NAICOM: NIRA 2025 Establishes Policyholders’ Protection Fund to Safeguard Consumers

NAICOM announces that 43 insurance and reinsurance companies have met new minimum capital requirements after a 12-month recapitalisation exercise.

By Oluwakemi Kindness The National Insurance Commission (NAICOM) says the Nigerian Insurance Industry Reform Act (NIRA) 2025 provides for the establishment of an Insurance Policyholders’ Protection Fund to protect policyholders when insurance companies are unable to meet their liabilities. The Head of Market Conduct and Complaints Bureau at NAICOM, Olugbenga Jayesimi, disclosed this while speaking […]

Housing Ministry to Hold Stakeholders’ Meeting in Ilorin

By Sulyman Gobir The National Council on Lands, Housing and Urban Development has been described as a critical platform for aligning federal and state policies and advancing reforms in the housing and urban development sector. This is according to the Permanent Secretary of the Federal Ministry of Housing and Urban Development, Dr. Shuaib Belgore, ahead […]

NDIC Declares ₦24.3bn Second Liquidation Dividend for Depositors

NDIC announces liquidation of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc after CBN revokes their operating licences

By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared a ₦24.3 billion second liquidation dividend for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the statutory insured limit of ₦5 million at the time the bank was closed. In a statement issued on Sunday, the Corporation said the second tranche […]

FCT Police Arrest Three Over Murder of Abuja Lawyer

By Oluwakemi Kindness   The Federal Capital Territory (FCT) Police Command has arrested three suspected members of a notorious “one-chance” armed robbery syndicate in connection with the killing of a legal practitioner, Barrister Chigbo Mediatrix, in Abuja. The arrests mark a significant breakthrough in the Command’s fight against violent crime and followed a directive by […]

AFCON 2025: Speaker Abbas Charges Super Eagles to Win Trophy

By Oluwakemi Kindness The Speaker of the House of Representatives, Abbas Tajudeen, has congratulated the Super Eagles of Nigeria for securing a place in the semi-finals of the 2025 CAF Africa Cup of Nations (AFCON) following their 2–0 victory over Algeria on Saturday. Commending the national team for their impressive and consistent performances since the […]

Obasanjo, Atiku, Jonathan, Others Call for Credible Leadership at Tambuwal’s 60th Birthday

By Anayo Akwitti Prominent Nigerian leaders across party lines on have called for credible, inclusive and accountable leadership as a foundation for strengthening Nigeria’s democracy at the 60th birthday lecture of former Sokoto State Governor and serving Senator, Aminu Waziri Tambuwal, held in Abuja. Former President Olusegun Obasanjo, who chaired the occasion on Saturday, led […]

NMSC Mourns 32 Cuban Internationalists, Condemns US Deadly Attack on Venezuela

By Chinedu Echianu   The Nigeria Movement of Solidarity With Cuba (NMSC) has expressed condolences to the Cuban government and people over the killing of 32 Cuban internationalists in Venezuela, which it attributed to the United States.   In a press statement issued in Abuja on Saturday and signed by its representative Owei Lakemfa, the […]

NCPC Chairman Urges Pilgrims to Uphold Nigeria’s Image as Second Batch Departs

By Chinedu Echianu Chairman of the Nigerian Christian Pilgrim Commission (NCPC), Rt. Rev. Prof. Monsignor Cletus Gotan, has urged intending Christian pilgrims to conduct themselves responsibly and serve as worthy ambassadors of Nigeria as the second batch of pilgrims departed for Jordan and Israel.   Monsignor Gotan gave the charge on Friday, during the airlift […]

INEC Begins Early Preparations for 2027 Elections, Reaffirms Credibility Pledge

By Anayo Akwitti The Independent National Electoral Commission (INEC) has reaffirmed its commitment to conducting free, fair, credible, transparent and inclusive elections as it intensifies early institutional preparations ahead of the 2027 General Election. INEC Chairman, Prof. Joash Amupitan, SAN, said the Commission is strengthening its leadership capacity, operational systems and internal coordination in response […]

NWFL Sanctions Ibom Angels ₦2.5m Fine, Three-Match Fan Ban

By Arinzechi Chukwunonso The Nigeria Women’s Football League (NWFL) has fined Ibom Angels FC ₦2.5 million and ordered the club to play three home matches behind closed doors following crowd violence during their Premiership clash with Bayelsa Queens in Uyo. The sanctions, announced on Thursday, January 8, 2026, followed a review of match officials’ reports […]

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