Banks Recapitalisation : The Race Intensifies Ahead of March 2026 Deadline
By Olukemi Odoh In a bid to fortify Nigeria’s banking sector and position it for deeper financial intermediation, greater resilience, and broader economic support, the Central Bank of Nigeria (CBN) initiated a sweeping bank recapitalisation exercise that has been unfolding since 2024. This regulatory reform represents one of the most consequential overhauls of the financial […]
Micro Insurance Gains Ground as Nigeria Pushes for Financial Inclusion
Microinsurance is gaining traction in Nigeria as insurers, regulators and fintech firms expand low-cost coverage to low-income households, supporting financial inclusion, health access and economic resilience. By Olukemi Odoh Microinsurance is steadily emerging as a critical pillar of Nigeria’s drive to expand financial inclusion and protect low-income households from economic shocks, even as challenges around […]
The 2025 Insurance Industry Act: Everything You Need to Know.
NAICOM The new Insurance Industry Reform Act marks a major reset for Nigeria’s insurance sector. Stronger capital rules and governance standards aim to protect policyholders and boost confidence. Its success will depend on careful and timely implementation By Uche Vera In a move hailed by government officials and industry players as a landmark overhaul, President […]
GAS SHORTFALL THREATEN BLACKOUT.
Chief Adebayo A. Adelabu Reduced gas supply has heightened risk of electricity outages nationwide – Olukemi Odoh reports. Nigerians face the possibility of widespread power supply disruptions as gas producers begin cutting supplies to thermal power stations across the country, further weakening electricity generation already under pressure due to persistent gas constraints. The shortage of […]
2025: FG Records Revenue Shortfall in Excess of 70 percent- Edun.
Wale Edun, Finance Minister. A major revenue gap has scutlled FG’s revenue projections this. Ɓy Olukemi Odoh The Federal Government has recorded a significant revenue shortfall in the 2025 fiscal year, with actual receipts falling far below budget projections, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed. Speaking before […]
Troops Rescue Six kidnapped Worshipers in Kogi
The Army Launches Successful Operation, UnRescued Victims iting Six Kidnapped Worshipers with Their Families. Rescued Victims By Olukemi Odo Troops of the 12 Brigade of the Nigerian Army have rescued six people abducted by bandits from forests in Yagba East Local Government Area of Kogi State. The rescue operation took place in the Ejiba and […]
Tinubu to Appoint New Defence Minister After Incumbent Resigns.
Minister Badanu steps down over health concerns as President Tinubu prepares to nominate a new defence chief. Former Minister of Defence, Badaru By Uche Vera President Bola Tinubu is expected to name a new Minister of Defence this week following the resignation of the current minister, Mohammed Badaru Abubakar, who stepped down citing health reasons. […]
Northern leaders suspend mining, launch N228 billion security fund to tackle abduction surge
Northern leaders push for mining suspension, State police and a unified ₦228 billion Security Fund amid escalating abduction Northern Governors and Traditional Rulers at a Meeting Yesterday. By Olukemi Odoh Leaders of the 19 states in Northern Nigeria, alongside traditional rulers, on Monday called for an immediate six-month suspension of mining activities across the region […]
NNPC’s Banner Year: Revenue Soars to 45 Trillion Naira as Profits Jump 64%.
This year’s financial earnings mark a remarkable leap for the group since its transition to a limited Liability Company. NNPC Gceo, Bashir Bayo Ojulari By Uche Vera Abuja, Nigeria — The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a landmark financial performance for the fiscal year ended 2024, reporting an unprecedented surge in […]
Alexander De Croo Appointed UNDP Administrator.
Alexander De Croo’s appointment as UNDP Administrator comes at a critical time for global development. He has faced challenges like climate change and inequality before. His experience as Belgium’s prime minister gives him a global perspective. This signals a renewed push toward the Sustainable Development Goals. Alexader De Croo By Olukemi Odo United Nations Secretary-General António […]