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Premier League Enters Record-Breaking Season With Nine New Managers

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The 2026-27 Premier League season hasn’t kicked off yet, but it’s already made history: nine clubs will start the campaign under new permanent managers, the highest number ever recorded for an opening weekend in the competition.

The overhaul spans nearly half the league. Liverpool brought in Andoni Iraola after sacking Arne Slot, while Manchester City turned to Enzo Maresca following Pep Guardiola’s departure after a trophy-filled spell. Chelsea appointed Xabi Alonso once Liam Rosenior’s troubled tenure ended, Bournemouth hired Marco Rose after Iraola’s contract expired, and Nottingham Forest brought in Oliver Glasner following Vitor Pereira’s exit.

Crystal Palace named Pierre Sage after Glasner’s departure, Fulham appointed Alvaro Arbeloa once Marco Silva’s deal ran out, and Ipswich Town handed the reins to Gary O’Neil after Kieran McKenna stepped down. Newcastle United rounded out the list, expected to confirm Matthias Jaissle as Eddie Howe’s successor.

The previous record of eight new managers was set in 2016-17 — a summer that saw Guardiola arrive at City and Antonio Conte take over at Chelsea, going on to win the title in his debut season.

A new era begins. Arsenal’s Mikel Arteta, in charge since December 2019, is now the league’s longest-serving manager despite fewer than seven years at the helm. For the first time since 1985-86, the division starts without Sir Alex Ferguson, Arsene Wenger, Jose Mourinho, Jurgen Klopp, or Guardiola in a dugout — a group that combined for 26 of the league’s 34 titles and shaped the sport across generations.

Testing the “new manager bounce.” Opening weekend features three fixtures pitting newly appointed managers against each other — Fulham vs Chelsea, Manchester City vs Bournemouth, and Newcastle vs Liverpool — while Iraola’s first six matches in charge of Liverpool will all come against sides led by new permanent bosses.

No guarantees. History suggests fresh appointments don’t always deliver results. Last season alone saw 11 managerial changes across the league, with Forest cycling

Labour Gives Federal Government August 11 Deadline To Pay Wage Arrears, Implement 40% Allowance

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The Joint National Public Service Negotiating Council (JNPSNC), Trade Union Side, has issued the Federal Government an August 11 deadline to resolve outstanding welfare issues affecting federal workers, warning that further delays could trigger industrial unrest.

The council called on the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to urgently convene a meeting to address the non-payment of two months’ wage awards and the delayed implementation of the approved 40 per cent peculiar allowance for eligible federal public servants.

In a letter signed by the council’s National Secretary, Gbenga Olowoyo, on behalf of the National Chairman, Benjamin Yanto, the union expressed disappointment that two previous letters sent to the ministry on the matter had gone unanswered.

According to the union, the proposed meeting is intended to find a peaceful resolution to the outstanding welfare issues before tensions escalate.

“The national leadership expects that this meeting will help to address the above-stated outstanding issues to prevent palpable disquiet and the brewing industrial crisis,” the council stated.

The JNPSNC said its demands focus on two unresolved matters: the implementation of the 40 per cent peculiar allowance approved by the National Salaries, Incomes and Wages Commission (NSIWC) and the payment of wage awards for March and April 2026.

The union recalled that the NSIWC approved the allowance through a circular signed by its Executive Chairman, Eyo Nta, with effect from May 1, 2026. However, it noted that the directive has yet to be implemented across the federal public service.

It also maintained that the wage awards for March and April should have been paid alongside workers’ salaries for those months.

According to the council, its first letter requesting payment of the outstanding wage awards was sent on May 5, 2026, while a follow-up letter dated July 9 sought both implementation of the peculiar allowance and payment of the outstanding arrears.

“To the surprise of the national leadership, none of the letters was responded to, let alone addressing the sensitive issues raised therein,” the letter added.

The union alleged that the prolonged silence from the Finance Ministry had heightened concerns among workers and accused the ministry of failing to direct the Office of the Accountant-General of the Federation to implement the approved payments.

“It is informative to add that the entire public servants have viewed the silence of the Minister of Finance since his resumption as minister as a surreptitious and clandestine way of compromising the necessary essence of directing the Accountant General of the Federation to effect the full payment of the two months’ outstanding wage award and the implementation of the circular on the 40 per cent peculiar allowance effective May 1, 2026,” the council stated.

