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 […]
Federal Government Urged to Extend 15% Fuel Import Duty Timeline
By Oluwakemi Kindness| As Nigeria moves to implement a 15% import duty on petrol and diesel by November 21, energy analyst Olatide, Jeremiah, CEO of PetroleumPrice.ng, has called on the Federal Government to slow down and ease the burden on citizens. Jeremiah warned that rushing the policy could worsen inflation and push the pump price […]
Electric Vehicle Transition Bill Scales Second Reading in Senate
By Anayo Akwitti The Nigerian Senate has passed for second reading the Electric Vehicle Transition and Green Mobility Bill, 2025, sponsored by Senator Orji Uzor Kalu (Abia North). The Bill is aimed at creating a national framework to drive Nigeria’s shift to electric vehicles (EVs), promote local manufacturing, and enhance environmental sustainability. The proposed legislation, […]
Nigeria’s Non-Interest Capital Market Hits ₦1.6 Trillion, Says SEC DG Agama
By Oluwakemi Kindness Nigeria’s non-interest capital market has grown to a valuation exceeding ₦1.6 trillion, signaling its expanding role in promoting financial inclusion and driving infrastructure development across the country. The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this at the 7th African International Conference on Islamic Finance (AICIF) 2025, […]
PenCom, NAICOM Enforce Stricter Compliance with Pension and Insurance Laws
By Oluwakemi Kindness The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have jointly issued a directive mandating full compliance with Nigeria’s pension and insurance regulations across the insurance industry and its value chain. The directive, contained in a Joint Circular on Wednesday signed by Abdulrahaman Muhammad Saleem, Director of Surveillance at PenCom, […]
FG Backs NIIRA 2025 Implementation, Sets July 2026 Recapitalization Deadline
By Oluwakemi Kindness The Federal Government has reaffirmed its commitment to the full implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, as part of sweeping reforms to reposition Nigeria’s insurance sector for growth, innovation, and global competitiveness. Declaring open the 2025 Insurance Directors’ Conference in Lagos on Wednesday, the Minister of State for […]
Nigeria, Ghana Step Up Joint Fight Against Smuggling
By Oluwakemi Kindness Nigeria and Ghana have agreed to strengthen their collaboration to stop illicit activities and improve cross-border trade under the African Continental Free Trade Area (AfCFTA). The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, made this known during a visit to the Commissioner-General of Ghana’s Customs Division, Brigadier General Glover Annan, […]
Unemployment: Forty One Thousand Youths Under-Going Skill Acquisition Training
By Chinedu Echianu The Director-General of the National Directorate of Employment (NDE), Silas Ali Agara, has reaffirmed the agency’s commitment to tackling unemployment and reducing poverty across Nigeria through innovative skill acquisition and empowerment programmes. Agara made this known in a goodwill message delivered at the Annual Conference of the Labour Correspondents’ Association of Nigeria […]
NLC Seeks 50% Access to Pension Savings
By Oluwakemi Kindness The Nigeria Labour Congress (NLC) has called for a major review of Nigeria’s pension policy to allow workers access up to 50 percent of their Retirement Savings Account (RSA) balance before retirement. NLC President, Comrade Joe Ajaero, made the call in Abuja on Thursday during an interactive session with the National Pension […]
SEC DG Says Trust is the Foundation of Digital Finance
By Oluwakemi Kindness Director-General of the Securities and Exchange Commission (SEC) Nigeria, Emomotimi Agama, has reaffirmed that trust remains the ultimate currency in digital finance, underscoring the Commission’s commitment to balancing innovation with investor protection. Delivering a keynote address at the 2025 Abuja Journalists Academy, Agama described digital asset regulation as one of the most […]