By Emma Ujah, Abuja Bureau Chief ABUJA — The Commissioner for Insurance, Mr Olusegun Omosehin, has warned insurance companies to strictly adhere to prudential standards and ethical conduct following the conclusion of the industry’s recapitalisation exercise. Omosehin gave the warning on Thursday at the launch of the Insurance Sector Strengthening Programme (ISSP) in Abuja. He […]

•As DISCOs meter 308,106 Nigerians in 2 months  By Ediri Ejoh The Nigerian Electricity Regulatory Commission, NERC, yesterday said the Electricity Distribution Companies, DisCos, in Nigeria delivered about 308,106 meters to their customers between May and June 2026. In its latest Metering Status of Distribution Companies Factsheet for May and June 2026, NERC said total […]

By Elizabeth Adegbesan Credit to the private sector declined month-on-month (MoM) by 15.3 percent to N33.9 trillion in July 2026 from N40.03 trillion in June 2026. The Central Bank of Nigeria, CBN, disclosed this in its Money and Credit Statistics Data for the review period. Breakdown of the data also shows that credit to government […]

By Rosemary Iwunze Pension Fund Administrators, PFAs, have pushed about N17.1 trillion from Nigerian pension monies to Federal Government, FG, securities. This amount represents 58.07 per cent of the N29.5 trillion pension industry’s Net Asset Value, NAV, in the first quarter of 2026. The National Pension Commission, PenCom, has now warned that such investments may […]

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]