Today’s roundup of major Nigerian newspapers highlights mounting pressure in the insurance sector, political infighting, and rising cybersecurity concerns.
Recapitalisation worries in insurance sector
According to Vanguard, about 12 insurance companies are struggling to meet recapitalisation requirements ahead of the July 31 deadline. The development raises concerns about possible regulatory action and consolidation within the industry if affected firms fail to comply.
Crisis deepens in ADC
The paper also reports a worsening leadership crisis within the African Democratic Congress (ADC), where three rival factions are battling for control. The conflict is described as a high-stakes contest that could shape the party’s future ahead of the 2027 general elections.
FG clarifies FAAC deductions
In another report, the Federal Government insists that deductions made by the Federation Account Allocation Committee (FAAC) are being wrongly portrayed as revenue diversion, pushing back against growing public criticism.
Cyberattacks expose vulnerabilities
The Guardian highlights a surge in sophisticated ransomware attacks targeting government agencies and major financial institutions. The trend is said to expose weaknesses in Nigeria’s rapidly expanding digital infrastructure and raises concerns about national cybersecurity readiness.
APC faces strategy uncertainty
Meanwhile, The Punch reports internal uncertainty within the All Progressives Congress (APC) over its electoral strategy for 2027. Party insiders suggest direct primaries may be used in states where consensus arrangements fail.
Rivers politics heats up
Finally, The Nation focuses on political manoeuvring in Rivers State, where a coalition reportedly led by Nyesom Wike is attempting to rally both ruling and opposition forces behind a single governorship candidate ahead of the next election.
