News

The Senate on Tuesday passed a bill that seeks to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission (IRC) as part of efforts to strengthen regulation and oversight of Nigeria’s insurance sector. The bill was passed after lawmakers considered in plenary the report of the Senate Committee on Banking, Insurance and Other Financial Institutions. If it eventually …

The Nigerian Civil Aviation Authority (NCAA) has revealed that Indigenous airline, Max Air refunded N182 million to 956 passengers in the second quarter (Q2) of 2026. The NCAA acknowledged the refunds in a post on X on Tuesday, but urged the airline to resolve passenger refund claims more quickly in accordance with Section 19 of the 2023 NCAA Rules. “In …

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), conducted a bond auction yesterday, offering a total of $1.2 trillion across three reopened maturities. According to a circular obtained by the authority, the size of the offering remained unchanged from June, reinforcing the government’s high financing requirements amid persistent fiscal pressures. The issuance will be evenly split, …

Executive Deputy Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC) Aminu Maida highlighted the need for telecommunications regulators across Africa to establish a more deliberate, systematic and beneficial exchange of experiences for their organizations. Maida made this call on Tuesday at the Head of Regulators Roundtable event themed ‘Building an African Networked Intelligence Ecosystem for Evidence-Based Regulation’, …

The Presidential Aspirant of the People’s Redemption Party (PRP) in the 2027 general elections, Eng. (Dr.) Yakubu Mohammed Kingsley (YMK)), expressed concern over the various challenges facing the country as the 2027 general elections approach. According to him, Nigerian blood should not be shed because of politics. In a statement he personally signed and made available to journalists in Abuja, …

The Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, has explained that the sharp rise in the profile of Nigerian departments is largely due to the depreciation of the naira, and not necessarily due to new borrowings by the Federal Government. Oyedele made the clarification on Monday while addressing the Senate committee on finance on the state …

The just over a month-long 2026 FIFA World Cup tournament was undoubtedly the finest display of footballing artistry the world has seen in some time, and provided many financial benefits for the participating teams. FIFA, soccer’s international governing body, previously announced a record prize fund of $871 million for the 48-team tournament. It was confirmed that tournament champion Spain would …

With just two days to go before the Glasgow 2026 Commonwealth Games, Team Nigeria’s sprint contingent received another big boost when Favor Ashe claimed an impressive victory at the BFTAA Open in Lee Valley, England. The Nigerian sprinter claimed victory in the men’s 100m final, clocking 10.06 seconds with a tailwind of +2.6 m/s to finish ahead of Great Britain’s …

Africa’s richest businessman, Aliko Dangote, has reportedly closed a nearly $2.5 billion private equity placement for Dangote Petroleum Refinery & Petrochemicals FZE, in what analysts describe as a significant milestone ahead of the company’s anticipated initial public offering (IPO), which is expected to be the largest in Africa’s history. According to a Bloomberg report, the transaction involved the sale of …

FOR three consecutive years, and now into the fourth, Nigeria’s president, Alhaji Bola Ahmed Tinubu [BAT], has been busy working furiously at creating another country out of Nigeria. It is not what you may be thinking, certainly not the trending alleged plans to regionalise Nigeria in the next three months. The entity he is working on, and he is virtually …