Insurance recapitalisation:  Oyedele queries NAICOM over processing fee, payment into escrow account

By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has queried the National Insurance Commission (NAICOM) over its imposition of a 1% Capital Injection Fee, alongside verification fees to be paid by insurance companies in the ongoing sector recapitalization exercise. The query followed a petition by NICON […]
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Low import bill pushes Nigeria’s trade surplus to $3.46b

By Elizabeth Adegbesan Driven by an 18.7 percent decline in import bill, Nigeria’s trade surplus rose by 32.06 percent month-on-month (MoM) to $3.46 billion in April 2026 from $2.62 billion in March 2026. The Central Bank of Nigeria, CBN, disclosed this yesterday in its April 2026 Economic Report. CBN said: “The goods account recorded a […]

Abia deploys app to track high-risk pregnancies

— State ranks first in healthcare affordability, says government By Steve Oko UMUAHIA — The Abia State Government has deployed a locally developed digital application, CyTracker, to identify and monitor high-risk pregnancies as part of efforts to reduce maternal and infant mortality in the state. The Commissioner for Information, Prince Okey Kanu, disclosed this while […]

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