By Ayomide Otitoju President Bola Tinubu has signed the Nigerian Insurance Industry Reform Bill 2025 into law, creating the Nigerian Insurance Industry Reform Act (NIIRA) 2025, presidential spokesman Bayo Onanuga announced on Tuesday. The presidency said the legislation consolidates and repeals several outdated insurance laws, establishing a single, modern legal framework for comprehensive regulation and…
By Ayomide Otitoju Niger’s military government has seized control of the country’s only industrial gold mine, accusing Australian firm McKinel Resources Limited of “serious breaches” and mismanagement. The junta, in power since a 2023 coup, announced the nationalisation of Société des Mines du Liptako (SML) on state television Friday, saying the move was aimed at…
By Ayomide Otitoju The Ogun State Government has told former governor and current senator Gbenga Daniel to comply with urban planning regulations amid a dispute over alleged plans to demolish his Sagamu residence and Conference Hotel. Daniel claims the move is politically motivated and violates due process, noting the properties predate the 2022 planning law…
By Ayomide Otitoju Former Minister of Agriculture and Rural Development Audu Ogbeh has died at the age of 77, his family announced on Saturday. He passed away peacefully on August 9, 2025. Ogbeh served as agriculture minister from November 2015 to May 2019 during the first term of late President Muhammadu Buhari. He was also…
By Ayomide Otitoju Nigeria’s Academic Staff Union of Universities (ASUU) has warned the federal and state governments to address longstanding grievances or risk another strike in public universities. In a statement signed by president Christopher Piwuna, the union cited poor welfare, inadequate funding, and failure to honour past agreements — notably the stalled renegotiation of…
By Ayomide Otitoju Oando PLC has announced the appointment of Folasade Ibidapo-Obe as its new Chief Compliance Officer and Company Secretary, effective August 8, 2025. She succeeds Ayotola Jagun. A dual-qualified lawyer in Nigeria and Canada, Ibidapo-Obe brings nearly two decades of experience in corporate governance, regulatory compliance, and company secretarial practice. She holds a…
By Ayomide Otitoju The Lagos State Government has directed operators of hotels, event centres, nightclubs, and other hospitality businesses to obtain approval from both the Lagos State Parking Authority (LASPA) and the Lagos State Traffic Management Authority (LASTMA) for parking and traffic management. In a joint statement on Thursday, LASPA General Manager, Adebisi Adelabu, and…
By Ayomide Otitoju The African Development Bank (AfDB) has announced that Phase 2 of its Special Agro-Industrial Processing Zones (SAPZ) initiative, covering 28 Nigerian states, will commence in September 2025. Outgoing AfDB President, Dr. Akinwumi Adesina, disclosed this while presenting a paper at the 2025 Standard Chartered Bank Africa Summit held in Lagos. He noted…
By Ayomide Otitoju FirstBank has reaffirmed its commitment to inclusive financial innovation with its sponsorship of the Canada-Africa Fintech Summit (CAFS 2025), held from August 5–8 at the Sheraton Centre, Toronto. Organised by Dr. Segun Aina, President of the African Fintech Network, the summit brought together fintech leaders, regulators, investors, and startups from Africa and…
