News
The Importance of Professional Indemnity Insurance
9+ hour, 33+ min ago (806+ words) Early in her career, Bukunmi had everything going for her. Fresh out of university, she landed a role as an accountant at a thriving real estate firm in Lagos. Bright, hardworking, and driven, she became the go-to person for financial…...
Rivers health insurance scheme targets one million subscribers
1+ week, 5+ day ago (550+ words) The Rivers State Government has said that it intends to enroll at least one million of its citizens to the State's contributory health insurance scheme. Vetty Agala, Executive Secretary and Chief Executive Officer of the Rivers State Contributory Health Protection…...
Banks move to capture SMEs as tax reforms widen compliance net
1+ week, 6+ day ago (721+ words) Banks are rolling out zero-fee accounts and digital tools to attract small businesses just as Nigeria's tax reforms tighten compliance requirements, effectively pushing more businesses into the formal economy. The shift reflects a growing alignment between financial institutions and government…...
Customers to pay N1, 500 for ATM card issuance, replacement in CBN new draft charges guide
1+ week, 6+ day ago (551+ words) Bank customers in Nigeria will pay N1, 500 for Automated Teller Machines (ATM) debit card issuance and replacement from May 1, 2026, representing a 50 percent increase from the N1, 000 charged since the last review in 2020. The new charge is contained in the Exposure Draft of…...
Group life insurance gap leaves private sector workers exposed
1+ mon, 4+ day ago (981+ words) Group life insurance adoption in Nigeria, despite being a legal requirement under the Pension Reform Act (PRA) 2014, remains low, widening the financial burden on families who lose their loved ones. While employees of the Federal Government Ministries, Departments and Agencies…...
Out-of-pocket medical bills derail health insurance reforms
1+ mon, 1+ week ago (1175+ words) During one of her routine visit to the optometrists in October 2025 at the Federal Medical Centre, Umuahia, Beatrice Eze was told she might lose her sight, and needed surgery. The farmer and petty trader from Ihie was diagnosed with advanced…...
NHIA, Roche deepen reform push to accelerate universal health coverage
1+ mon, 1+ week ago (774+ words) Kelechi Ohiri, Director General and Chief Executive Officer, National Health Insurance Authority (NHIA) Nigeria's drive toward Universal Health Coverage (UHC) is gaining momentum as the National Health Insurance Authority (NHIA) ramps up reforms aimed at expanding access, improving quality, and…...
Ultimate Health HMO moves to standardize health insurance with GIFSHIP plan
1+ mon, 2+ week ago (857+ words) Ultimate Health HMO said on Tuesday it is adopting the Group, Individual and Family Social Health Insurance Programme (GIFSHIP) as its core health coverage plan in a move aimed at expanding insurance access to Nigeria's informal sector and private workforce....
CBN orders banks to reverse failed ATM transactions immediately
1+ mon, 3+ week ago (691+ words) Says all card issuers to deploy one ATM for every 7, 500 payment cards issued The Central Bank of Nigeria (CBN) has directed banks to immediately reverse failed automated teller machine (ATM) transactions, tightening rules aimed at improving consumer protection and reliability…...
Nigeria airports to resume cash payments at access gates from Thursday
1+ mon, 3+ week ago (261+ words) Nigeria's airports will introduce a hybrid payment system at access gates from Thursday, 13th March, accepting both cash and card after a fully cashless arrangement caused traffic gridlock and was suspended on presidential orders. The Federal Airports Authority of Nigeria (FAAN)…...