NAICOM revokes Universal Insurance’s licence, appoints receiver
By Innocent Anaba The National Insurance Commission (NAICOM) has revoked the license of Universal Insurance Plc and appointed a receiver/provisional liquidator to commence the process of winding up the company’s affairs. The cancellation, which took effect on August 14, 2026, followed the company’s alleged failure to meet the prescribed Minimum Capital Requirement (MCR) applicable to its […]
Nigerian firm eyes €4bn payout from defaulting Australian companies
For allegedly dumping their part of a partnership deal to establish a polymer currency printing plant in Nigeria, the Reserve Bank of Australia and two other firms, Securency Private Limited and Innovia Films Limited, all based in Australia, may pay damages of up to four billion Euros (€4bn) to a Nigerian firm.
From boom to gloom or doom –The Story of Oil (1)
Crude oil has always been slippery stuff – good when under control; destructive when out of control. Crude oil is about to destroy the Nigerian economy faster then Boko Haram or even Ebola.
American investors to spend $106m on 50MW solar plant
Global Business Resources, U.S.A, a consortium of international investors are in Nigeria for a follow-up discussions with government officials for the realisation of two 50MW solar-powered plants in Kumbotso, Kano State and Karu, in Abuja, F.C.T.
Container housing offers cheaper, faster option for mass housing — Tempohousing Nigeria
Tempohousing Nigeria (THN) specialises in the manufacture and design of flexible and affordable homes using standard ISO shipping containers.
Building guild calls for quality among block makers
The Building Collapse Prevention Guild (BCPG) has called on block makers and other professionals in the sector to ensure quality in block and concrete business.
