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Nigeria’s insurance sector recorded mixed fortunes in 2025 as rising claims and fluctuating loss ratios reshaped profitability across leading firms. A Pinnacle Daily review of the 2025 financial statements of 10 major insurers shows a market driven by large premium volumes, underwriting discipline, and strong investment income. While some firms successfully balanced claims obligations with …

Insurance loss ratios

Professor Wumi Iledare, a renowned expert in petroleum economics and Professor Emeritus at Louisiana State University, has reacted to President Bola Tinubu’s Executive Order 9 of 2026, directing the restructuring of oil and gas revenue remittances to the Federation Account. The order signed by President Tinubu on February 13 but announced on February 18, 2026, …

Energy Economist Warns Against Legal Infractions on Tinubu’s Oil Revenue Executive Order

The Federal Government has introduced a new Investment Budgeting framework to stop funding non-performing projects and boost accountability as Nigeria targets a $1 trillion economy. The Minister of State for Finance, Doris Uzoka-Anite, announced the reform during a meeting with Tayo Aduloju, Chief Executive Officer of the Nigerian Economic Summit Group. Uzoka-Anite said the government …

Entering the year 2026, Nigerians have faced unprecedented terror violence just barely seven weeks into the new year. From the Northeast to the North Central states, attacks have escalated both in frequency and lethality, leaving communities traumatized and families shattered. On 3–4 February 2026, heavily armed gunmen swept through Woro and Nuku villages in Kwara …

 ActionAid Nigeria has condemned the swift assent of the Electoral Act (Amendment) 2026 by President Bola Ahmed Tinubu. The organisation called for an immediate review and amendment to protect Nigeria’s democratic integrity. In a press statement signed by Country Director Andrew Mamedu, ActionAid expressed deep concern that the law, which will govern Nigeria’s electoral processes, …

 Severe Winter Storm Puts 800,000 Displaced Palestinians in Gaza at Risk - UN

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