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 […]
IWD:Energy firms charged on appointing women to top positions
By Sebastine Obasi The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has called on Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector commemorates International Women’s Day (IWD) 2026. Audrey made this call as part of the global celebration of […]
Shippers Council intervenes as freight forwarders picket firm over tariff hike
By Godwin Oritse The Executive Secretary/Chief Executive Officer of the Nigerian Shippers Council, Akutah Pius, has urged freight forwarders to adopt dialogue as a constructive approach to resolving disputes, cautioning against industrial actions that could disrupt the nation’s economy. He made the appeal in response to the picketing of the offices of Mediterranean Shipping Company, MSC, […]
Middle East: Nigeria records highest fuel price hike globally—REPORT
By Yinka Kolawole, With agency report Nigeria recorded the sharpest increase in the pump price of petrol worldwide at the backdrop of the war in the Middle East, an analysis of Global Petrol Prices has revealed. The breakdown according to TheCable shows that Nigeria recorded a 39.5 percent increase in pump prices between February 23 and March 16, […]
Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025
…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]
Interest rates on bank loans rising — says 42% Nigerians
By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months. This formed the key highlight of the apex bank’s Consumer Expectation Survey report for February 2026. The respondents made this remark when asked how the […]
