Muhummad Musa

NAICOM Hikes Microinsurance Capital to N3bn

Twenty Insurers Face Verification in High-Stakes Capital Race

The National Insurance Commission (NAICOM) has commenced the rigorous verification of 20 insurance companies as the industry races toward a July 30, 2026, recapitalisation deadline. To ensure the process remains beyond reproach, the regulator has hired “Big Four” global firms, PricewaterhouseCoopers, KPMG, Deloitte, and Ernst & Young, to audit the financial standing of these firms….

Read More
Naira Skids to N1,398 Against Dollar

Naira Holds Steady at N1,399 

The Nigerian Naira maintained a stable trajectory against the US Dollar during early trading on Wednesday, March 11, 2026. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel channels show the local currency has successfully resisted pressure from corporate demand. The Naira opened the day at ₦1,397.00 and, by mid-morning, was quoted at approximately…

Read More
Tinubu Signs Kampala Convention to Protect IDPs

Tinubu Signs Kampala Convention to Protect IDPs

President Bola Tinubu has signed the African Union Convention for the Protection and Assistance of Internally Displaced Persons (IDPs) into law. This landmark legislation, often referred to as the Kampala Convention, formally integrates the 2009 regional treaty into Nigeria’s domestic legal framework. The move aims to address the systemic failures in managing the nation’s displacement…

Read More
Nairobi Drowns in Deadly Deluge, Leaves 23 Dead

Nairobi Drowns in Deadly Deluge, Leaves 23 Dead

At least 23 people are dead after flash floods tore through Nairobi on Friday night, transforming the Kenyan capital’s thoroughfares into lethal waterways. Police and Kenya Red Cross teams spent Saturday retrieving bodies from submerged vehicles and collapsed structures across both informal settlements and affluent districts like Parklands. The Nairobi River burst its banks following…

Read More
OPL 245 Settlement to Inject 150,000bpd into National Output

OPL 245 Settlement to Inject 150,000bpd into National Output

The 15-year legal stalemate over Oil Prospecting Lease (OPL) 245 has finally ended, clearing the way for a massive deepwater expansion. Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, confirmed on Saturday that a historic settlement between the Federal Government, Eni, and Nigerian Agip Exploration (NAEL) will now trigger the Zabazaba-Etan project. This development…

Read More
FG Signs Agreements For Eight Major Road Projects

Infrastrcuture: FG Condemns Carter Bridge, Approves Six Federal Roads

The Federal Government will demolish and replace Lagos’s iconic Carter Bridge after technical audits confirmed the structure is beyond repair. The Federal Executive Council (FEC) approved the decision on Wednesday as part of a broader ₦1.2 trillion infrastructure funding. Advanced Engineering Consultants secured the ₦5.6bn contract to design the replacement. This marks the end of…

Read More