Tinubu signs Insurance Reform bill 2025 to boost Nigeria’s financial sector

…Target $1 trillion economy

President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025, a landmark legislation to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 trillion economy.

The Nigerian Insurance Industry Reform Act (NIIRA) 2025 repeals and consolidates several outdated insurance laws into a single, modern legal framework. The new Act provides for comprehensive regulation and supervision of all insurance and reinsurance businesses operating within Nigeria.

This was contained in a statement issued on Monday, August 5, by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

According to the statement, the NIIRA Act 2025 ushers in a new era of transparency, innovation, and global competitiveness for the insurance industry. It aligns with the Federal Government’s vision of achieving a $1 trillion economy and reaffirms the administration’s commitment to financial stability, economic development, and inclusive growth.

Read Also: Tinubu’s legacy road projects equitable – FG

Key reforms introduced in the NIIRA 2025 include: Stringent capital requirements to ensure the financial soundness of operators; Enforcement of compulsory insurance policies to enhance consumer protection; Digitisation of the insurance market to improve access and efficiency; Zero tolerance for delays in claims settlement; Creation of dedicated policyholder protection funds, especially in cases of insolvency; Expanded participation in regional insurance schemes, including the ECOWAS Brown Card System.

The National Insurance Commission (NAICOM) is mandated to administer and implement the provisions of the NIIRA 2025 in a manner that unlocks the industry’s full potential and significantly improves insurance penetration across the country.

The reform introduced by the new law is expected to catalyse new investments, boost consumer confidence, and position Nigeria as a leading insurance hub in Africa.

Details shortly…

How to check WAEC result 2025

The West African Examinations Council (WAEC) on Monday officially released the 2025 West African Senior School Certificate Examination (WASSCE) results for school candidates.

In a statement posted on its official X (formerly Twitter) handle on Monday, August 4, WAEC announced that all candidates who sat for the exam can now check their results online.

To access their results, candidates are to visit the WAEC result portal at www.waecdirect.org and provide their result-checking PIN along with their examination number.

The council encouraged candidates to ensure they have the required login details ready for a seamless process.

Here is how to check your WASSCE result

1. How to Check WAEC results with SMS

a. Using your mobile device, Type WAEC*ExamNo*PIN*ExamYear

b. Send to 32327

c. You will receive a message instantly containing your WAEC statement of result.

Please note, only MTN, Glo & Airtel Subscribers can actually check their WAEC Result using this SMS method.

Note: If you did not receive your WAEC result via SMS, kindly repeat this step again.

SMS Charges will be applied when checking your WASSCE result using text message.

You will need to have purchased the WAECDirect Scratch card in order to check your result via text message. The scratch card pin is what is needed in the PIN section of the SMS you will send to 32327.

Read Also: FG debunks rumour of WAEC, NECO cancellation

2. How to Check via the Website 2025

To check your WAEC Result, visit www.waecdirect.org and login. Please note: you may need a WAEC scratch card to check. Follow the procedures below to check your WAEC result 2025.

a.     Login WAEC Result Checker Website www.waecdirect.org.

b.     Enter your Examination Number

c.     Select Examination Type e.g May/June

d.     Select Exams Year e.g 2023

e.     Click on Check Result.

3. How to Check Via Serial Number

a. Firstly, ensure your mobile phone is internet enabled.

b. Then you visit www.waecdirect.org

c. Enter your 10-digit Examination number,

d. Enter Serial Number

e. Enter Examination year and

f. Click on Check my WAEC Result.

4. Checking via the WAEC Mobile App

Aside from checking your result via the browser and SMS, candidates can also use the mobile app. To use this method, follow the steps below.

a. Download and install the WAEC Result Checker app from the Google Play Store.

b. Follow the prompts to enter your exam number, year, PIN and Serial Number.

c. View and download your result straight from the app.

JUST IN: WAEC releases 2025 WASSCE results

The West African Examinations Council (WAEC) has officially released the 2025 West African Senior School Certificate Examination (WASSCE) results for school candidates.

In a statement posted on its official X (formerly Twitter) handle on Monday, August 4, WAEC announced that all candidates who sat for the exam can now check their results online.