The JNPSNC warned that its latest appeal was a proactive effort to prevent industrial action if the unresolved issues remain unattended.

“This request should be seen as a proactive approach from the national leadership to avert drastic actions from workers due to your insensitive silence to our two previous letters,” it said.

The council explained that the Federal Government introduced the temporary monthly wage award after the removal of fuel subsidy in 2023 as part of an agreement with organised labour pending the implementation of a new national minimum wage.

Although the government paid the wage award for several months, labour unions have continued to demand settlement of the outstanding payments for March and April 2026, alongside full implementation of the 40 per cent peculiar allowance across all Ministries, Departments and Agencies (MDAs).

CBN Injects ₦3.43bn As Cash Circulation Hits ₦5.73tn

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Nigeria’s currency in circulation increased to ₦5.73 trillion in 2025 after the Central Bank of Nigeria (CBN) released 3.43 billion newly printed naira notes into the economy to meet rising cash demand, according to the apex bank’s latest Annual Report.

The report revealed that currency in circulation (CIC) rose by ₦290 billion, up from ₦5.44 trillion recorded in 2024.

According to the CBN, the new currency notes were printed by the Nigerian Security Printing and Minting Company (NSPM) Plc alongside foreign security printing firms.

Of the 3.43 billion notes produced during the year, the NSPM supplied 1.23 billion, while foreign printers delivered 2.20 billion, accounting for the larger share of total production.

To satisfy increasing demand for physical cash, the CBN approved the printing of 5.70 billion notes across different denominations in 2025, compared to 4.73 billion approved in 2024, representing a 20.5 per cent increase.

Under the production plan, the NSPM was assigned 2.0 billion notes, representing 35 per cent of the approved volume, while foreign security printers were responsible for the remaining 65 per cent.

Despite the increased printing programme, the report showed that not all approved orders had been completed by the end of the year.

It disclosed that a supplementary order for 1.50 billion notes, awarded to foreign printers in November 2025, was still being processed as of December 31, 2025.

The report also revealed that the NSPM had yet to deliver 760.76 million notes, representing about 38 per cent of its allocated production target.

The CBN attributed the rise in currency circulation to increased economic activities and stronger demand for cash transactions across the country.

According to the report, the growing need for cash required a corresponding increase in currency production to ensure sufficient supply and support the nation’s payment system.

PFIPC Boss Denies Acting Alone, Says Government Agencies Recognised And Supported Council

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The detained Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC), Prince Adeniyi Matthew Adeyemi, has denied claims that he single-handedly established and operated the council, insisting that several key government institutions officially recognised and supported its activities before the Presidency later disowned it.

Through his legal team, led by Festus Akhigbe, Adeyemi described attempts to portray him as the sole mastermind behind the council as misleading, arguing that the PFIPC’s operations involved multiple federal agencies.

His response comes as the House of Representatives and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) continue investigations into the legality of the council, which the Presidency has declared was never established by any law, executive order or presidential directive.

In a statement issued on Sunday, Adeyemi appealed to the House of Representatives ad hoc committee investigating the matter to allow him personally appear before lawmakers, insisting that any report compiled without his testimony would be incomplete.

According to him, the PFIPC functioned with the knowledge and participation of several government institutions rather than operating independently.

His lawyers claimed that the Office of the Secretary to the Government of the Federation acknowledged official documents relating to the council and facilitated the allocation of office space within the Federal Secretariat.

They further alleged that the Office of the Accountant-General of the Federation and the Central Bank of Nigeria acted on official correspondence by assigning budget codes, granting self-accounting status, deploying civil servants to the council and opening operational bank accounts.

The legal team also stated that the Office of the Head of the Civil Service of the Federation approved the council’s organisational structure and granted recruitment waivers that enabled the employment of 314 personnel.

According to the statement, the Budget Office of the Federation and the National Assembly also processed documents that resulted in the inclusion of ₦1.302 billion for the PFIPC in the 2026 Appropriation Act, which was later signed into law by President Bola Tinubu.

