CBN Denies Disbursing $1.259bn for Petroleum Imports
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has dismissed reports suggesting it disbursed US$1.259 billion to major oil sector operators for the importation of refined petroleum products and related items, describing the claims as inaccurate and misleading. In a statement on Tuesday night, the Bank clarified that the figure referenced, as published in […]
Social Protection: 15 Million Households to Benefit from FG’s Economic Reforms
By Oluwakemi Kindness Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reassured Nigerians that 15 million households will benefit directly from the Federal Government’s economic reforms aimed at easing hardship and promoting inclusive growth. Speaking at the Oxford Global Think Tank Leadership Conference in Abuja, Edun said the government had established […]
PenCom, ICPC Partner to Enforce Pension Compliance, Restore Trust in System
By Oluwakemi Kindness The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a landmark Memorandum of Understanding (MoU) to strengthen transparency, accountability, and integrity in Nigeria’s pension administration. Signed at a formal ceremony in Abuja on Tuesday, the agreement establishes a structured framework for collaboration between […]
$50bn Crypto Flows Through Nigeria In One Year – SEC
By Oluwakemi Kindness Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has revealed that more than $50 billion worth of cryptocurrency transactions passed through Nigeria between July 2023 and June 2024. He said this figure underscores investors’ growing appetite for high-risk digital assets outside the traditional financial market. He stated this while speaking […]
CBN Welcomes Nigeria’s Removal from FATF Grey List
By Oluwakemi KindnessCBN Governor Olayemi Cardoso. The Central Bank of Nigeria (CBN) has commended the Financial Action Task Force (FATF) for its decision to remove Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list. The FATF’s announcement follows a successful on-site evaluation of Nigeria’s reform measures and acknowledges the […]
Governors’ Endorse CBN’s Economic Reforms
By Oluwakemi Kindness Nigeria’s Governors have expressed strong support for the Central Bank of Nigeria’s economic stabilisation efforts aimed at restoring price stability, curbing inflation, and rebuilding public confidence in the economy. The support was agreed at the fifth meeting of the Nigeria Governors’ Forum (NGF) held on Thursday where the apex bank’s Governor, represented […]
NAICOM, FRSC, NHIA Collaborate to Boost Road Safety, Insurance Compliance
By Oluwakemi Kindness The National Insurance Commission (NAICOM), Federal Road Safety Corps (FRSC), and National Health Insurance Authority (NHIA) have agreed to integrate data systems. They also agreed to launch joint public campaigns, and set up an enforcement committee to strengthen road safety and insurance compliance under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. […]
IPPIS Software Upgrade Will Not Delay October Salaries — OAGF
By Oluwakemi Kindness The Office of the Accountant General of the Federation (OAGF) has dismissed social media reports suggesting that the ongoing upgrade of the Integrated Personnel and Payroll Information System (IPPIS) software would delay the payment of October salaries. In a statement on Wednesday, the OAGF clarified that the upgrade is part of a […]
SEC DG Seeks Shift to Sustainable Finance
By Oluwakemi Kindness The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, says the global shift towards sustainable finance is transforming investment decisions, corporate governance, and risk management — a development Nigeria’s capital market must embrace to stay competitive and relevant. Speaking at the 2025 Annual Conference of the Chartered Institute of Stockbrokers […]
Federal Government says Trade Surplus Rises to 6% of GDP
By Oluwakemi kindness Nigeria’s economic narrative is gaining momentum, with the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, revealing that the nation’s trade surplus has grown to 6% of Gross Domestic Product (GDP). He made this known during the G24 meetings held on the sidelines of the IMF/World Bank Annual Meetings in Washington D.C., […]