TONY UDOKA

The National Insurance Commission (NAICOM) weekend foreclosed bailouts or any form of financial assistance to failing insurance companies that can no longer meet up with obligations to policyholders. The commission came out with this…

The Federal Executive Council (FEC) has approved N9.24 billion as premium for insurance firms that will manage the group life assurance for federal civil servants Revealing the figure after the FEC meeting held on Wednesday in Abuja, the…

Plans are underway for the kick-off artisanal refineries in the Niger Delta region, the Senior Special Assistant to the President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang has hinted. Ita Enang, who gave the hint at the…

Despite the drop in inflation from 18.2 percent in March to 18.1 percent in April, Food prices soared in April 2021 as the devaluation of the naira, scarcity of forex, insecurity, banditry, amongst others continue to impede the agricultural…

Gas production by the Nigerian National Petroleum Corporation (NNPC) dropped by 17.50 billion cubic feet in February creating a shortage in the gas offtake for the domestic and export market in the month The Corporation produced 206.05…

For the fifth consecutive time, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) ended its meeting retaining the Monetary Policy Ratio (MPR) at 11.5 percent. The Committee at its Tuesday meeting held all the…

The tragic plane crash that killed Nigeria's Chief of Army Staff, Lt Gen Ibrahim Attahiru Friday evening makes it three in the first half of the year, robbing the nation of over 20 valiant personnel and over N12,168,750,000 or $29.5 million…

The Federal Government has assured Nigerians that it will not succumb to financial pressures occasioned by the increase of global crude oil prices to increase heavy subsidy payments to increase the pump price of Premium Motor Spirit (PMS)…

To curb losses associated with road accidents within the country and the Ecowas region, both the National Insurance Commission (NAICOM) and Transport ministry are in a pact to work together. Consequently, the two have agreed to…

The Nigeria Governors’ Forum (NGF) has called for the full deregulation of the petroleum downstream sector, saying that the current pump price of petroleum at N165 per litre was no longer sustainable by the Federal Government. In a…