The lawyers further alleged that the Economic and Financial Crimes Commission (EFCC) provided office accommodation for the council, requested a ₦300 million processing consideration and later presented a plaque of recognition to its leadership.

Questioning allegations that Adeyemi alone created the council, the legal team asked:

“If these documents were crude forgeries, how did the central administrative engine of the Federal Government act upon them?”

They added:

“It is an administrative impossibility for an unassisted individual to mislead multiple agencies of the Federal Government.”

The lawyers argued that their client was being unfairly blamed for broader institutional shortcomings within the federal system.

“Our client is being made a scapegoat to cover up deep-seated institutional lapses, procedural breakdowns and internal approvals within the government structure,” the statement said.

They urged the House committee, chaired by Rep. Yusuf Gagdi, to permit Adeyemi to testify before concluding its investigation.

“Any investigative outcome or final legislative report produced without affording our client a direct hearing would be fundamentally flawed, incomplete and a breach of the constitutional right to fair hearing (audi alteram partem),” the lawyers stated.

“To reach a definitive conclusion, the committee must examine not only institutional witnesses but also the primary subject at the centre of this controversy.”

The controversy surrounding the PFIPC escalated after the Presidency distanced itself from the council, stating that it had no legal backing despite operating publicly as a federal agency.

Before being disowned, the council reportedly operated from the Federal Secretariat in Abuja, engaged government institutions and foreign investors, and secured about ₦1.3 billion in the 2026 national budget.

The Presidency subsequently directed the ICPC to investigate the council’s establishment, funding and operations, while the House of Representatives launched a separate probe to determine how it obtained official recognition and budgetary allocation despite allegedly lacking legal status.

During the legislative investigation, the Director-General of the Budget Office, Tanimu Yakubu, told lawmakers that the Budget Office merely processed submissions based on existing administrative records and did not establish the PFIPC.

The ongoing investigations are expected to determine how the council operated within the federal system and whether any public officials who facilitated its activities will face accountability.

Iran Denies Holding Fresh Talks With US After Trump Announces New Negotiations

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Iran has dismissed claims by United States President Donald Trump that fresh negotiations between both countries are underway, insisting that no discussions are currently taking place with Washington despite the President’s announcement of renewed diplomatic efforts to end the ongoing conflict.

The clarification came from Iran’s Foreign Ministry after Trump revealed that he had postponed new military strikes against the Islamic Republic to create room for diplomacy, a pattern that has repeatedly emerged throughout the conflict.

The United States and Iran have remained at war since February 28, when the US and Israel launched coordinated strikes against Iran. While intermittent diplomatic engagements have occasionally eased tensions, the conflict has continued into its sixth month.

Last week, Trump warned that Iran could face severe military action, with reports indicating that Washington was considering renewed attacks, including strikes targeting energy infrastructure.

However, the US President softened his position over the weekend, saying the conditions for a possible agreement had begun to emerge.

Despite Trump’s announcement, Iran’s Foreign Ministry rejected the suggestion that negotiations with Washington had resumed.

“We are not currently negotiating with the United States. Our negotiations are with Oman to secure passage through the Strait of Hormuz,” foreign ministry spokesman Esmaeil Baqaei said during a weekly press briefing.

Strait of Hormuz Remains Central Issue

The Strait of Hormuz remains one of the biggest obstacles to ending the conflict. Iran has tightened control over the strategic shipping lane and has reportedly targeted commercial vessels attempting to pass through it.

Before the outbreak of hostilities, international shipping moved freely through the waterway. However, Iran now insists on maintaining control of the route and collecting transit fees, a position strongly opposed by the United States.

Tehran has also refused to permit ships to use any alternative route except one that closely follows the Iranian coastline.

Speaking on Sunday, Baqaei disclosed that Iran was close to reaching an agreement with Oman, which shares the strategic waterway, on a mutually acceptable shipping route.

“We are now going to reach an understanding on a route acceptable to both sides neither the northern route nor the southern route — but one that respects the sovereign rights of both sides and safeguards our national interests and security,” he said.

He stressed, however, that such an agreement should not be interpreted as a reopening of the Strait of Hormuz.

