Trending News: APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.Reps Promise Strong Safeguards Against Abuse in Proposed State Police System.Senator Faduyile felicitates Ondo Governor’s wife over birthdayNCDC Urges Vigilance as Lassa Fever Cases Rise Across Four States.Court Affirms Teachers’ Retirement Protection, Voids FG’s Eight-Year Director Tenure Policy.INEC Stands by ADC Candidate List as Leadership Dispute Deepens.Sowore Demands Wider Investigation as PFIPC Case Heads to Court.Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.Retaining Shetima as VP reflects Tinubu’s sportmanship- OlabodeExperts Warn AI Could Strengthen Extremist Operations Beyond Propaganda.Atiku Urges Security First Leadership After Oyo Schoolchildren Regain FreedomSenator Faduyile congratulates Rector, Fed Poly, Ile Oluji on birthdayOlabode Omoyele hails rescue of Oyo kidnapped victimsSenator Faduyile hails rescue of Oriire kidnap victims, salutes President Tinubu, Oyo GovernorFrom Ila Orangun to the Rector’s Lodge: The Making of Dr. Ademola Ebeloku at 59FG Pushes Stronger Security Response as Sokoto Deploys N27.1bn Assets.PFIPC Budget Claims Renew Calls for Independent Probe.Intelligence Led Rescue Effort Raises Hope for Abducted Oyo Schoolchildren.FG Begins Legal Framework for State Police as Security Reform Advances.Tinubu Links FCTA Financial Autonomy to Abuja Infrastructure Expansion.Senator Faduyile to Olowo of Owo on his 60th birthday:You are an epitome of royal integritySenator Faduyile congratulates Bibo’ Ajube at 50,says his leadership has engendered growth of Arogbo -Ibe kingdomCourt Preserves Status Quo in Ore Chieftaincy Dispute Pending Final JudgmentNigeria Seeks Justice, Urges Stronger Protection for Citizens in South Africa.Get-together holds to celebrate Senator Faduyile … stakeholders offer suggestions on Ondo South concernSurvivors Begin Recovery After 65 Days in Captivity as Ekiti Rescue Operation Ends.Calls Grow for Independent Probe into Osun Assassination Plot Investigation.Governance Stalls as Leadership Crisis Deepens in Delta CouncilOlabode mourns ex-NAOSS President, Mary Ogunga’s demiseLagos Intensifies School Safety Drive Against Bullying, Cultism and Abuse.Atiku Demands Independent Probe Over Alleged PFIPC Activities.Sowore mourns Mary Ogunga, says young people’s death heart breakingNYSC reforms: Olabode says step in right directionNBA election: Barr. Morebise emerges new chair Okitipupa NBA branchNDC Pushes Ahead With Candidate Nominations Despite Court Dispute.Bayelsa Orders Fresh Traditional Leadership After Swali Security Review.FG Moves to Tackle School Dropout Crisis with Secondary Education Overhaul.WhatsApp Expands Privacy Controls with New Username System.FEC Targets Youth Employability With Major NYSC Reform Package.NANS Demands Action Over Attacks On Nigerians, Threatens Protest Against South African Businesses.44 Days in kidnappers den: do not forget the Oriire abductees, Olabode tells Nigerians  Benue Police Intensify Murder Probe, Arrest 10 Over MACBAN Chairman’s Killing.Sahel Attack Renews Border Security Concerns After ISIS Video Emerges.Integrated Security System Leads To Arrest Of Seven Terror Suspects.FG Moves To Safeguard Voter Data Ahead Of 2027 Elections.Olabode reiterates modern template for state police structureOlabode Omoyele backs State Police creationCAN Issues Fresh Security Guidelines As Kidnapping Fears Grow.Romance Scam Conviction Highlights Growing Online Fraud Risks.State Police Debate Shifts to Funding, Oversight Questions.Olabode to Oyebanji: Your Guber victory is a confirmation of your acceptabilityFaduyile, 3 other Senators take oath of office at SenateOyo Imposes Curfew as Security Concerns Intensify Around National Park.US Sanctions Spotlight Terror Financing Threats Across Borders.State Police Vote Puts Local Security Response in Spotlight.Ondo South Senator -elect receives Certificate of Return, dedicates victory to masses of Ondo SouthIkale Socio-economic development Association (ISEDI) set to launch wealth creation initiativeBenue Government Demands Stronger Apology Over Remarks Against Governor Alia.Ohanaeze Urges Focus On Governance As Political Debate Intensifies.Má Ba Jà Symphony: An Emblem of Regional Unity in South West APCOlabode Omoyele congratulates Prof. FaduyileIkale Heritage Association UK/Ireland congratulates Prof. Dayo Faduyile, OON on Senatorial victoryPrince Kunle Ayeku congratulates Faduyile over Senate bid victoryOlabode charges fathers to sustain love, leadership at homeFaduyile clinches Senate seat