₦airaland Forum

Instances of plagiarism were identified in my article.

https://www.nairaland.com/8703692/ngx-paradox-reform-impressed-nigeriabut

pluto09:
https://businessday.ng/opinion/article/the-flawed-logic-behind-ftse-russells-decision-on-nigeria/

*NAICOM just dropped a serious warning to insurance companies* 📢

*The directive*
NAICOM says: *"Companies with outstanding claims will not be relicensed"* under the ongoing recapitalisation exercise.

They sent a letter titled _“Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing Pursuant to the Ongoing Recapitalization Exercise”_ to all MDs/CEOs.

*Key points from NAICOM:*
1. *Mandatory settlement*: All insurance companies must _fully settle all outstanding duly discharged claims_
2. *Deadline for report*: Submit a report of reconciled claims signed by MD/CEO + evidence of payment *on or before 21st July 2026*
3. *Re-licensing condition*: Compliance is _a critical regulatory criterion for eligibility, confirmation, and re-licensing_ after the recapitalisation exercise.

*Why this matters now*
The *recapitalisation deadline is July 31, 2026*. Under the Nigerian Insurance Industry Reform Act 2025 NIIRA 2025, new minimum capital is:
- *Life insurers*: ₦10bn, up from ₦2bn
- *Non-life insurers*: ₦15bn, up from ₦3bn
- *Reinsurers*: ₦35bn, up from ₦10bn.

NAICOM has also said *no extension* will be granted — "it is the law". Any company that fails will face liquidation, merger, or other regulatory action.

*The bigger picture*
NAICOM is trying to fix the "trust gap". For years people complained that insurers collect premiums but delay/fail to pay claims. Now they’re saying: _clear your claims first, then we’ll talk recapitalisation_.

Commissioner Olusegun Omosehin said by July 30, 2026 Nigerians will see "new insurance companies that have met the requirements, are stronger, better managed, and have the financial capacity to meet their obligations".

Analysts expect mergers and acquisitions to spike as smaller firms struggle. Some companies are already dropping business lines to survive.

*What this means for policyholders*
Good news: If your claim was "discharged" but unpaid, the insurer now has until July 21, 2026 to pay you or risk losing their license.
Also, there’s now an *Insurance Policyholders Protection Fund* — like NDIC for banks — to pay claims even if a firm becomes insolvent.

NAICOM is basically saying: no more running away with people’s money.

https://www.youtube.com/watch?v=BTt7o-TJxNg?si=7W43MLISV-i_ewmY

Walked through technical and fundamental analysis for Ecobank Trans International (ETI) and Lasaco Assurance in this video

ROYALEX Steadies as Insurance Sector Seeks Recovery

Royal Exchange Plc remains one of Nigeria's oldest composite insurers, operating across life, general, and health insurance lines amid a challenging macroeconomic environment defined by persistent naira weakness, elevated inflation, and compressed consumer purchasing power.

https://ewnation.com/royalex-steadies-as-insurance-sector-seeks-recovery/

Not financial advice.

ZICHIS Agro Allied Gains from Nigeria’s Food Push

Zichis Agro Allied Industries Limited operates within one of Nigeria's most strategically prioritised sectors, as the federal government continues to push import substitution and domestic food production to ease chronic food inflation that has kept headline CPI elevated above 30%.

https://ewnation.com/zichis-agro-allied-gains-from-nigeria-s-food-push/

Not financial advice.

essentialone:
*NAICOM just dropped a serious warning to insurance companies* 📢

*The directive*
NAICOM says: *"Companies with outstanding claims will not be relicensed"* under the ongoing recapitalisation exercise.

They sent a letter titled _“Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing Pursuant to the Ongoing Recapitalization Exercise”_ to all MDs/CEOs.

*Key points from NAICOM:*
1. *Mandatory settlement*: All insurance companies must _fully settle all outstanding duly discharged claims_
2. *Deadline for report*: Submit a report of reconciled claims signed by MD/CEO + evidence of payment *on or before 21st July 2026*
3. *Re-licensing condition*: Compliance is _a critical regulatory criterion for eligibility, confirmation, and re-licensing_ after the recapitalisation exercise.

*Why this matters now*
The *recapitalisation deadline is July 31, 2026*. Under the Nigerian Insurance Industry Reform Act 2025 NIIRA 2025, new minimum capital is:
- *Life insurers*: ₦10bn, up from ₦2bn
- *Non-life insurers*: ₦15bn, up from ₦3bn
- *Reinsurers*: ₦35bn, up from ₦10bn.

