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Essential Nigeria News

Wednesday, September 23, 2026 Volume XXIII Breaking News & Latest Updates
Senate clears path for stronger insurance regulator with new bill Business

Senate Clears Path For Stronger Insurance Regulator With New Bill

The Nigerian Senate has passed the Insurance Regulatory Commission Bill, 2025, effectively repealing the outdated National Insurance Commission (NAICOM) Act of 1997.Lawmakers said the nearly 30-year-old law no longer meets the needs of the country’s evolving insurance sector. The new legislation, wh...

By Esther July 27, 2026
Regulators and insurers endorse Lagos compulsory building cover drive Business

Regulators And Insurers Endorse Lagos Compulsory Building Cover Drive

The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA) have given strong backing to the newly launched Lagos State Bui...

21 0
1 month ago
Linkage Assurance seals N16.2bn capital raise ahead of regulatory deadline Business

Linkage Assurance Seals N16.2bn Capital Raise Ahead Of Regulatory Deadline

Linkage Assurance Plc has successfully completed a N16.2 billion rights issue, issuing 12.32 billion ordinary shares at N1.32 each to strengthen its c...

21 0
1 month ago
Stronger pipeline security seen as key to Nigeria’s oil licensing gains Business

Stronger Pipeline Security Seen As Key To Nigeria’s Oil Licensing Gains

Nigeria’s 2025 oil licensing round is expected to deliver stronger results thanks to improved protection of oil assets, industry stakeholders say.The...

20 0
1 month ago
Nigerian banks ease peak loan rates to 33.16% in June Business

Nigerian Banks Ease Peak Loan Rates To 33.16% In June

Nigeria’s average maximum lending rate fell to 33.16 per cent in June 2026 from 34.78 per cent in May, according to the latest Central Bank of Nigeria...

18 0
1 month ago