WCO Policy Session: Adeniyi Showcases Nigeria’s Customs Reforms
By Oluwakemi Kindness Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, has used his first outing as Chairperson of the World Customs Organisation (WCO) Council to spotlight the country’s sweeping customs reforms. According to a statement on Sunday signed by Customs spokesperson, Abdullahi Maiwada, the Customs boss highlighted modernisation gains, faster clearance processes and stronger alignment with […]
PenCom Recovers ₦32.27bn, Sanctions Defaulting Employers
By Oluwakemi Kindness The National Pension Commission (PenCom) has intensified its enforcement campaign on pension compliance, announcing that it has recovered a total of ₦32.27 billion in unremitted pension contributions and penalties from defaulting employers between June 2012 and September 2025. Of this amount, ₦15.87 billion represents outstanding pension contributions, while ₦16.40 billion were recovered […]
PENGASSAN Pushes for State Police to Curb Insecurity
By Chinedu Echianu The Petroleum and Natural Gas Senior Staff Association of Nigeria has reaffirmed its support for the creation of state policing. It describes decentralised policing as essential to addressing the country’s growing insecurity. PENGASSAN President Festus Osifo spoke at the union’s National Executive Council meeting in Abuja, also highlighting unresolved labour issues and economic […]
CBN Slashes Cash Withdrawal Limits in Push Toward Digital Economy
By Oluwakemi Kindenss The Central Bank of Nigeria (CBN) has announced major changes to cash withdrawals, reducing weekly limits for individuals to N500,000 and for companies to N5 million starting January 1, 2026. In a circular issued on Tuesday December 2nd, 2025 and signed by the director of financial policy and regulation Dr Rita Sike […]
Customs Task Senior Officers on Eliminating Internal Weaknesses
By Oluwakemi Kindness The Comptroller-General of Customs, Adewale Adeniyi, has tasked senior officers of the Nigeria Customs Service (NCS) to confront internal weaknesses slowing down the agency’s efficiency. Speaking in Abuja at the opening of the CGC’s Conference, Adeniyi said the Service must apply the same discipline and coordination that delivered the successful Customs Partnership […]
NAICOM, Partners Launch 2025 Inclusive Insurance Challenge for Underserved Nigerians
By Oluwakemi Kindness The National Insurance Commission (NAICOM) and leading development partners have launched the Inclusive Insurance Innovation Challenge (IIIC) Nigeria 2025 to expand insurance access for underserved communities. NAICOM’s Head of Innovation, Kenneth Aroh, said in a statement that the programme will support innovators with mentorship, regulatory guidance and technical backing to develop inclusive, […]
CBN: Nigeria’s Reserves Rise to $46.7bn, Strongest Since 2018
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday announced that Nigeria’s foreign exchange reserves have risen to the highest level in seven years, reaching $46.7bn as of November 14, 2025, CBN Governor Olayemi Cardoso, represented by the Deputy Governor for Economic Policy, Muhammad Abdullahi, disclosed the figures at an event marking the […]
Tinubu Opens C-PACT Summit, Says Africa Must Dismantle Inefficient Borders
By Oluwakemi Kindness President Bola Tinubu has called on African nations to tear down inefficient borders, harmonise Customs processes and build a unified trade system capable of transforming the continent’s economic future. Speaking through Vice President Kashim Shettima at the maiden Customs Partnership for African Cooperation in Trade (C-PACT) Summit in Abuja, Tinubu said Africa […]
PenCom Reaffirms Commitment to Pension Inclusion for Informal Sector Workers
By Oluwakemi Kindness The National Pension Commission (PenCom) has reaffirmed its commitment to ensuring that every Nigerian, including millions in the informal sector enjoys access to a secure and dignified retirement. Director General of PenCom, Omolola Oloworaran, gave the assurance in Abuja while delivering the keynote address at the Third Annual Conference of the Pension […]
NDIC Now Operating With Stronger Legal Powers — MD
By Oluwakemi Kindness The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Oludare Sunday, says the Corporation is now operating under a much stronger legal framework. The framework empowers it to effectively liquidate failed banks and hold those responsible for their collapse fully accountable. Sunday gave the assurance when he received the […]