with 68,474 votesRt.Hon.Jumoke Akindele, APM Senatorial Candidate, Adeolu Akinwumi express concern over cause of voters low turn outTsiga’s Revelations Renew Calls For Probe Into Bandit Networks.Ekiti Poll Material Discrepancies Raise Questions Over Election Administration.Chris Ayebusiwa lauds INEC over Ondo South by-electionProf.Faduyile casts vote says, process commendableNigerian Diaspora Think Tank Group, NDTT backs Dayo FaduyileOlabode Omoyele urges Ondo South voters to elect FaduyileNIPSS Attack Triggers Sweeping Security Overhaul.Vote-Buying Allegation Puts Election Integrity in Focus Ahead of Ekiti Poll.2027 Rhetoric Raises Fresh Questions About Political Tolerance.Olabode celebrates Taiwo Oyedele on his 50th birthday‎By-election rally :Ondo South stands still for Faduyile as Adelami, Agagu, Kolawole, Oke call for massive votesRevitalization of Olokola blueprint: Olabode commends Gov. AiyedatiwaOsedele gives APC strong pass mark, says Faduyile’s victory is a done dealCash Transfer Drive Expands Financial Inclusion as 110,517 Bauchi Households Enter Federal Support Scheme.Be steadfast in religious work, Olabode tells Muslims as Islamic New Year beginsSouth West needs to take security more seriously – Olabode OmoyelePolytechnic Rector greets Muslim on Islamic New YearDeregistration Ruling Sparks Fresh Debate Over Nigeria’s Multiparty Democracy.Ondo Bets on Jobs, Industry as Dangote Unveils Massive Investment Plan.Nigerian Group in Diaspora elects new Exco members as Femi Ayetiran emerges ChairmanEKITI VOTE: PDP RALLIES BEHIND OLUYEDE AS CAMPAIGN ENDSSecurity Experts Demand Stronger Action As Insecurity Debate Intensifies.Fear Returns As School Attack Disrupts Learning In Chibok Community.Badenoch’s Remarks Renew Focus On Nigeria’s Power Policy Challenge.Abodi congratulates Olofun over presentation of staff of OfficeAiyedatiwa drums support for Faduyile on Ondo South by-electionWarri Dialogue Signals New Push For Lasting Electoral Peace.Ex-Military Chief’s Death Raises Fresh Concerns Over Kidnap Crisis.June 12 represents courage, sacrifice for Democracy- Dr. EbelokuJune 12: Democracy has come to stay, says Olabode OmoyeleProf. Faduyile hails heroes of DemocracyJune 12 Protest Call Gains Momentum Across Civic Groups.
Thu. Jul 16th, 2026
Trending News: APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.Reps Promise Strong Safeguards Against Abuse in Proposed State Police System.Senator Faduyile felicitates Ondo Governor’s wife over birthdayNCDC Urges Vigilance as Lassa Fever Cases Rise Across Four States.Court Affirms Teachers’ Retirement Protection, Voids FG’s Eight-Year Director Tenure Policy.INEC Stands by ADC Candidate List as Leadership Dispute Deepens.Sowore Demands Wider Investigation as PFIPC Case Heads to Court.Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.Retaining Shetima as VP reflects Tinubu’s sportmanship- OlabodeExperts Warn AI Could Strengthen Extremist Operations Beyond Propaganda.Atiku Urges Security First Leadership After Oyo Schoolchildren Regain FreedomSenator Faduyile congratulates Rector, Fed Poly, Ile Oluji on birthdayOlabode Omoyele hails rescue of Oyo kidnapped victimsSenator Faduyile hails rescue of Oriire kidnap victims, salutes President Tinubu, Oyo GovernorFrom Ila Orangun to the Rector’s Lodge: The Making of Dr. Ademola Ebeloku at 59FG Pushes Stronger Security Response as Sokoto Deploys N27.1bn Assets.PFIPC Budget Claims Renew Calls for Independent Probe.Intelligence Led Rescue Effort Raises Hope for Abducted Oyo Schoolchildren.FG Begins Legal Framework for State Police as Security Reform Advances.Tinubu Links FCTA Financial Autonomy to Abuja Infrastructure Expansion.Senator Faduyile to Olowo of Owo on his 60th birthday:You are an epitome of royal integritySenator Faduyile congratulates Bibo’ Ajube at 50,says his leadership has engendered growth of Arogbo -Ibe kingdomCourt Preserves Status Quo in Ore Chieftaincy Dispute Pending Final JudgmentNigeria Seeks Justice, Urges Stronger Protection for Citizens in South Africa.Get-together holds to celebrate Senator Faduyile … stakeholders offer suggestions on Ondo South concernSurvivors Begin Recovery After 65 Days in Captivity as Ekiti Rescue Operation Ends.Calls Grow for Independent Probe into Osun Assassination Plot Investigation.Governance Stalls as Leadership Crisis Deepens in Delta CouncilOlabode mourns ex-NAOSS President, Mary Ogunga’s demiseLagos Intensifies School Safety Drive Against Bullying, Cultism and Abuse.Atiku Demands Independent Probe Over Alleged PFIPC Activities.Sowore