NAICOM has also said *no extension* will be granted — "it is the law". Any company that fails will face liquidation, merger, or other regulatory action.

*The bigger picture*
NAICOM is trying to fix the "trust gap". For years people complained that insurers collect premiums but delay/fail to pay claims. Now they’re saying: _clear your claims first, then we’ll talk recapitalisation_.

Commissioner Olusegun Omosehin said by July 30, 2026 Nigerians will see "new insurance companies that have met the requirements, are stronger, better managed, and have the financial capacity to meet their obligations".

Analysts expect mergers and acquisitions to spike as smaller firms struggle. Some companies are already dropping business lines to survive.

*What this means for policyholders*
Good news: If your claim was "discharged" but unpaid, the insurer now has until July 21, 2026 to pay you or risk losing their license.
Also, there’s now an *Insurance Policyholders Protection Fund* — like NDIC for banks — to pay claims even if a firm becomes insolvent.

NAICOM is basically saying: no more running away with people’s money.

Insurance scam should be ended once and for all...

searchng4love:
Insurance scam should be ended once and for all...

Smiles.

Ding

People, come and invest oh:

https://www.nairaland.com/8705523/national-reading-culture-nrc-crashes

Agba, you go like put your money here instead of keeping it under your pillow before your expected bear comes.

PDP na saint compared to some parties

leo1234:
When you want to kill a dog, you first give it a bad name.

Nigerians are suffering the consequences of their decision. PDP was the lesser evil.

WHAT WILL THE MARKET DO TODAY
The market recovery is likely to continue. We are watching our behind the scene fundamentals, although the fundamentals are not strong, but as long as big money continue to buy stocks, the market has no option but to continue to be bullish.

What I love about this our behind the scene fundamentals is that it tells you when to be a heavy buyer and when to slow down in buying. The only caveat here is that what we buy must have a little bit of the fundamentals the majority are used to. For example, after suffering some losses in the past I will not bother my head if Thomaswyat/Omatek are gaining 10% everyday (all I will do is wish the buyers goodluck)

presiade:
People, come and invest oh:

https://www.nairaland.com/8705523/national-reading-culture-nrc-crashes

Agba, you go like put your money here instead of keeping it under your pillow before your expected bear comes.

Nothing wey dem no go use do Ponzi for this country. These boys are now smart and using state apparatus to legitimise their hustle Lol. This one was said to be advertised on NTA. CIBEX also used EFCC

How many of the current APC members were never once a PDP member?

megawealth01:
PDP na saint compared to some parties

Royalex is not an insurance firm.

PuristForest:
ROYALEX Steadies as Insurance Sector Seeks Recovery

Royal Exchange Plc remains one of Nigeria's oldest composite insurers, operating across life, general, and health insurance lines amid a challenging macroeconomic environment defined by persistent naira weakness, elevated inflation, and compressed consumer purchasing power.

https://ewnation.com/royalex-steadies-as-insurance-sector-seeks-recovery/

Not financial advice.

ZICHIS Agro Allied Gains from Nigeria’s Food Push

Zichis Agro Allied Industries Limited operates within one of Nigeria's most strategically prioritised sectors, as the federal government continues to push import substitution and domestic food production to ease chronic food inflation that has kept headline CPI elevated above 30%.

https://ewnation.com/zichis-agro-allied-gains-from-nigeria-s-food-push/

Not financial advice.

When you have mostly greedy and lazy people without critical thinking, you have a ready market for Ponzi schemes.👌

They keep coming and keep cashing out every single time.

Agbalowomeri:
Nothing wey dem no go use do Ponzi for this country. These boys are now smart and using state apparatus to legitimise their hustle Lol. This one was said to be advertised on NTA. CIBEX also used EFCC

Exactly my thought. Nigerians amuse me. What we have is a UNIPARTY of the elites vs. the common man. PDP=APC=ADC=LP=NDC

presiade:
How many of the current APC members were never once a PDP member?

I only mentioned PDP. Check my message again

presiade:
How many of the current APC members were never once a PDP member?

If you mention names of other parties na you sabi

They’ll learn new things nah. Lol 😂

Oasisblue:
Exactly my thought. Nigerians amuse me. What we have is a UNIPARTY of the elites vs. the common man. PDP=APC=ADC=LP=NDC

Access and grave na 5 and 6.
E no sabi green but first to welcome red..lol
WAPCO just dey recover fast

Wale release q1 result this week
I still dey increase my oando with afolabi units. Not fresh fund to portfolio. Na account left over as balance

Make una keep all this politics talk till weekend or take it to the section for it.

