By Taiye Olayemi Universal Insurance Plc says it has met one of the recapitalisation requirements, Minimum Capital Requirement (MCR), under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This was disclosed in a statement signed by the Company Secretary and Legal Adviser, Universal Insurance, Mr Chinedu Onyilimba, on Wednesday.Continue Reading
By Martha Agas The Sea Empowerment Research Centre (SEREC) says repositioning Nigeria’s air cargo governance is critical for African Continental Free Trade Area (AfCFTA) competitiveness, trade facilitation and national economic growth SEREC made this known in a policy brief issued by its Head of Research, Dr Eugene Nweke on WednesdayContinue Reading
By Lucy Ogalue The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) are partnering to mobilise a long-term, development-oriented financing for the transformation of Nigeria’s sugar industry. The Executive Secretary/Chief Executive Officer of NSDC, Mr Kamar Bakrin, said this when he led a delegation to visitContinue Reading
By Yunus Yusuf Mr Quadri Fatai, MD/CEO, Alfa Designs Nigeria Ltd.,(middle) during the 2026 Sub-Saharan Africa International Petroleum Exhibition and Conference Chief Executive Officer, Alpha Designs Nigeria Ltd., Mr Quadri Fatai, has urged the Federal Government to prioritise indigenous oil and gas firms with proven capacity andContinue Reading
By Vivian Emoni The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN) says Nigeria remains Africa’s second largest onion producer after Egypt, with annual production estimated at 2.1 million metric tons. Alhaji Aliyu Isah, National President of the association, disclosed this in an interview with the News AgencyContinue Reading
By Monday Ijeh Alhaji Abdul Rabiu, Chairman, BUA Group, has called on African governments and other stakeholders to urgently shift the continent’s economic model from raw materials extraction to large-scale processing/industrial transformation. Rabiu spoke on Tuesday at high-level mining forum convened by the Africa Finance Corporation (AFC), in Cape Town,Continue Reading
By Isaiah Eka Gov. Umo Eno of Akwa Ibom says his administration is reviving maritime infrastructure in the state to grow the blue economy. Eno said this at the maiden edition of the Niger Delta Blue Economy Investment Summit in Ikot Ekpene on Tuesday. Represented by Mr Uko Udom, theContinue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) has urged the establishment of a single, harmonised national register for beneficial ownership to strengthen Nigeria’s anti-corruption framework and improve the fight against corporate and financial crimes. The Registrar-General of CAC, Mr Hussaini Magaji, made the call during the commission’s 35th anniversaryContinue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) has approved free business name registration for 3,500 small businesses across the 36 states and the Federal Capital Territory. The Registrar-General, Mr Hussaini Magaji, disclosed this in Abuja during the commission’s 35th anniversary celebration. Magaji said the initiative underscored the commission’s commitmentContinue Reading
By Kadiri Abdulrahman The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), broke its record revenue collection performance, posting N28.3 trillion to surpass the set target of N25.2 trillion for the year 2025. This was disclosed on behalf of the NRS Executive Chairman, Zacch Adedeji,Continue Reading
