JCR Reaffirms Afreximbank’s A- Credit Rating, Maintains Stable Outlook
By Oluwakemi Kindness The Japan Credit Rating Agency (JCR) has reaffirmed the African Export-Import Bank’s (Afreximbank) long-term issuer credit rating at A- with a stable outlook, underscoring the institution’s resilience and growing credibility in global financial markets. The decision reflects JCR’s confidence in Afreximbank’s solid capital base, strong strategic positioning, prudent liquidity policies, and effective […]
NAICOM Seeks CAC Support to Meet 12-Month Recapitalization Deadline
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has secured the commitment of the Corporate Affairs Commission (CAC) to support the implementation of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, particularly the law’s 12-month recapitalization timeline. Speaking during a courtesy visit to the CAC Registrar General in Abuja, the Commissioner for Insurance (CFI), Olusegun […]
Air Peace Launches Lagos–São Paulo flight After Tinubu’s Brazil Aviation Pact
By: Aremu Toyeebaht Air Peace has successfully operated its first direct Lagos–São Paulo flight, marking a historic milestone in Nigeria–Brazil relations and positioning Nigerian carriers on the global stage. The inaugural flight, which carried members of Nigeria’s delegation and private-sector leaders, followed the landmark aviation agreement signed in Brasília, witnessed by President Bola Tinubu. The […]
Edun Reaffirms Nigeria’s 7% GDP Growth Target
By Oluwakemi Kindness The Federal Government has restated its ambition of growing Nigeria’s economy by as much as Seven percent in the medium term. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in Abuja, at the weekend, during a meeting with the World Bank Executive Director for the Angola–Nigeria–South […]
PenCom Says Pension Funds Safe, Dismisses NLC Claims
By Oluwakemi Kindness The National Pension Commission, PenCom, has reassured Nigerian workers and retirees that their pension contributions remain safe and under strict regulation, dismissing recent allegations by the Nigeria Labour Congress, NLC, as misleading. In a letter responding to the NLC at the weekend, the Commission firmly rejects claims that workers and employers are […]
Investment Confidence Hinges on Accountability – SEC DG Agama
By Oluwakemi Kindness The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirm that accountability and transparency remain critical to strengthening investor confidence and deepening Nigeria’s capital market. Dr. Agama made the remark in Abuja while delivering a goodwill message at a stakeholder engagement on internal control over financial reporting […]
Customs, Sister Agencies Deepen Collaboration on National Security
By Oluwakemi Kindness The Comptroller-General of Customs (CGC), Adewale Adeniyi, has reaffirm the Nigeria Customs Service’s commitment to deepening collaboration with agencies under the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB). This is as he describes shared facilities and joint operations as critical to strengthening national security. According to a statement on Saturday, […]
FAAC Disburses N2trn to Three Tiers of Government in July
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.001 trillion as July 2025 Federation Account Revenue to the Federal Government, states, and local government councils. The allocation was made at the FAAC meeting held in Abuja on Friday, according to a communiqué issued after the session. The N2.001 […]
FG Eyes N24bn Savings with BisonFly Project
By Oluwakemi Kindness The Federal Government has directed the speedy implementation of the BisonFly Project, a cost-cutting initiative projected to save between N18bn and N24bn annually in official air travel expenses across the Federal Civil Service. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the charge on Thursday in Abuja during […]
NAICOM, Police Raid Fake Motor Insurance Dealers in Abuja
By Oluwakemi Kindness The National Insurance Commission (NAICOM), in collaboration with the Nigeria Police Force, has launched a major crackdown on individuals peddling fake motor third-party insurance policies in Abuja. The crack down led by its Motor Third-Party Insurance Enforcement Committee, NAICOM operatives, supported by the police, stormed the Mabuchi area of the Federal Capital […]