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Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […]

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Beta Glass injects N1tr into economy in 10yrs, unveils new board

By Jimoh Babatunde Beta Glass Plc says it has contributed over N1 trillion to Nigeria’s economy in the last 10 years, reaffirming its commitment to expanding investments, sustainable manufacturing and shareholder value. At its 52nd Annual General Meeting in Lagos, shareholders approved key resolutions, including the reconstitution of the Board of Directors. According to an independent […]

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FG incurs N358.3bn electricity subsidy in Q1 — NERC

By Obas Esiedesa, Abuja The Federal Government (FG) incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its […]

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UNIBEN Devt Trust Fund Chair, VC pledge transparent use of raised funds

By Ozioruva Aliu BENIN CITY – THE Chairman, University of Benin Development Trust Fund Pastor Osagie Ize-Iyamu and the Vice Chancellor of the University , Professor Edoba Omoregie (SAN) have promised that the funds raised would be judiciously used strictly for the purpose it was meant for which is ti development of the school. Speaking […]

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Pharmacists, policymakers converge on healthcare access at ACPN’s Unity 2026

By Esther Onyegbula The Association of Community Pharmacists of Nigeria (ACPN) has announced plans to convene political leaders, healthcare policymakers, regulators and pharmaceutical experts at its 45th Annual International Scientific Conference, Unity 2026, with a renewed push to expand healthcare access, strengthen Nigeria’s health system and accelerate universal health coverage. The conference, scheduled to hold […]

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