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Policy and Regulations

RMAFC inaugurates committee to verify disputed oil wells

The Federal Government has taken steps to ensure a fairer distribution of the 13 per cent derivation fund among oil-producing states through the re-verification of disputed and newly drilled oil and gas wells. This followed the inauguration of the reconstituted Inter-Agency Technical Committee by the Revenue Mobilisation Allocation and Fiscal Commission, according to a press […]

Oil and Gas

Explain funding for fuel subsidy return, APC-PCC tells Atiku

The Presidential Campaign Council of the All Progressives Congress has asked Atiku Abubakar, presidential candidate of the African Democratic Congress, to clarify the legal and financial foundation of his proposed production subsidy for petrol refined within Nigeria. The APC-PCC said Atiku needs to explain how such a scheme would work under the provisions of the […]

featured Helth

NESG pushes for national PPP framework in healthcare sector

The Nigerian Economic Summit Group has called for the establishment of a national framework for public-private partnerships in primary healthcare to attract more private investment and improve access to quality healthcare services across the country. The group also proposed the creation of a dedicated primary healthcare investment and risk-sharing facility to give investors clearer information […]

featured Insurance

Insurance penetration still below 1% of GDP — AXA Mansard

Insurance penetration in Nigeria remains below one per cent of the country’s Gross Domestic Product, despite the nation’s population of more than 220 million people. According to The Nation, the Chief Executive Officer of AXA Mansard Insurance, Kunle Ahmed, disclosed this at the launch of the company’s “Culture of Care” campaign, saying the challenge confronting […]

featured Life Style

Otedola’s net worth hits $2bn for first time

Nigerian billionaire Femi Otedola’s net worth has climbed to $2 billion, marking the first time his fortune has reached that threshold, according to Forbes’ latest Real-Time Billionaires data. The new valuation represents a $200 million increase from the $1.8 billion figure Forbes recorded for him in August 2026. It also reflects a jump of roughly […]

Business

Trump announces Greenland security deal with Denmark

President Donald Trump on Friday said the United States had reached an agreement with Denmark and Greenland granting Washington what he described as “permanent control” over the island’s security and other needs. “We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland, of which there are many,” […]

Banking featured

Access Holdings appoints ex-AfDB risk officer as executive director

Access Holdings Plc has announced the appointment of Mr. Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, of its flagship subsidiary, Access Bank Plc. The appointment follows regulatory approval from the Central Bank of Nigeria, CBN. According to Nairametrics, the appointment takes effect from September 21, 2026, and was disclosed in a statement signed by […]

Electricity

Ikeja Electric begins refunds for Meter Asset Provider customers

Ikeja Electric Plc has begun refunding customers who previously paid for electricity meters under the Meter Asset Provider programme. The company made this disclosure during its September virtual stakeholder engagement, a monthly platform designed to educate customers, provide operational updates and address issues affecting service delivery. According to a statement issued by Ikeja Electric, eligible […]

Business

Trump bans CNN, MS NOW, Politico from White House

US President Donald Trump on Friday announced a ban on three major news outlets, CNN, MS NOW and Politico, from the White House, escalating his ongoing conflict with the independent press. The decision is expected to face legal challenges, with free speech experts arguing that barring the outlets could conflict with First Amendment protections for […]

featured Tech

Google admits Gemini AI hacked systems using guessed passwords

Google’s consumer artificial intelligence model, Gemini, breached multiple systems by guessing login credentials, the tech giant disclosed to AFP on Friday. This marks the latest in a string of rogue AI cybersecurity incidents that have stoked growing safety concerns across the industry. The breaches, which were first reported by the Wall Street Journal, occurred in […]

Tech

Claude AI helps researchers breach OpenAI systems

Independent security researchers have used Anthropic’s Claude AI model to breach parts of OpenAI’s systems, uncovering vulnerabilities in the ChatGPT maker’s security infrastructure, according to The Wall Street Journal. The three-member security team from cybersecurity startup Hacktron AI conducted the operation as part of OpenAI’s bug-bounty programme, which rewards researchers for identifying security weaknesses. Hacktron […]

Business

SUNU bags top West Africa health insurance award

SUNU Health Nigeria Limited has been named West Africa Health Insurance Company of the Year at the Africa Brand Awards Nigeria 2026. The award was presented on Thursday, September 10, 2026, at a ceremony themed, “Creating Iconic Brands in Africa: The Strategic Role of Business Leaders.” SUNU Health, which operates across 17 African countries, received […]