General News
Non Remittance of Premium to Insurers: Brokers Shift Blame to Govt.
As the battle to reposition insurance continues, with the attendant growing positive image, insurance brokers’ have laid the blame of outstanding non remittance of premiums on the doorsteps of the government. While brokers have been repeatedly blamed by insurers for withholding their premiums even after they have collected from clients, the brokers themselves have broken their silence by returning the accusation baton to both the states and federal government. According to the Mr. Bola Tinubu, managing director of SCIB Insurance brokers, government constitutes a major set back to the growth of the insurance industry by virtue of the huge outstanding premium which it owed the industry. He asserted that rather than blaming brokers, the government should take the blame, stressing that both states and federal government are withholding over 80 per cent of the total outstanding industry premium. He blamed the National Insurance Commission (NAICOM), itself a government body, for not making government to see the urgent needs for these outstanding premiums to be paid. According to the brokers, government has owed the industry the highest outstanding premium over a long time and this has had a huge toll on the growth of the industry. Tinubu who spoke on behalf of the brokers at the 2010 brokers’ forum organized by the Industrial and General insurance plc (IGI), explained that contrary to widely held belief that it was the brokers that held the industry down through non- remittance of premium and for most of the unethical practices going on in the industry, stated that government was the real culprit. While exonerating brokers from these areas of accusation, he identified the major issues under focus as rates cutting, overriding commission, non remittance of premium among others, stating that brokers do not indulge in these malpractices as widely believed in industry circles. Clarifying brokers’ position further, the SCIB boss explained that what insurers have termed rates cutting is actually a bargain to bring down the prices due in line with the desire of clients who prefers the cheapest quotes. He opined that this was rather in order, because as wholesale buyers of insurance whom the insuring public sees as technical experts who are out to get the best bargain for them. According to him, while brokers are accused of rate cutting they do not actually cut the rate rather what they do is as whole sale buyers of insurance is to try to bit down the price to get the cheapest price for their clients who approach them to buy the policy for them as insurance technical experts, He countered that if this is what the underwriters call rate cutting, then they are making a mistake. This he hinged on the fact that the interest of their clients has to be protected as in every other business. Most brokers have also blamed NAICOM for not pushing for the compulsory provision of premium in the annual budget of government and their subsidiaries. Experts opinion however hold that some insurance companies unduly blame brokers and other agencies whereas the bulk of the blame should go to some them who are technically deficient.
General News
NRS Debunks Viral Claim of New Tax on Vehicle

Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.
In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides
According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.
The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.
Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.
He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.
The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.
The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.
General News
NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

Pic credit…soundcloud.com
Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.
The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.
Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.
He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.
He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.
The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.
“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.
The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.
The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.
The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.
It urged Nigerians to respect copyright and purchase books only from authorised sources.
General News
Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings
The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.
The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.
A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.
Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.
Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.
The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.
Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.
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