Nigeria Shuts an Insurer That Could Not Raise Enough Capital
NAICOM revoked the Universal Insurance licence after the company missed Nigeria's new minimum capital requirement. A liquidator was appointed the...
August 20, 2026Topic
Tinubu
Nigeria Opposition Hopefuls Ally, but Accord Backs Tinubu
Three Nigerian presidential hopefuls agreed an alliance in Port Harcourt, but Accord adopted President Tinubu in July and disowned its...
August 17, 2026
China Pledges US$28 Million Grant to Nigeria as Ties Deepen
China has pledged a US$28 million grant to Nigeria for development projects, deepening diplomatic and financial ties between Beijing and...
August 15, 2026
Nigeria’s NNPC Listing: Tinubu Commits, But Sets No Date
Tinubu says the whole of NNPC will be listed. But he named no date for the NNPC listing, and the...
August 8, 2026
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
Nigeria's NAICOM recapitalisation has licensed 43 insurers that met capital floors of up to ₦35bn (about US$26m), leaving up to...
August 6, 2026
Banking stocks lift Nigerian market by N288 billion despite broad selloff
Nigerian banking stocks added N288.44 billion in market value in a single session, reversing prior-week losses even as most equities...
August 4, 2026 Nigeria Private FX Outflows Jump 165% to $16.3 Billion
Private-sector FX outflows from Nigeria surged 165% to $16.3 billion in 2025, reshaping who controls dollars in Africa’s largest economy.
July 31, 2026
Nigeria Offers Shell $11.50 Tax Credit to Unlock $20 Billion Deepwater Project
Nigeria gazetted an $11.50-per-barrel Bonga Southwest tax credit for Shell, unlocking a potential $20B investment on 820M barrels of reserves....
July 17, 2026
Nigeria Awards $1.2bn Highway Job to Chagoury’s Hitech
Nigeria approved a N1.7 trillion ($1.24bn) Sokoto-Badagry highway section for Gilbert Chagoury's Hitech, reviving debate over no-bid mega-contracts.
July 7, 2026