General News
How to Provide Total Building Insurance Coverage
Under the Insurance Act 2003, there are provisions for compulsory insurances. One of the areas that fall under this is insurance of storey buildings and buildings under construction. The Act provides that apart from the general insurance cover, that provision be made for the contractors handling the project. In spite of the fact that in every construction work, contractors carry out numerous essential construction tasks and provide a service to all kinds of sectors, adherence to this compulsory provision is yet to be fully complied with in the property industry. The level of skill and organization required in building projects is evident, but as with any business, it is vital to obtain the correct builders insurance. All kinds of building companies need to ensure that they are adequately covered, from self employed tradesmen to large construction firms.
Providing insurance cover for builders can seem confusing, especially for those unfamiliar with the specific jargon used by providers. However complete policies often include plant and tools cover, product, public and employer’s liability, personal accident and income protection, legal expenses, professional indemnity and much more. How you determine building contractors insurance policy may be challenging. This situation is often worsened by the antics of insurance brokers and intermediaries who often add to the difficulty of making choices, among the many options.
Irrespective of what commercial use the building would be put to, shop insurance and business insurance are also part of the insurance requirements that companies need to look into. If you are not the freeholder of the property you will most likely be obliged to pay the building insurance cover on demand. However it would be of interest to check that the rate is competitive, whether it is shop insurance or small business insurance. Unless this is well noted, it is not unlikely for one to pay the wrong rate. Security of the property is of paramount importance as well as insurance for contents within the property. With computer becoming increasingly important in modern business, it is important to protect your data so that the business is not handicapped in anyway. Due to the poor economic performance, most Nigerian cannot afford to rent an office space. This has also brought a situation where more and more businesses are starting from home or being run from home. Thus it is advisable to have adequate cover on your home business insurance.
After a building would have been successfully completed, one of the next insurances that may come pressing is letting insurance. Often time, getting the right information for property insurance may not come handy. Even those with experience in the lettings sector sometimes have difficulty obtaining clear information regarding let property insurance and at times it can be hard to see through the jargon and terminology to gain a good understanding of a policy.
Some of the frequently mentioned product areas are various elements to a good buy or lettings insurance, including loss of rent cover, accidental damage to buildings and contents, malicious damage and property owner’s liability. The right cover needed may vary depending on the kind of property you let, and for what purpose it is used. Letting property can be stressful at times, so finding the right let property insurance for is vital for one’s peace of mind. To make a good bargain, it is important that prospective clients seek professional advice before plugging into any letting insurance. This is without exception to those new to letting and those who have ample experience.
General News
World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.
Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.
Others said the country should reduce dependence on foreign loans and focus on improving local revenue.
The federal government has continued to defend its borrowing plans.
Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.
Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.
General News
Lagos Plans New Cybersecurity Centre

The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.
According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.
The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.
Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.
Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.
The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.
The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.
The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.
General News
LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.
Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.
By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.
Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.
LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.
The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.
For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.
For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.
At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.
According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.
“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”
Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.
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