18:11:30The Nigerian insurance industry stands at a crossroads as it grapples with the implications of the proposed Tax Reform Bill. While taxation remains a critical tool for generating revenue necessary to fund national development, concerns have surfaced over the potential adverse impact on insurance companies if certain provisions of the bill are left unaddressed. At

In a significant move to bolster Nigeria’s financial stability and economic resilience, President Bola Ahmed Tinubu is poised to unveil a comprehensive 10-year strategic roadmap for the insurance sector spanning from 2024 to 2033, alongside a critical Guidance Note for the Insurance of Government Assets and Liabilities. This landmark initiative represents the culmination of years

Africa’s quest for food security faces a complex web of interconnected challenges including climate change impacts, economic volatility, security concerns, infrastructure deficits, and policy inconsistencies. These multifaceted issues have created a perfect storm that threatens agricultural productivity, market access, and nutritional outcomes across the continent, pushing millions toward food insecurity despite the region’s vast agricultural

As the July 1, 2025 enforcement deadline approaches, the ramifications of this sweeping measure extend far beyond simple prohibitions, touching virtually every sector of Lagos’ complex socioeconomic fabric. Lagos State’s impending ban on single-use plastics represents one of the most ambitious environmental policies undertaken in Nigeria’s modern history. The ban emerges as a direct response

The Federal Government is advancing plans to utilize Nigeria’s N23 trillion pension assets to accelerate economic growth and enhance development across key sectors. At the 2025 Pension Industry Leadership Retreat in Lagos, Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, underscored the need for strategic alignment of these funds with national priorities

Federal Government Launches New Insurance Framework for Leased Aircraft To enhance the ease of doing business in Nigeria’s civil aviation sector, the Federal Ministry of Aviation and Aerospace Development has unveiled a new insurance regulation framework for Dry Lease Aircraft under the National Insurance Commission’s (NAICOM) policy to boost the sector. The Federal Government has

Boosting awareness of mandatory insurance covers for Nigerian workers estimated at 113, 349,564 in 2024, according to the World Bank’s collection of development indicators is a pressing national imperative, particularly at a time when both individuals and businesses pay a heavy price for ignorance and non-compliance.  Despite legal mandates requiring insurance protections that span from

Nigeria’s persistent electricity crisis remains one of the most significant barriers to national development, with ripple effects across all sectors of the economy. Despite numerous reforms, policies, and investments over decades, the dream of reliable power supply continues to elude Africa’s most populous nation. The Electricity Act 2023 represents the latest attempt to revolutionize the