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 […]

By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to building an efficient, transparent and globally competitive maritime administration through sustained reforms and stronger stakeholder collaboration. Director-General of NIMASA, Dr. Dayo Mobereola, gave the assurance while receiving the leadership of the Alumni Association of the Maritime Academy of Nigeria (AMANO) […]

By Cynthia Alo The Nigeria Deposit Insurance Corporation (NDIC) and the House of Representatives Committee on Insurance and Actuarial Matters have intensified efforts to strengthen Nigeria’s financial safety net following the completion of the banking sector recapitalisation exercise. The move came as more than 60 members of the House Committee met with NDIC officials in […]

By Obas Esiedesa The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) over what it described as grave financial, operational and regulatory failures, appointing the utility’s Managing Director/Chief Executive Officer, Dr. Abubakar Umar Hashidu, as administrator for an initial six-month period. The intervention, contained in Order No. NERC/2026/086, took […]

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 […]