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Tanzania backs Nigeria’s IMO council bid

United Republic of Tanzania has thrown its weight behind Nigeria’s bid for election into Category C of the International Maritime Organization (IMO) Council, citing strong bilateral relations and Nigeria’s past support as key factors.  This declaration was made during a courtesy visit by the Tanzanian High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele, to…

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NAICOM rolls out new guidelines for Insurtech

The National Insurance Commission (NAICOM) has rolled out operational guidelines for Insurtech businesses in Nigeria. This is a step toward regulating and expanding digital innovation in the insurance sector. The move which came after a series of stakeholder engagements NAICOM said is aimed at creating a unified regulatory environment for emerging insurance technology players. According…

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AfDB approves $1.2m for battery energy storage system feasibility

The African Development Bank (AfDB) has committed $1.2million grant to kick start the Nigeria Battery Energy Storage System Feasibility Study. Its Country Office Director-General, Dr Abdul Kamara disclosed this during the inaugural/inception workshop of the feasibility study in Abuja. Represented by the Chief Engineer, AfDB Nigeria Country Office, Engr. Chigoziri Egeruoh, Director-General said: “This is…

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Wealth Report ranks Abu Dhabi, others tax-friendly for investors

Abu Dhabi and Dubai have emerged the top two positions globally for their investor-friendly tax regimes, legal stability, and strong governance. According to a report titled: Wealth Report 2025: The Taxed Generation, released Tuesday by Multipolitan, a Singapore-headquartered international mobility platform, Singapore secured third place, reinforcing its position as a trusted hub for globally mobile…

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