Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […]
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Black Sand rush in Bayelsa sparks fears of another resource conflict

By Samuel Oyadongha A new resource frontier is emerging along the Atlantic coastline of Bayelsa State but with it come troubling echoes of the region’s oil-fuelled conflicts. The prize is “Black Sand,” a heavy mineral deposit rich in titanium and zirconium that experts say could transform the state’s economy. But with military gunboats now reportedly escorting […]

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