The National Insurance Commission faces criticism for failing to publish audited financial statements since 2013, despite overseeing an industry with annual premiums exceeding 1.5 trillion naira. Industry participants question how the regulator can enforce transparency requirements under the Nigerian Insurance Industry Reform Act when it remains silent about its own finances. The commission collects substantial…
Nigerian House of Representatives Speaker Abbas Tajudeen and his counterpart from Algeria’s People’s National Assembly signed an agreement on Monday to enhance cooperation between their legislative bodies. The memorandum establishes frameworks for official visits, committee coordination, and capacity development programs between the two African nations. Both sides are committed to supporting democracy and legal standards…
Sujimoto Construction Limited will take legal steps against parties spreading allegations about a $556,000 fraud claim, which the developer calls false and damaging. Group Managing Director Sijibomi Ogundele said project delays at The LeonardoBySujimoto stem from regulatory requirements and economic pressures rather than wrongdoing. The company obtained necessary permits in 2024 and expects to complete…
Transcorp Hotels reported revenue of 72.31 billion naira for the third quarter ending September 30, representing a 49 percent gain from 48.49 billion naira the previous year. Profit before tax climbed 36 percent to reach 22.4 billion naira as the hospitality company improved efficiency and customer service. The firm opened a 5,000-seat convention facility to…
Ademola Alugo leads Dvpper Digital as senior vice president and has guided the African distribution company past 10 billion global streams. The platform placed three releases in Apple Music Nigeria’s top positions in 2024 with tracks from Seyi Vibez, Omah Lay, and Shallipopi. Dvpper distributed 20 entries among the top 100 songs on the service…
Retired oil industry workers praised the Nigerian Upstream Petroleum Regulatory Commission for policy changes that attracted investment and increased production. The Forum of Retired Oil Workers credited Chief Executive Gbenga Komolafe with restoring confidence through transparent operations aligned with the Petroleum Industry Act. President Richard Jackson said 28 field development plans approved in 2025 will…
Nigerian Bottling Company will introduce Plazma Biscuit to local consumers as part of its expansion into the snack food market. The European brand enters Nigeria through a partnership between Bambi Confectionery, Coca-Cola HBC Group, and a domestic biscuit manufacturer. Managing Director Goran Sladic sold the first product carton at a market event that marked the…
The Corporate Affairs Commission launched an artificial intelligence system that completes business registration within 10 minutes through its new portal introduced on June 30. Registrar-General Hussaini Ishaq Magaji announced the development at a management retreat in Kaduna while marking two years in his position. The platform enables customers to reserve names and generate certificates without…
PalmPay received recognition as Digital Governance Company of the Year in the fintech innovation category at the 2025 Nigeria GovTech Awards ceremony held at the Presidential Villa in Abuja. The Bureau of Public Service Reforms presented honors to organizations advancing technology solutions in governance and public administration. Managing Director Chika Nwosu accepted the distinction and…
Coleman Technical Industries Limited honored workers at a staff appreciation event on the weekend in Lagos as part of celebrations for the company’s 50th anniversary, marked in July 2025. Employees with 15 years of service received 100,000 naira, while those reaching 20 years earned 200,000 naira. Adefemi Grace collected nearly 1 million naira after 38…