mourns Mary Ogunga, says young people’s death heart breakingNYSC reforms: Olabode says step in right directionNBA election: Barr. Morebise emerges new chair Okitipupa NBA branchNDC Pushes Ahead With Candidate Nominations Despite Court Dispute.Bayelsa Orders Fresh Traditional Leadership After Swali Security Review.FG Moves to Tackle School Dropout Crisis with Secondary Education Overhaul.WhatsApp Expands Privacy Controls with New Username System.FEC Targets Youth Employability With Major NYSC Reform Package.NANS Demands Action Over Attacks On Nigerians, Threatens Protest Against South African Businesses.44 Days in kidnappers den: do not forget the Oriire abductees, Olabode tells Nigerians  Benue Police Intensify Murder Probe, Arrest 10 Over MACBAN Chairman’s Killing.Sahel Attack Renews Border Security Concerns After ISIS Video Emerges.Integrated Security System Leads To Arrest Of Seven Terror Suspects.FG Moves To Safeguard Voter Data Ahead Of 2027 Elections.Olabode reiterates modern template for state police structureOlabode Omoyele backs State Police creationCAN Issues Fresh Security Guidelines As Kidnapping Fears Grow.Romance Scam Conviction Highlights Growing Online Fraud Risks.State Police Debate Shifts to Funding, Oversight Questions.Olabode to Oyebanji: Your Guber victory is a confirmation of your acceptabilityFaduyile, 3 other Senators take oath of office at SenateOyo Imposes Curfew as Security Concerns Intensify Around National Park.US Sanctions Spotlight Terror Financing Threats Across Borders.State Police Vote Puts Local Security Response in Spotlight.Ondo South Senator -elect receives Certificate of Return, dedicates victory to masses of Ondo SouthIkale Socio-economic development Association (ISEDI) set to launch wealth creation initiativeBenue Government Demands Stronger Apology Over Remarks Against Governor Alia.Ohanaeze Urges Focus On Governance As Political Debate Intensifies.Má Ba Jà Symphony: An Emblem of Regional Unity in South West APCOlabode Omoyele congratulates Prof. FaduyileIkale Heritage Association UK/Ireland congratulates Prof. Dayo Faduyile, OON on Senatorial victoryPrince Kunle Ayeku congratulates Faduyile over Senate bid victoryOlabode charges fathers to sustain love, leadership at homeFaduyile clinches Senate seat with 68,474 votesRt.Hon.Jumoke Akindele, APM Senatorial Candidate, Adeolu Akinwumi express concern over cause of voters low turn outTsiga’s Revelations Renew Calls For Probe Into Bandit Networks.Ekiti Poll Material Discrepancies Raise Questions Over Election Administration.Chris Ayebusiwa lauds INEC over Ondo South by-electionProf.Faduyile casts vote says, process commendableNigerian Diaspora Think Tank Group, NDTT backs Dayo FaduyileOlabode Omoyele urges Ondo South voters to elect FaduyileNIPSS Attack Triggers Sweeping Security Overhaul.Vote-Buying Allegation Puts Election Integrity in Focus Ahead of Ekiti Poll.2027 Rhetoric Raises Fresh Questions About Political Tolerance.Olabode celebrates Taiwo Oyedele on his 50th birthday‎By-election rally :Ondo South stands still for Faduyile as Adelami, Agagu, Kolawole, Oke call for massive votesRevitalization of Olokola blueprint: Olabode commends Gov. AiyedatiwaOsedele gives APC strong pass mark, says Faduyile’s victory is a done dealCash Transfer Drive Expands Financial Inclusion as 110,517 Bauchi Households Enter Federal Support Scheme.Be steadfast in religious work, Olabode tells Muslims as Islamic New Year beginsSouth West needs to take security more seriously – Olabode OmoyelePolytechnic Rector greets Muslim on Islamic New YearDeregistration Ruling Sparks Fresh Debate Over Nigeria’s Multiparty Democracy.Ondo Bets on Jobs, Industry as Dangote Unveils Massive Investment Plan.Nigerian Group in Diaspora elects new Exco members as Femi Ayetiran emerges ChairmanEKITI VOTE: PDP RALLIES BEHIND OLUYEDE AS CAMPAIGN ENDSSecurity Experts Demand Stronger Action As Insecurity Debate Intensifies.Fear Returns As School Attack Disrupts Learning In Chibok Community.Badenoch’s Remarks Renew Focus On Nigeria’s Power Policy Challenge.Abodi congratulates Olofun over presentation of staff of OfficeAiyedatiwa drums support for Faduyile on Ondo South by-electionWarri Dialogue Signals New Push For Lasting Electoral Peace.Ex-Military Chief’s Death Raises Fresh Concerns Over Kidnap Crisis.June 12 represents courage, sacrifice for Democracy- Dr. EbelokuJune 12: Democracy has come to stay, says Olabode OmoyeleProf. Faduyile hails heroes of DemocracyJune 12 Protest Call Gains Momentum Across Civic Groups.
Thu. Jul 16th, 2026

