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Sovereign Trust Insurance remits N1.5 billion statutory capital deposit to CBN
June 5, 2026
Sovereign Trust Insurance Plc has announced the successful remittance of a N1.5 billion statutory capital deposit to the Central Bank of Nigeria (CBN), in compliance with regulatory requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The disclosure…
Read morePolice launch coordinated raids, stop-and-search operations in Oyo
June 5, 2026
The Oyo State Police Command has launched coordinated raids, stop-and-search operations, and intelligence-led patrols across the state as part of renewed efforts to strengthen security and combat criminal activities. The post Police launch coordinated raids, stop-and-search operations in Oyo appeared…
Read moreFG to repatriate 1,000 Nigerians from South Africa as xenophobic tensions rise
June 5, 2026
The Federal Government has commenced plans to repatriate more than 1,000 Nigerians from South Africa amid growing concerns over rising anti-immigrant sentiments and renewed xenophobic tensions in the southern African nation. The post FG to repatriate 1,000 Nigerians from South Africa as…
Read moreSEC DG: Young Nigerians, fintech apps now driving capital market growth
June 5, 2026
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, says fintech apps, majorly used by a growing number of young Nigerians, are now driving capital market growth. The post SEC DG: Young Nigerians, fintech apps now driving capital market…
Read moreAnthropic calls for coordinated mechanism to pause AI development
June 5, 2026
AI giant, Anthropic is calling on frontier AI developers to establish a coordinated, verifiable system for slowing down or temporarily pausing AI development if advanced systems begin improving themselves faster than society can manage the risks. The post Anthropic calls…
Read moreTalstack Joins iDICE Startup Bridge Founders Lab as Learning Platform Partner
June 5, 2026
Talstack has joined the iDICE Startup Bridge Founders Lab as its learning platform partner, providing the learning infrastructure and curriculum expertise to support a 12-week structured entrepreneurship programme for 185 early-stage Nigerian founders. The first cohort commenced in May 2026.…
Read moreThe Emperor, the premium, and his vision
June 5, 2026
Total premium paid in the Nigerian Insurance industry for 2025 stood at about N2. 3 trillion, a 47% increase from the N1.5 trillion it did the previous year. Let me give you some more breakdown. Non-life (general Insurance) contributed approximately…
Read moreFG flags off N1.245 trillion Gombe-Biu Highway reconstruction, awards project to Hi-tech
June 5, 2026
The Federal Government has flagged off the N1.245 trillion reconstruction and dualisation of the 125km Gombe-Biu Highway, awarding the project to Hi-Tech Construction Company. The post FG flags off N1.245 trillion Gombe-Biu Highway reconstruction, awards project to Hi-tech appeared first…
Read moreWorld Environment Day: Green Tax sparks debate ahead of July 1 rollout
June 5, 2026
As the world commemorates World Environment Day 2026, Nigeria’s planned implementation of a new Green Tax on motor vehicles has generated widespread debate among environmental advocates, economists, automobile operators, and consumers. The post World Environment Day: Green Tax sparks debate…
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