Category : Search result: Nigeria Insurance Industry Reform Act 2025


Tax Reforms on Track for January 1 Implementation

The Federal Government confirms Nigeria's major tax reform laws will take effect as scheduled on January 1, 2026. The changes promise relief for 98% of workers and 97% of small businesses. Get the full details.

Why House Repealed 2024, 2025 Budget Acts - Agbese

The House of Representatives has clarified its repeal of the 2024 and 2025 Appropriation Acts, aiming to align Nigeria's budget with global standards and end multiple budgets by 2026. Read the full details.

National Assembly Orders Re-gazetting of Tax Laws

The National Assembly has mandated the re-gazetting of four 2025 tax laws and issuance of Certified True Copies to address alleged discrepancies. This follows an investigation into the legislative process.

Universal Insurance Gets BBB- Rating from Agusto & Co

Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.

ADP Slams Tax Act Changes, Supports Women in Politics

ADP condemns alleged post-legislative alterations to Nigeria's Tax Act 2025, warns of governance crisis, and advocates for constitutional reforms to include women's reserved seats. Read the full analysis.

Nigerian Tax Law FAQs for 2026 Explained

Get clarity on Nigeria's new tax reforms starting January 2026. We answer 25 common questions on rates, exemptions, and how it affects you. Stay informed and compliant.

Nigeria's Oil Sector: PIA Fails, Distrust Deepens

Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.

Reps Enforce PIA to Protect Oil-Producing Communities

The House of Representatives Committee on Host Communities commits to enforcing the Petroleum Industry Act, ensuring oil-producing areas get their full benefits. Read about the new oversight and funding model.

Tinubu's 10 Defining Decisions of 2025

From emergency rule in Rivers State to major tax reforms and security overhauls, explore the 10 pivotal decisions by President Tinubu's administration that shaped Nigeria's 2025. Read the full list and analysis.

Senate Confirms New CEOs for Petroleum Agencies

The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.

Air India Crash: Victim Families, Survivor Get Compensation

Following the 2025 Air India Boeing 787 crash, interim compensation has been paid to the lone survivor, victims' families, and ground survivors. Total liabilities reach hundreds of millions of dollars. Read the full report.

Ahmed defends $5M education spending, welcomes probe

Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige

NMDPRA, NUPRC Chiefs Resign After Dangote's Allegations

President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.

NDIC Details N2m Payout for Failed Mortgage Banks

The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

CSOs Defend NMDPRA Against Dangote's Allegations

A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.

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