Oasisblue:
Exactly my thought. Nigerians amuse me. What we have is a UNIPARTY of the elites vs. the common man. PDP=APC=ADC=LP=NDC

Key Points

Oil prices jumped more than 5% after President Donald Trump said the U.S.-Iran ceasefire was “over.”

His comments came after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

The latest exchange threatens to test a fragile ceasefire reached last month that reopened the strategic waterway after months of disruption.



https://www.cnbc.com/2026/07/08/oil-prices-brent-wti-iran-us-hormuz.html?__source=newsletter%7Cbreakingnews

BARGAIN HUNTERS TAKE NOTE!

No, you should read my comment again and comprehend it.

megawealth01:
I only mentioned PDP. Check my message again

If you mention names of other parties na you sabi

Government of one African nation is operating Ponzi scheme legitimately even the apex bank of that nation give them access abi na accouns

Agbalowomeri:
Nothing wey dem no go use do Ponzi for this country. These boys are now smart and using state apparatus to legitimise their hustle Lol. This one was said to be advertised on NTA. CIBEX also used EFCC

Eagerly waiting for the Q2 results of Seplat, Aradel and Oando. The revenue should be mega!

PETERiCHY:
Key Points

Oil prices jumped more than 5% after President Donald Trump said the U.S.-Iran ceasefire was “over.”

His comments came after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

The latest exchange threatens to test a fragile ceasefire reached last month that reopened the strategic waterway after months of disruption.



https://www.cnbc.com/2026/07/08/oil-prices-brent-wti-iran-us-hormuz.html?__source=newsletter%7Cbreakingnews

BARGAIN HUNTERS TAKE NOTE!

megawealth01:
Government of one African nation is operating Ponzi scheme legitimately even the apex bank of that nation give them access abi na accouns

Mention the name na

presiade:
People, come and invest oh:

https://www.nairaland.com/8705523/national-reading-culture-nrc-crashes

Agba, you go like put your money here instead of keeping it under your pillow before your expected bear comes.

History does not repeat itself.

WOW

presiade:
No, you should read my comment again and comprehend it.

https://oilprice.com/Latest-Energy-News/World-News/Oil-and-LNG-Tankers-Make-U-Turns-After-Fresh-Hormuz-Escalation.html


The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf.

At least four oil and LNG tankers have made U-turns from attempts to transit the Strait of Hormuz in the past 12 hours, vessel-tracking data compiled by Reuters showed early on Wednesday.

The Iranian attacks on three commercial ships on Tuesday, including an oil tanker and an LNG carrier, have prompted some shipowners and operators to pause attempts to transit the Strait of Hormuz as the security situation has sharply deteriorated.

Three empty LNG carriers that were en route to move westward into the Gulf through the Strait of Hormuz turned away from the chokepoint late on Tuesday, according to the data compiled by Reuters from analytics firms Kpler and LSEG. All three LNG carriers were en route to load cargoes at


BARGAIN HUNTERS TAKE NOTE!

We all know so mentioning it isn't needed

mikeapollo:
Mention the name na

aj8:
Zenith: Wema

105:30

3.5:1

Pay close attention to Wema especially if the gap narrows further or else expect Zenith to sharply rise to 120 to maintain 4:1.
Ratios were formulated from their annualized earnings and had been held substantially for months. The lower ratio could point to an improvement in Wema’s Q3 earnings relative to Zenith’s, narrowing the ratio; probably influenced by insider information. A ratio above 4:1 could point in favour of Zenith, maybe an interim dividend or further improvement in her earnings.

But, this your ratio is not reflective on the dividend paid by both companies. Are you postulating that instead of by 1 unit of Zenith bank share, i should buy 3.5 or 4 units of WEMA bank ? Everyone has what works for them, if i have WEMA bank, i will sell it and plunge in everything on Zenith bank.

Not with people who are mostly suffering from short-term memory loss.

ayobama1:
History does not repeat itself.

presiade:
People, come and invest oh:

https://www.nairaland.com/8705523/national-reading-culture-nrc-crashes

Agba, you go like put your money here instead of keeping it under your pillow before your expected bear comes.

They didn't need the money. The person that needed the money don collect the money and closed the site.Na god do the thing for the guyman.They all should look for the next one and play.They are prayer answered to someone