The Nigeria Insurance Industry Reform Bill, 2024 (SB 393) scaled second reading at the Senate on Thursday. The bill was Sponsored by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Mukhail Adetokunbo Abiru, (Lagos East), and 41 other Senators. Senator Abiru, in his lead debate, addressed the Senate on the general principles of the bill that seeks to provide a comprehensive legal framework for the regulation and supervision of all manner of insurance businesses in Nigeria. Speaking on the bill, Senator Abiru decried the low penetration of insurance services in Nigeria, despite being one of the…
Author: National Update
By Friday Idachaba, Lokoja. WOMEN Farmers Organization in Nigeria (SWOFON), Kogi State Chapter, has called on government to provide single digit interest rates to small-holder women farmers to address issues of inadequate budgetary allocations and credits facilities. The women farmers made the call in Lokoja at a meeting on “Dissemination of Scorecard On Smallholder Women Farmers’ Access To Agricultural Credit Facility In Kogi State between 2020 and 2023. The programme was organised by SWOFON in partnership with Kogi State Budget Committee Group (BCG) with support from ActionAid Nigeria. Presenting the scorecard, Mr Mathias Okpanachi, Chairman of the BCG decried the…
The Nigerian President, Bola Tinubu has promised to henceforth review the national minimum wage law every three years following the approval of N70,000 as minimum wage for Nigerian workers. Minister of Information, Mohammed Idris made the announcement at the Presidential Villa in Abuja, on Thursday. The minister declared that the agreement was reached at a meeting between President Bola Tinubu and the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Thursday in Abuja. “We are happy to announce today (Thursday) that both the Organised Labour and the Federal Government have agreed on an increase…
The Executive Chairman of Bwari Area Council, Hon (Dr) John Gabaya, felicitates with Princess Hauwa Philip Tanimu Aduda wife of the Minority Leader of the 9th Senate, on the occasion of her 50th birthday anniversary. Chief Press Secretary to the executive Chairman Bwari Area Council, Agada Ernest Godwin quoted Gabaya in a statement to have indicated that, “Princess Hauwa Philip Tanimu Aduda over the years, has emblazoned her name as an advocate of social justice, a philanthropist and a voice of the voiceless. Gabaya described the immediate past Federal Capital Territory senator’s Wife as a virtuous woman, an epitome of…
Worried by the 28 million housing deficit in Nigeria, Real Estate Developer and Founder, T-Pumpy Concepts, Dr. Akintayo Adaralegbe, has described the situation as alarming, calling for collaborations with stakeholders to address the critical issue Adaralegbe however declared that his company is up for the challenge by working closely with government to bridge the housing gap in the country. Speaking with journalists in Abuja at a road show during the week, Adaralegbe underscored the need for government to collaborate with registered operators to create affordable housing units for the masses. While highlighting the need for transparency in the sector, he…
***The Mambilla trial is based on criminalisation conspiracy I am an avid watcher of the Agunloye trial in Nigeria. It is a trial based on criminalisation conspiracy. I know other watchers abound in Nigeria, and many are scattered over Africa, Europe, the Americas and Asia. However, this time, I will not be writing about the Agunloye trial but about something which challenges our sensibilities and senses. It is about the many contracts, crimes, and criminalisation of Mambilla. This writing was primed by the recent steps taken at the National Assembly of Nigeria which seeks to find the way out of…
***says party’s original certificate still in his custody The Founder of the New Nigeria People’s Party, Dr Boniface Aniebonam, has blamed the Independent National Electoral Commission for taking part in the change of the NNPP logo and amendment of the constitution. Aniebonam also accused the National Leader of the NNPP, Senator Rabiu Kwankwaso and his camp of contempt of the court order by holding a national convention and coercing INEC officials to take part in the event. He expressed his bitterness at an interactive session with journalists in Abuja on Wednesday. According to him, many concerned Nigerians and stakeholders had…
The Senate announced the removal of Senator Mohamed Ali Ndume (Borno South) as Chief Whip. APC Senate Caucus endorsed Ndume’s removal as Senate Chief Whip during plenary when Senate President Godswill Akpabio put the matterto voice vote Ndume was immediately replaced by Tahir Mungono (Borno North). This is happening following his recent critical disposition against the President Bola Ahmed Tinubu’s government. In a letter addressed to the Senate Caucus by the national leadership of the ruling party, the APC asked Ndume to resign his membership of the APC and join any opposition party of his choice. The letter was signed…
The Labour Party (LP) Presidential Candidate in the 2023 general election, Peter Obi who will be 63 years old on Friday, July 19, 2024 has asked Nigerians to celebrate him by channeling their resources to the poor and needy Speaking ahead of the day, Obi directed all his well wishers planning to celebrate him to direct the resources to the poor and the needy in the society. Writing on his X handle on Wednesday ahead of Friday, Obi said he would wish for a solemn celebration as usual especially now that the poor and the needy are swelling in our…
***Says, God told her every thing will be fine with Nigeria with prayer The Founder, Love of Christ Generation Church, Cherubim and Seraphim, Rev. Mother Esther Ajayi has cautioned Nigerians against the negative words and curses they haul at their leaders as it is not solving the myriads of problems but compounding them. Speaking on Wednesday at the Main Bowl of the National Stadium during a World Press Conferece ahead of a program, ‘Celebrating the Unity of the Holy Spirit: Celebrate the Comforter, slated for July 20 at the Main Bowl, National Stadium, Abuja, she urged Nigerians to be positive…