New Law Imposes Heavy Penalties on Insurers for Delayed Claims Payments
Insurance companies in Nigeria now face tougher sanctions for delaying the settlement of claims beyond 60 days after notification, following...
NISO Seeks Balance Between State Tariff Changes and National Grid Stability
The Nigerian Independent System Operator (NISO) has reaffirmed its commitment to harmonising state-level electricity tariff adjustments with the operational stability...
FG Inaugurates 2,000-Litre Milk Collection Centre in Bauchi
The Federal Ministry of Livestock Development has inaugurated a Milk Collection Centre with a daily capacity of 2,000 litres at...
Yen Surges on Bessent’s Interest Rate Hike Prediction for Japan
The yen recorded its sharpest gain in nearly two weeks on Thursday after US Treasury Secretary Scott Bessent predicted that...
Nigeria’s Oil Output Rises to 1.546m bpd in July, Retains Africa’s Top Producer Spot — OPEC
Nigeria’s crude oil production rose to 1.546 million barrels per day (bpd) in July 2025, up from 1.505 million bpd...
FG Pledges Full Operation of Baro River Port, Tackles Infrastructure Gaps
The Federal Government has reaffirmed its commitment to ensuring the full operation of the Baro River Port in Niger State,...
FG Pledges Steady Gas Supply to Togo, Benin, and Ghana to Tackle Energy Poverty
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, gave the assurance on Tuesday in Abuja during a meeting with...
Petrol Price Set to Drop Below N900 as Dangote Refinery Cuts Ex-Depot Rate
The pump price of petrol in Nigeria is projected to fall below N900 per litre following Dangote Petroleum Refinery’s decision...
NIMC Targets 30% Boost in Service Delivery with New Service Charter
The National Identity Management Commission (NIMC) has set a goal to improve service delivery by 30 per cent over the...
NAICOM Sets Up 2025 Recapitalisation Committee to Drive Insurance Sector Reform
The National Insurance Commission (NAICOM) has inaugurated the 2025 Recapitalisation Committee, marking a major step towards overhauling Nigeria’s insurance industry...
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