The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the Commission’s revised minimum capital requirements, marking a major milestone in the ongoing recapitalisation of Nigeria’s insurance industry. The presentation
Artificial intelligence (AI) could allow developing countries to do in a decade what might otherwise take a century—provided that governments act swiftly to close the gaps in power, connectivity, skills, and institutional quality that threaten to leave them behind,
Barbara Bako, Abuja. Nigeria’s external reserves have risen above $52.5 billion, surpassing the Central Bank of Nigeria’s annual target and reaching their highest level in 17 years, the Central Bank of Nigeria (CBN) has said. The apex bank attributed
The National Insurance Commission (NAICOM) has announced the successful completion of the insurance industry’s 12 month recapitalisation exercise, with 43 insurance and reinsurance companies meeting the new minimum capital requirements prescribed under the Nigerian Insurance Industry Reform
Barbara Bako, Abuja. The World Bank has urged governments across Sub-Saharan Africa to embrace deliberate urban planning and stronger city governance to transform rapid urbanisation into a catalyst for economic growth and job creation, warning that poorly managed
Barbara Bako, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has intensified efforts to establish a West African petroleum pricing benchmark, saying the initiative will strengthen regional energy security, improve market transparency and reduce the impact
Barbara Bako, Abuja. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has disclosed that the Federal Government will soon publish a detailed account of savings from the removal of fuel and foreign exchange subsidies,
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on Wednesday urged African countries to strengthen economic reforms, deepen regional integration and invest in
A high-level fireside dialogue between the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum, taking place at
Barbara Bako, Abuja. The Federal Government has inaugurated an inter-ministerial committee to develop the 2026 Value Added Tax (VAT) Modification Order, in a move aimed at facilitating the implementation of Nigeria’s new tax laws and providing greater certainty for
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