Read Also: FG debunks rumour of WAEC, NECO cancellation

To access their results, candidates are to visit the WAEC result portal at www.waecdirect.org and provide their result-checking PIN along with their examination number.

The council encouraged candidates to ensure they have the required login details ready for a seamless process.

Further breakdowns and statistics on the 2025 WASSCE performance are expected to be released soon.

Tinubu has been fair to all regions – Umahi

Minister of Works, David Umahi, has declared that President Bola Ahmed Tinubu has ensured equitable distribution of road infrastructure projects across Nigeria’s six geopolitical zones.

Reacting to a social media post by Linus Anagboso, popularly known as D-Big Pen, titled “The Politics of Asphalt: Why is the South East missing from the map?”, Umahi described the claims as misleading and politically motivated.

In a statement personally signed by him on Monday in Abuja, Umahi said the Tinubu administration has not neglected any part of the country, including the South East. He accused some political actors of attempting to mislead the public by distorting facts for selfish gain.

“I understand that politics is now in the air and the chosen path by some persons is to deceive unsuspecting members of the public, look good before the people as one fighting for them, and close both eyes pretentiously over the great and selfless infrastructure development Mr. President is doing all over the nation,” Umahi said.

He noted that President Tinubu’s administration is using infrastructure development as a tool to unify Nigerians and restore public trust. To further demonstrate transparency, Umahi disclosed that he had directed all regional directors of the Federal Ministry of Works to return to project sites across the country and compile reports of both inherited and newly awarded projects for public awareness.

Addressing claims that the South East is excluded from major projects, Umahi cited one of President Tinubu’s four legacy road projects, which covers Cross River, Ebonyi, Benue, Kogi, Nasarawa, and Abuja. According to him, the 465-kilometre dual carriageway includes 231.64 kilometres located within the South East. The project, valued at ₦445.8 billion, has already received ₦108 billion in funding, with work currently ongoing.

Read Also: Tinubu moves Surveyor-General’s office to Presidency

He also criticized Anagboso for allegedly misrepresenting details from the July 31 Federal Executive Council (FEC) meeting, where the project corridor was reviewed. Umahi said the writer falsely labelled the project as the “Oyo–Benue Border road” to mislead the public and incite discontent in the South East.

“I demand that he corrects the information immediately, even if he fails to apologize,” Umahi stated.

The minister listed several other ongoing projects in the South East, including work on the Second Niger Bridge access roads in Delta and Anambra states, the Enugu-Onitsha Expressway, Enugu-Port Harcourt Road, and several intra-regional roads linking Ebonyi, Abia, Imo, and Akwa Ibom.

He stressed that over 90 percent of abandoned road projects in the region, some dating as far back as 2013, have been revived by the current administration.

Umahi called on the people of the South East to show appreciation by supporting President Tinubu politically, urging them to reject divisive rhetoric and misinformation.

“We must not be deceived again. Mr. President must have the votes of South East up to 90 percent to cement this relationship,” he said. “Enough of darkening counsel without knowledge in the South East. If we want to be president, we must avoid the politics of hate, misinformation, and sentiments.”

He further praised the South East governors for supporting development efforts in their states and urged the public to rally behind them and President Tinubu for continuity and national unity.

“We are known for hard work and love—not hate,” Umahi said.

Nurses suspend warning strike, direct members to resume work

The National Association of Nigerian Nurses and Midwives (NANNM) has suspended its seven-day nationwide warning strike, directing members to return to work immediately.

The decision was reached during an emergency virtual meeting of the National Executive Council (NEC) on Saturday, following a review of recent engagements with the Federal Government.

The industrial action, which began earlier in the week, sought the implementation of several demands, including an upward review of shift and uniform allowances, creation of a dedicated salary structure for nurses, an increase in core duty allowance, mass recruitment of nursing personnel, and the establishment of a dedicated nursing department within the Federal Ministry of Health.

