Edun Urges More Funding for Developing Economies Facing Global Squeeze
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for expanded access to affordable financing for developing countries, stressing that global support must match the scale of current economic challenges. Edun made the call at the Intergovernmental Group of Twenty-Four (G24) news conference, held on the sidelines […]
Nigeria Can Dominate Africa’s Blue Economy – Dantsoho
By Oluwakemi Kindness The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, says Nigeria has the capacity to dominate Africa’s blue economy if ongoing reforms in the maritime sector are sustained. Speaking at the Blue Economy Investment Summit in Abuja on Wwdnesday, Dantsoho attributed the transformation in the sector to reforms introduced by the […]
NDIC Moves to Conclude Liquidation of 89 Microfinance, Mortgage Banks
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation has commenced the process of concluding the liquidation of 89 closed microfinance banks and primary mortgage banks following their acquisition by new owners. In a statement on Wednesday, the Corporation says the move comes after the successful execution of the Purchase and Assumption (P&A) model, under which […]
Nigeria’s Debt Climbs to ₦159.28trn in 2025 — DMO
By Arinzechi Chukwunonso Nigeria’s total public debt rose to ₦159.28 trillion as of December 31, 2025, marking a steady increase driven largely by domestic borrowing, according to the Debt Management Office. The latest figures show a quarter-on-quarter rise of ₦5.98 trillion, or 3.9 per cent, from ₦153.29 trillion recorded at the end of September 2025. […]
VP Shettima, Akabueze Slams Budget Process Over unclear Laws
By Oluwakemi Kindness The Vice President, Kashim Shettima, and former Director-General of the Budget Office, Ben Akabueze, have called for urgent reforms to Nigeria’s budgeting system, warning that weak structures and poor implementation are undermining national development. They spoke at a two-day National Policy Dialogue organised by the National Assembly Joint Committee on National Planning […]
Nigeria’s Insurance Sector Hits ₦2.3trn Premiums, Assets Surge to ₦4.79trn
By Oluwakemi Kindness Nigeria’s insurance industry recorded a Gross Premium Written (GPW) of ₦2.3 trillion in the fourth quarter of 2025, highlighting strong growth in the sector. Data from the Research and Statistics Department of the National Insurance Commission (NAICOM), Abuja, showed that the industry posted a 47.3% year-on-year growth and about 36% quarter-on-quarter increase. […]
ECOWAS Brown Card Scheme Vital for Regional Mobility, Motorist Protection-NAICOM
By Oluwakemi Kindness The Commissioner for Insurance, National Insurance Commission, NAICOM, Olusegun Ayo-Omosehin, has described the ECOWAS Brown Card Scheme as a critical instrument for regional mobility, financial protection, and compensation for road accident victims across West Africa. Speaking on Tuesday at the 1st ECOWAS Brown Card Scheme Zonal Meeting in Lagos, Omosehin said the […]
NAICOM Reaffirms Commitment to Staff Welfare, Transparency
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has reaffirmed its commitment to upholding high labour standards, prioritising staff welfare, and strengthening institutional stability, noting that a motivated workforce remains key to its effectiveness. In a statement issued on Monday, the Commission said it has sustained deliberate reforms since the current leadership assumed office, focusing […]
TUC Proposes Crude Subsidy for Dangote Refinery to Cut Fuel Prices
By Chinedu Echianu The Trade Union Congress (TUC) has urged the Federal Government to introduce targeted subsidy on crude oil supplied to the Dangote Refinery and other local refineries as an immediate measure to reduce the soaring cost of petroleum products in Nigeria. The union said the proposal involves using at least 60 percent of […]
NSIA Targets 2026 Rollout of Health, Data, Energy Projects
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has outlined key projects scheduled for delivery in 2026 across healthcare, digital infrastructure and renewable energy, even as it recorded a ₦322.4 billion unrealized foreign exchange loss in 2025. Details from the Authority’s 2025 financial report show that several major initiatives are expected to come onstream […]