Trump Announces Planned Talks

Meanwhile, Trump told reporters aboard Air Force One that new negotiations with Iran would begin on Monday, focusing on the Strait of Hormuz and eventually addressing Iran’s nuclear programme.

“Now what we’re doing is we’re talking to them in the form of a negotiation. It begins tomorrow afternoon,” Trump said, although he did not reveal where the talks would take place or who would participate.

The US President also claimed that Iran, alongside Saudi Arabia, the United Arab Emirates and Qatar, had urged him to delay further military action, describing the cancelled operation as one that would have been “the biggest attack since World War II.”

Iranian state media rejected Trump’s assertion, insisting that Tehran never requested him to halt planned strikes.

Trump has repeatedly maintained that a peace agreement is within reach, although previous ceasefire efforts have collapsed, allowing hostilities to resume.

One such agreement reached last month included plans to reopen the Strait of Hormuz for commercial shipping, but the arrangement eventually failed.

Iran Says Dialogue Continues Through Mediators

Iranian lawmaker Hassan Ghashghavi, spokesperson for the parliament’s National Security Commission, said mediators are still working to revive the memorandum of understanding reached between Iran and the United States in June.

Although the memorandum was never intended to serve as a final peace agreement, it was designed to lay the groundwork for broader negotiations, including arrangements concerning the Strait of Hormuz.

“They know that the main issue and, in fact, the key to the matter right now is the issue of the Strait of Hormuz, so yes, there is an exchange of views,” Ghashghavi said.

Iranian President Masoud Pezeshkian also reiterated Tehran’s position in a post on X.

“We must strive to compel the enemy to remain committed to what it has signed.”

Meanwhile, maritime security concerns remain high after a tanker sailing near the coast of Oman reported hearing an explosion close to the vessel on Sunday. The United Kingdom Maritime Trade Operations (UKMTO) Centre confirmed that both the ship and its crew remained safe.

Ceuta Migrant Crisis Death Toll Climbs To 72

The death toll from last week’s mass migrant surge into the Spanish enclave of Ceuta has risen to at least 72, after five more bodies were recovered along Morocco’s coast on Sunday, a figure significantly higher than what Moroccan authorities have reported.

More than 50,000 people crossed into Ceuta by land and sea starting Thursday, in an unprecedented rush at one of the EU’s only two land borders with Africa. Spanish authorities said over 48,000 returned to Morocco within 48 hours, with more following over the weekend. Spain’s government representative in Ceuta, Miguel Angel Perez, said more than 1,000 people received medical treatment, adding that conditions in the enclave have improved but full normality hasn’t yet returned.

Many migrants drowned or were crushed attempting to scale a breakwater and border fence, driven largely by economic hardship and rumours circulating on social media. Morocco’s Interior Ministry, however, put its own death toll at just 11 mostly drownings and said it was still verifying reports of additional deaths on the Spanish side. Rabat blamed the surge on online misinformation, trafficking networks, and confusion over a Spanish court ruling barring immediate returns of migrants intercepted at sea, echoing similar comments from Spain’s Foreign Ministry. Moroccan officials also estimated only 40,000 people were involved in the crossing far below Spain’s count and said 1,135 additional people were stopped attempting to enter Melilla, Spain’s other North African enclave.

Ceuta’s leader, Juan Jesus Vivas, told El Pais the local morgue has received 88 bodies in total, including victims from smaller, earlier crossing attempts made during hazardous night swims over the past two weeks. He said Moroccan authorities are also pulling bodies from the sea, though no official figures have been shared from that side.

One Ceuta resident, Karima Abenaz, a French national with family in Morocco, said it was heartbreaking to see young people and mothers with infants dying at sea over lack of opportunity, insisting people should demand change from their government rather than risk their lives crossing.

In response, Spain has reinforced police and military patrols and installed a 500-metre floating barrier off the coast. Twenty-two EU member states have jointly called for coordinated border protection measures, and Italy has suspended passport-free Schengen travel with Spain for one month. Spain, which has taken a more open migration stance than most EU peers including a program granting residency to over half a million undocumented people has rejected claims that the policy encouraged the Ceuta rush, noting that those who entered irregularly cannot travel onward into mainland Spain or the rest of the Schengen area.