On Friday, NANNM officials met with representatives from the Federal Ministry of Health and Social Welfare, Ministry of Labour and Employment, Office of the Head of the Civil Service of the Federation, Office of the Accountant General, and the National Salaries, Incomes and Wages Commission, among other stakeholders, in an effort to resolve the dispute.

Read Also: Doctors begin 3-day warning strike in Lagos

Confirming the suspension, Chidi Aligwe, Assistant Secretary-General of NANNM, said:

“The strike has been suspended. Nurses and midwives are to resume duty immediately.”

A formal circular signed by Haruna Mamman, NANNM’s National President, and T.A. Shettima, General Secretary, explained that the NEC resolved to call off the strike after reviewing the signed Memorandum of Understanding (MoU) and agreed timelines for implementing the key issues.

The circular reads: “NEC acknowledges the positive steps taken by the Federal Government in responding to the nine core demands of NANNM, particularly the commitment to clear timelines for implementation. In view of the formal agreement reached, NEC hereby suspends the ongoing nationwide strike action with immediate effect.”

The NEC also assured members that no nurse — including interns and locum staff — would be victimised for participating in the strike, while vowing to monitor the government’s compliance with the agreed timelines.

The association commended members for their solidarity and reaffirmed its commitment to defending the welfare, dignity, and professional rights of all nurses and midwives in Nigeria.

Dangote Refinery appoints David Bird as CEO

The Dangote Petroleum Refinery and Petrochemicals has named David Bird as the new Chief Executive Officer (CEO) of its petroleum and petrochemicals division, effective July 2025.

The appointment, first reported by S&P Global, comes as the refinery works to overcome production challenges and push forward with its expansion plans, including the nationwide distribution of fuel — an initiative already attracting significant pushback from some stakeholders.

A source within the company said that Bird, a mechanical engineer and graduate of Imperial College London, also holds an MBA from Stanford University. He brings over two decades of experience with Shell and a strong track record in global oil and gas operations.

Bird previously served as the head of Oman’s Duqm Refinery and as Senior Vice President of Production Operations and Supply Chain at Santos Ltd. At Shell, he was Vice President of Prelude FLNG, leading the world’s first floating LNG facility, and chaired Shell Australia’s RAP board. He also oversaw operations at Pulau Bukom in Singapore, Shell’s largest refinery.

Read Also: Dangote Refinery suspends Petrol Discount Scheme over alleged misuse by partners

Speaking on his appointment, Bird said his priority would be to expand Dangote’s market presence beyond Nigeria and into other African countries, while driving maximum output and operational efficiency to position the company as a global energy leader.

Aliko Dangote, Chairman of Dangote Industries Limited, will continue as chairman of the refinery while serving as CEO of the broader group, which also operates in cement, fertiliser, and sugar refining.

The 650,000 barrels per day (bpd) refinery, inaugurated by former President Muhammadu Buhari in May 2023, began producing diesel and aviation fuel in January 2024 and started petrol production by September 2024, meeting global quality standards.

In September 2024, the refinery also announced an exclusive partnership with Premier Product Marketing LLC, a US-based firm, to export polypropylene to markets outside Nigeria and Africa.

By August 15, 2025, the refinery is expected to commence fuel distribution to end-users across Nigeria using 4,000 compressed natural gas (CNG)-powered trucks.

Tinubu moves Surveyor-General’s office to Presidency

President Bola Tinubu has approved the transfer of the Office of the Surveyor-General of the Federation (OSGoF) from the Ministry of Works to the Presidency.

The President disclosed the directive on Thursday during the National Economic Council (NEC) meeting, explaining that the move would enhance coordination and execution of major infrastructure projects, particularly the Lagos-Calabar and Sokoto-Badagry Super Highways.

Minister of Information and National Orientation, Mohammed Idris, also confirmed the development while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over by Tinubu.

Read Also: APC will welcome Wike – Tinubu

According to Idris, the reassignment is aimed at streamlining geospatial data management and strengthening direct oversight of national mapping and land administration priorities.

Although the minister did not provide exhaustive details, analysts note that the decision aligns with the administration’s reform agenda and increasing reliance on geospatial intelligence for infrastructure planning, development, and security mapping.

