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NAICOM Mandates Insurers to Cover All Resolved Claims

Lagos: The National Insurance Commission (NAICOM) has issued a directive requiring insurance companies to cover the costs of every claim they resolve. This announcement was made during the Insurers’ Committee Meeting held in Lagos on Wednesday.

Acco…

Transcorp Power Declares 115% Revenue Growth for 2024

Abuja: Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. Mr Emmanuel Nnorom, Chairman, Board of Directors, Transcorp Power Plc, disclosed this du…

Archbishop Pledges Support for Clean Nigeria Campaign

Abuja: Archbishop Ignatius Kaigama of the Catholic Archdiocese of Abuja has pledged the Church’s support for the Federal Government’s Clean Nigeria, ‘Use the Toilet’ campaign to end open defecation. He made the commitment when he received the Minister…

FG Promises to Support Local Enterprises for Economic Growth

Lagos: The Federal Government says it will continue to support indigenous companies to survive and excel, as a strategy to transform the economy. Vice-President Kashim Shettima gave the assurance during a visit to mark the 20th anniversary of SecureID…

Nigeria and Belgium Strengthen Ties on Food Security

ABUJA: The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, announced on Tuesday that Nigeria and Belgium are set to strengthen their economic ties with a focus on enhancing food security. This development comes after a key …

Naira Crude Sale Reduces FX Risks, Transaction Costs – Tinubu

Abuja: President Bola Tinubu made this known on Tuesday, while officially declaring the eighth edition of the Nigeria International Energy Summit (NIES 2025) open in Abuja. Represented by Dr. Doris Uzoka-Anite, Minister of State for Finance, Tinubu sa…