors to embrace sustainable financing models to accelerate the electrification of healthcare facilities across Nigeria. Tegbe made the appeal at the National Healthcare Electrification Investor Matchmaking Forum held in Lagos under the Nigeria Power for Health Initiative (NPHI), according to…
By Seun Ibiyemi The Chairman of Ikeja Local Government, Chairman AKOD, has extended warm congratulations to the Iyaloja General of Nigeria, Folashade Tinubu-Ojo, on the occasion of her birthday, commending her leadership and contributions to the growth and welfare of traders across the country. In a statement issued on Tuesday by his Chief Press Secretary,…
By Seun Ibiyemi The International Monetary Fund (IMF) has identified the rapid growth of stablecoin usage in Nigeria as an emerging channel for cross-border payments, highlighting both its benefits and potential risks to the country’s financial system. In a report released on Tuesday, the IMF said digital assets pegged to the United States dollar are…
By Seun Ibiyemi Energy expert, Nick Agule, has described the newly signed Benue State Electricity Act as a transformative development that could reshape the state’s power sector by enabling an independent electricity market and attracting private sector investment. Agule, in an analysis of the legislation, said the law gives Benue State the authority to establish…
…Moves to reassure officers The Inspector-General of Police, Olatunji Disu, has clarified that the proposed creation of state police will not lead to the abolition of the Nigeria Police Force (NPF), urging officers to remain calm amid growing national debate on the reform. Disu gave the assurance on Monday while addressing personnel of the Nigeria…
By Seun Ibiyemi Investors on the Nigerian Exchange Ltd. (NGX) lost N984 billion on Monday as widespread profit-taking, particularly in financial stocks, dragged the equities market into negative territory. The bearish sentiment saw the market capitalisation decline by 0.63 per cent, dropping from N156.969 trillion recorded on Friday to N155.985 trillion. Similarly, the benchmark All-Share…
By Seun Ibiyemi Nigeria’s natural gas production increased to 7.93 billion cubic feet per day (bcf/d) in May 2026, representing a 0.63 per cent year-on-year growth compared to the 7.88bcf/d recorded in the corresponding period of 2025. The latest production figures indicate continued resilience in the country’s gas sector, despite a marginal month-on-month decline of…
..vows Accord will remain on Osun Governorship ballot By Sodiq Adelakun Osun State Governor, Ademola Adeleke, has faulted a Federal High Court judgment deregistering five political parties, describing the ruling as an abuse of court process and a violation of a subsisting order of the Court of Appeal. In a statement issued by his spokesperson,…
By Wale Afolabi The Africa Finance Corporation (AFC) has committed a $600 million financing facility to support a $7 billion fertiliser expansion programme by Dangote Group aimed at tripling production capacity in Nigeria and establishing a major new manufacturing platform in Ethiopia. The funding, provided to Greenview Fertiliser Corp., Dangote’s fertiliser holding company, marks a…