Third party motor insurance policy now N15,000 from N5000

  • News
  • December 25, 2022
  • 0 Comments

Third party motor insurance policy now N15,000 from N5000

Tamarauemi Ebimini

Private vehicle owners will from January 1, 2023 purchase the compulsory Third Party Motor Insurance policy at N15,000 as against the N5,000 present rate.

Consequently, private vehicle owners are now covered to the tune of N3 million for Third Party Property Damage (TPPD). TPPD means Third Party Property Damage. It is the limit of claims an insured can enjoy on the policy.

This means that the third party’s vehicle would be repaired to the tune of N3 million instead of N1 million.

In the same vein, the premium for staff bus has risen to N20,000 with a TPPD of N3 million; N5 million limit for own goods, with a premium of N20,000.

Commercial vehicles, trucks/general cartage has TPPD limit of N5 million with a premium cost of N100,000; Special types, TPPD limit of N3 million with a premium of N20,000; Tricycle, TPPD limit N2 million with a premium N5000; and Motorcycle, TPPD limit N1 million with a premium of N3000.

The National Insurance Commission (NAICOM) approved the new rates following a series of meetings between the Commission and insurance companies in the country.

The approval was contained in a circular entitled; New Premium Rate for Motor Insurance: numbered: NAICOM/DPR/CIR/46/2022, dated,; December 22, 2022; signed by the Director, Policy and Regulation, NAICOM, Leo Akah for the Commissioner for Insurance Sunday Thomas and sent to all insurance Institutions.

    • admin

    Related Posts

    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.
    • News
    • July 14, 2026
    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.

    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.   As the Adekunle Ajasin University , Akungba Akoko, AAUA, gets new Vice Chancellor, Prof.Tomola Marshal Obamuyi, Ondo South All Progressives Congress,APC stakeholder,…

    Read More
    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode
    • News
    • July 13, 2026
    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode

    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode   An All Progressives Congress chieftain and business magnate, Mr.Olabode Omoyele has saluted President Bola Ahmed Tinubu, describing him as great political…

    Read More

    Leave a Reply

    You Missed

    Video

    APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.

    APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.
    Video

    Reps Promise Strong Safeguards Against Abuse in Proposed State Police System.

    Reps Promise Strong Safeguards Against Abuse in Proposed State Police System.
    Video

    Senator Faduyile felicitates Ondo Governor’s wife over birthday
    Video

    NCDC Urges Vigilance as Lassa Fever Cases Rise Across Four States.

    NCDC Urges Vigilance as Lassa Fever Cases Rise Across Four States.
    Video

    Court Affirms Teachers’ Retirement Protection, Voids FG’s Eight-Year Director Tenure Policy.

    Court Affirms Teachers’ Retirement Protection, Voids FG’s Eight-Year Director Tenure Policy.
    Video

    INEC Stands by ADC Candidate List as Leadership Dispute Deepens.

    INEC Stands by ADC Candidate List as Leadership Dispute Deepens.