Abducted Kebbi High Court Judge Regains Freedom After A Week In Captivity

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Justice Faruku Bunza, the Kebbi State High Court judge who was abducted a week ago, has regained his freedom and safely reunited with his family.

The confirmation was made on Monday by the Kebbi State Police Command through its Public Relations Officer, Bashir Usman, who disclosed that the judge’s release had also been verified by his family and the Kebbi State Ministry of Justice.

According to the police, although the abductors demanded a ransom, the Command maintained its firm stance against paying kidnappers.

Security agencies have since intensified efforts to identify and apprehend those behind the abduction, with the police assuring the public that investigations are ongoing and that those responsible will face justice.

The Command also appealed to residents to assist with credible information that could support the investigation, promising that all information provided would be treated with the highest level of confidentiality.

In addition, the police expressed gratitude to members of the public and other security agencies for their cooperation, support and commitment throughout the rescue efforts.

Family Confirms Safe Return

A member of Justice Bunza’s family confirmed to Channels Television that the judge arrived home safely on Monday.

“We are in jubilation and full of gratitude to God for seeing our own return safely from captivity. He was just released and has returned home now after spending one week with the bandits,” the family member said.

The family also thanked everyone who stood by them during the difficult period.

“We sincerely thank and appreciate the Kebbi State Judiciary, the security agencies, and the entire people of Kebbi State who contributed in different ways, offered prayers, and sent messages of sympathy. Your concern and support gave us strength, and we are grateful for your solidarity,” the relative stated.

The source added that details surrounding the judge’s release would be disclosed at a later time.

“Other details of how he was released will be made available later,” he added.

Oil Prices Tumble Nearly 5% On Fresh US-Iran Talks

Global oil prices fell by nearly five per cent during early trading in Asia on Monday after US President Donald Trump announced a new round of negotiations with Iran aimed at ending the ongoing Middle East conflict and reopening the Strait of Hormuz.

The conflict, which began in late February following attacks on Iran by the United States and Israel, has triggered significant volatility in the oil market after disrupting traffic through the Strait of Hormuz, a critical shipping route for global oil and gas exports.

As of about 2250 GMT on Sunday, Brent North Sea crude, the international benchmark for September delivery, dropped 4.69 per cent to $83.81 per barrel.

Meanwhile, West Texas Intermediate (WTI), the US benchmark, declined 4.67 per cent to $80.72 per barrel.

President Trump said on Sunday that discussions with Iran would resume on Monday after the United States decided to suspend planned large-scale military strikes in favour of diplomatic engagement.

“Now what we’re doing is we’re talking to them in the form of a negotiation. It begins tomorrow afternoon,” he said, without providing further details of the venue of the talks or the participants.

The announcement came just hours after the United States halted its planned military action against Iran.

On Sunday, Iranian officials also disclosed that the country was close to reaching an agreement with Oman on establishing a new maritime route through the Strait of Hormuz.

The renewed diplomatic efforts have raised hopes of easing tensions in the region and restoring normal shipping operations through one of the world’s most strategic energy corridors.

Trump Announces Fresh Iran Talks As US Seeks Deal To End War And Resolve Strait Of Hormuz Dispute

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US President Donald Trump has announced that a new round of negotiations with Iran will begin on Monday after deciding against launching fresh military strikes, opting instead to pursue a diplomatic solution to end the ongoing conflict, now in its sixth month.

Speaking to reporters on Sunday, Trump said the discussions would focus on the Strait of Hormuz—a critical global energy corridor that has become a major point of contention in the conflict—as well as Iran’s nuclear programme.

Meanwhile, Iran revealed that it is close to reaching an agreement with Oman on a new maritime route through the Strait of Hormuz. The announcement came as reports emerged of an explosion near a tanker in the strategic waterway, highlighting the continued security risks in the region.

Following Trump’s remarks, global oil prices declined sharply during the opening of Asian trading on Monday. West Texas Intermediate (WTI) crude fell by 4.7 per cent to $80.72 per barrel.

The conflict between Washington and Tehran began on February 28 when the United States and Israel launched coordinated strikes against Iran. Although diplomatic efforts have produced temporary periods of calm, renewed military exchanges in recent weeks have raised fears of further escalation.

