Ponzi Operators in NIgeria to Face ₦10 Million Fine– IST Boss
By Oluwakemi Kindness The Investments and Securities Tribunal (IST), says the newly enacted Investments and Securities Act prescribes punitive measures of no less than ten million naira against operators of Ponzi schemes. This is according to the Chairman of the IST, Amos Azi, who stated this at the weekend in Abuja during a stakeholders’ engagement […]
NSIA Set to Host Fourth Annual Africa Sovereign Investors Forum
By Oluwakemi Kindness The The Nigeria Sovereign Investment Authority is set to to host the fourth annual meeting of the Africa Sovereign Investors Forum (ASIF 2025) in Abuja, Nigeria. The forum will spotlight the pivotal role of sovereign wealth funds and institutional investors in mobilizing regional and international capital to drive inclusive growth and transformation […]
Tinubu’s Reforms Drive ₦1.3 Trillion Customs Revenue in Q1 2025
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023. Comptroller-General of Customs, Adewale Adeniyi attributes this remarkable growth to transformative reforms under President Bola Tinubu’s Renewed Hope Agenda, as […]
Federal Government Reviews Economic Priorities in Trade and Investment
By Oluwakemi Kindness The Federal Government has taken a significant step towards repositioning Nigeria’s economy, as the Economic Management Team (EMT) convened to assess Nigeria’s trade strategy, investment climate, and infrastructure planning. The session Chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in his office in Abuja underscored the […]
P&ID Case Lawyers Urge Procurement Reform, Applauds CBN Legal Counsel
By Oluwakemi Kindness The Federal Government has received critical recommendations from foreign legal counsel who successfully represented Nigeria in the high-profile legal battle against Process & Industrial Developments Ltd. (P&ID), aimed at preventing future contractual disputes. The legal experts emphasized the importance of implementing robust safeguards when entering into high-value contracts. Central to their recommendations […]
CBN Reassures Public on Banking Sector Stability
By Oluwakemi Kindness The Central Bank of Nigeria, CBN, has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The reassurance by the CBN follows certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution. The CBN in a statement says like […]
Federal, States, LGCs Share N1.681 Trillion in April Revenue
By Oluwakemi Kindness The Federal Account Allocation Committee (FAAC) has shared a total sum of N1.681 trillion, being April 2025 Federation Account Revenue. The revenue shared to the Federal Government, States and the Local Government Councils took place at the May 2025 FAAC meeting held in Abuja. The N1.681 trillin revenue comprised statutory revenue of […]
NAICOM Strengthens Enforcement of Insurance for Public Buildings and Construction Projects
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has reaffirmed its commitment to enforcing insurance compliance for public buildings and construction sites across Nigeria. NAICOM stated this at the 4th Meeting of the Joint Committee on Insurance for Public Buildings and Buildings under Construction, in Abuja on Wednesday which brought together key stakeholders to review […]
CBN Simplifies BVN Registration for Nigerians in Diaspora
By Oluwakemi Kindness The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform—a secure digital gateway enabling Nigerians living abroad to obtain their Bank Verification Number (BVN) without having to be physically present in the country. The platform is designed […]
CBN Alerts Public Against Scam Contracts and Fraudulent Claims
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reiterate warnings that it has not authorised, licensed, or appointed any individual, group, or organisation to act as an agent or intermediary in offering contracts, financial grants, or intervention funds to the public. The CBN in a statement on Monday also notes that it did […]