The OSGoF serves as Nigeria’s apex mapping agency, responsible for providing accurate geospatial data and services to support national development.

Tinubu’s legacy road projects equitable – FG

The Federal Government says President Bola Tinubu’s legacy road projects reflect his administration’s commitment to equitable infrastructural development.

The Minister of State for Works, Mr Bello Goronyo stated this on Wednesday in Kaduna at a two-day interactive session on Government-Citizens Engagement organised by the Sir Ahmadu Bello Memorial Foundation.

The legacy projects, according to the minister included the 1,068m kilometre Sokoto–Badagry Superhighway and the 750 kilometre Lagos–Calabar Coastal Highway.

Read Also: Tinubu appoints Olumode Adeyemi as new FFS boss

The other are, the 477 kilometre Trans-Saharan Highway traversing Calabar, Ebonyi, Kogi, Benue, Nasarawa, and the FCT, and the 422 kilometre Akwanga–Jos–Bauchi–Gombe Expressway.

Goronyo explained that the projects were designed to connect states; enhance national integration; and unlock new economic corridors.

 He said four reputable construction firms are handling the Sokoto–Zaria road, with reinforced concrete to ensure durability and longevity.

(NAN)

Tinubu appoints Olumode Adeyemi as new FFS boss

President Bola Tinubu has approved the appointment of Deputy Controller-General (DCG)  Olumode Adeyemi, as the new Federal Fire Service (FFS) Controller-General (CG).

The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary to the Civil, Defence, Correctional, Fire and Immigration Services Board (CDCFIB).

Jubril said that the appointment followed the retirement of the current CG, Abdulganiyu Jaji on Aug.13.

The board while appreciating Jaji’s dedication and commitment to service, Jubril added that Jaji will be retiring upon attaining the age of 60 on Aug.13

Read Also: Tinubu promises to address diaspora issues

He further said that the new CG was qualified having attended and passed all mandatory in-service trainings, command course as well as other courses within and outside the country.

“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.

“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria (ANAN).

“Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria,” he said.

(NAN)

NNPCL resumes oil drilling at Kolmani field in Northern Nigeria — Gov Inuwa

The Nigerian National Petroleum Company Limited (NNPC Ltd) has resumed crude oil drilling activities at the Kolmani oil field, located along the boundary between Bauchi and Gombe states. This was revealed by Gombe State Governor, Inuwa Yahaya, during a two-day interactive session in Kaduna.

The forum, held at Arewa House and organized by the Ahmadu Bello Memorial Foundation, was aimed at evaluating the performance of President Bola Ahmed Tinubu’s administration in Northern Nigeria during its first year in office.

Speaking at the event, Governor Yahaya highlighted that oil companies have returned to site after a period of lengthy negotiations involving the National Security Adviser. He expressed confidence that visible progress will be seen as early as next week.

Governor Yahaya recounted how President Tinubu, then a presidential candidate, was not initially invited to the Kolmani drilling flag-off in 2022 under former President Muhammadu Buhari’s administration. However, Yahaya said he personally pushed for Tinubu’s inclusion at the event through the APC leadership.

Read Also: We’re not selling employment slots, NNPCL warns applicants

“I personally invited President Tinubu to the event, and he said he would continue the project where the Buhari administration stopped. He fulfilled that promise,” the governor stated.

The NNPCL had first announced the discovery of hydrocarbon deposits in the Kolmani River II Well in October 2019. This discovery, made in the Upper Benue Trough, Gongola Basin, marked the first successful oil exploration in Northern Nigeria.

NNPCL resumes oil drilling at Kolmani field in Northern Nigeria — Gov Inuwa

Drilling at Kolmani officially began in 2022 under President Buhari’s government, with hopes that the project would bring lasting economic transformation to the North.

According to NNPCL, over 1 billion barrels of crude oil and 500 billion cubic feet of gas were discovered in the Kolmani area. The project has already attracted an estimated $3 billion investment, expected to generate massive employment, increase government revenue, and stimulate foreign direct investment.

With drilling now back on track, Northern Nigeria is set to witness a new wave of oil-driven development and infrastructure growth.