NAICOM, Abia Partner to Protect Investments
By Oluwakemi Kindness The National Insurance Commission (NAICOM) and the Abia State Government have pledged closer collaboration to strengthen risk protection for businesses, safeguard economic activities, and boost investor confidence in the state. The commitment was made during a courtesy visit by the Commissioner for Insurance, Olusegun Ayo-Omosehin, who led a high-level delegation from Nigeria’s […]
Brent Climbs Above $94 as US-Iran Conflict Escalates
By Oluwakemi Kindness Oil prices rose more than three per cent on Monday after the United States and Iran exchanged fresh strikes while negotiations to end the more-than-three-month-old Middle East war continued. Brent crude, the benchmark for two-thirds of the world’s oil, climbed 3.33 per cent to $94.15 a barrel by 12:04pm UAE time. West […]
SEDC Selects 25 Startups for Venture Capital Support
By Oluuwakemi Kindness The South East Development Commission (SEDC) has selected 25 startups for funding, mentorship, and investor access under its inaugural South East Venture Capital Program (SEVCP), aimed at driving innovation, entrepreneurship, and economic growth across the South East. The announcement followed the conclusion of the programme’s pitch competition, which attracted startups operating in […]
NSITF Reaffirms Commitment to Protecting Vulnerable Workers
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has reiterated its commitment to protecting vulnerable workers, particularly persons living with disabilities, through strengthened occupational safety and health measures across workplaces in the country. Managing Director of the Fund, Barrister Oluwaseun Faleye, stated this during a panel session at the recently concluded International Civil […]
Inflation, Low Purchasing Power Shape Sallah Markets in FCT
By Zainab Bakare As Muslims celebrate this year’s Eid Al-Adha, residents of the Federal Capital Territory (FCT) are cutting back on festive spending as inflation, stagnant incomes, and rising living costs continue to weaken purchasing power. Across major markets in Karu, Mararaba, Masaka, Kubwa, Dei-Dei, Lugbe, and Gwagwalada, traders and residents described this year’s Sallah […]
Insurers, Banks, Fintechs Unite to Deepen Insurance Coverage
By Oluwakemi Kindness Insurance operators, banks, fintech companies and regulators have agreed to strengthen collaboration aimed at driving growth, innovation and wider insurance coverage across Nigeria. The resolution was reached at the 21st Insurers Committee Meeting held in Lagos on Thursday, where stakeholders from across the financial services sector identified stronger cross-sector partnerships as key […]
SON Warns Inaccurate Measurements Threatens Trust, Economy
By Oluwakemi Kindness The Standards Organisation of Nigeria, SON, has warned that inaccurate measurements in sectors such as fuel dispensing, healthcare, food production, and manufacturing could weaken public trust and hurt Nigeria’s economic growth. Director General and Chief Executive of SON, Dr. Ifeanyi Okeke, stated this on Wednesday during the 2026 World Metrology Day celebration […]
TUC Expels 11 Members, Suspends 15 Over Alleged Disobedience
By Chinedu Echianu The Trade Union Congress of Nigeria has expelled 11 officers and members while suspending 15 others over what it described as “flagrant disobedience” to resolutions and decisions of its National Executive Council (NEC). The disciplinary actions were announced in a communiqué issued after an emergency NEC meeting held on May 18, 2026, […]
SEC Adopts T+1 Settlement Cycle from June 1, 2026
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has announced a major reform in Nigeria’s capital market, introducing a T+1 settlement cycle for equities and commodities transactions effective June 1, 2026. The move is aimed at improving market efficiency, strengthening risk management, reducing counterpart exposure, and aligning Nigeria with global capital market standards. Final […]
NSDC: Sugar Industry Can Boost Jobs, Security in Nigeria
By Oluwakmi Kindness The Executive Secretary, National Sugar Development Council (NSDC), Kamar Bakrin, says a fully developed sugar industry has the potential to reduce unemployment and improve security across Nigeria. He made this known during a strategic meeting in Abuja with the Nigeria Customs Service, led by Comptroller-General, Adewale Adeniyi. Bakrin explained that large-scale sugar […]