Trump had earlier warned that Iran could face severe military action and was reportedly considering strikes on strategic facilities, including energy infrastructure. However, he announced on Saturday that he had decided to suspend those plans, saying the framework for a diplomatic agreement was beginning to take shape.

“Now what we’re doing is we’re talking to them in the form of a negotiation. It begins tomorrow afternoon,” Trump said while speaking aboard Air Force One, although he did not disclose the location of the talks or those expected to participate.

The US president also claimed that Iran, along with regional allies Saudi Arabia, the United Arab Emirates and Qatar, urged him to avoid military action, which he described as potentially “the biggest attack since World War II.”

Iranian state media, however, denied that Tehran had requested the United States to refrain from launching strikes.

A previous ceasefire arrangement that included reopening the Strait of Hormuz eventually collapsed, with Iran tightening its control over the waterway afterward.

Trump has consistently maintained that the conflict is aimed at addressing Iran’s nuclear ambitions. While Western governments accuse Tehran of pursuing nuclear weapons, Iran insists its nuclear programme is solely for peaceful civilian purposes.

Iran Signals Readiness for Further Negotiations

Hassan Ghashghavi, spokesperson for Iran’s parliamentary national security commission, disclosed on Sunday that mediators are working to revive the memorandum of understanding reached between the United States and Iran in June.

Although the agreement was not intended as a permanent peace settlement, it served as a foundation for broader negotiations and included provisions concerning the Strait of Hormuz.

“They know that the main issue and, in fact, the key to the matter right now is the issue of the Strait of Hormuz, so yes, there is an exchange of views,” Ghashghavi said.

Iranian President Masoud Pezeshkian also stressed the need to ensure all parties honour their commitments.

“We must strive to compel the enemy to remain committed to what it has signed.”

Oman Route Proposal Near Completion

Before the conflict, commercial vessels enjoyed unrestricted access through the Strait of Hormuz. However, Iran later imposed restrictions and insisted that ships use routes under its control while charging transit fees—an arrangement rejected by the United States.

The disagreement over shipping access contributed to renewed military tensions after Tehran refused to permit vessels to use routes outside those bordering its coastline.

Iran’s Foreign Ministry spokesperson, Esmaeil Baqaei, said discussions with Oman have progressed significantly toward establishing an alternative route through the strait.

“We are now going to reach an understanding on a route acceptable to both sides — neither the northern route nor the southern route — but one that respects the sovereign rights of both sides and safeguards our national interests and security,” he said.

Despite the progress, Baqaei clarified that the proposed arrangement does not amount to a full reopening of the Strait of Hormuz.

Maritime intelligence firm Kpler recently reported a sharp decline in shipping traffic through the vital waterway.

Adding to concerns, the United Kingdom Maritime Trade Operations (UKMTO) Centre confirmed that a tanker sailing off Oman’s coast reported hearing an explosion nearby on Sunday. The vessel and its crew were reported safe.

Source: AFP

43 Nigerian Insurers Meet New Capital Requirements, Regulator Says

Nigeria’s insurance regulator says 43 insurance and reinsurance companies have satisfied new capital requirements introduced under sweeping industry reforms, marking a key milestone in a recapitalisation drive that has run for more than a year.

The National Insurance Commission (NAICOM) said Sunday that eight additional insurers, which submitted compliance evidence just before the July 31 deadline, are still going through final verification and are expected to be cleared within 14 days.

The regulator said the higher capital thresholds are designed to strengthen insurers’ ability to pay out policyholder claims, absorb emerging risks, and support long-term investment across the economy. The recapitalisation exercise was carried out under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law last year by President Bola Tinubu as part of wider financial sector reforms.

Nigeria had roughly 60 licensed insurance and reinsurance firms before the exercise began. Under the new framework, companies must now hold minimum capital based on their business type — 15 billion naira ($11.02 million) for life insurers, 25 billion naira for non-life insurers, and 45 billion naira for reinsurers.

NAICOM called the outcome a defining moment in the transformation of Nigeria’s insurance sector. The industry has long struggled with low penetration and limited capital reserves, which has restricted local insurers’ capacity to retain large risks in sectors like oil and gas, aviation, and infrastructure. The regulator did not disclose the total capital raised during the exercise.