European Stocks Slip as Oil Prices and Tensions Rise
By Oluwakemi Kindness European stock markets fell on Wednesday as rising oil prices and renewed tensions in the Middle East weighed on investor sentiment. Markets remained focused on the conflict involving the United States and Iran, after fresh US strikes and the reimposition of a naval blockade pushed oil prices higher. Asian markets, however, recorded […]
Nigeria’s Pension Assets Hit N31.48tn
By Oluwakemi Kindness The National Pension Commission (PenCom) says Nigeria’s pension assets have surged by 51 per cent in two years, reaching N31.48 trillion from N20.7 trillion. PenCom Director-General, Omolola Oloworaran announced the figures on Tuesday during the Meet the Press briefing at the Presidential Villa in Abuja, describing the growth as a sign of […]
Reps Open Probe into Alleged ₦5.3tn CBN Revenue Gaps
By Oluwakemi kindness The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to submit details of unremitted operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other […]
Oil Surges 4% as US-Iran Conflict Escalates
By Mardiyyah Abubakar Global oil prices climbed more than four per cent on Monday after renewed military confrontation between the United States and Iran rattled financial markets and reignited fears over the security of the Strait of Hormuz, one of the world’s most critical oil shipping routes. The latest escalation came just days after both […]
Group Endorses Single Window System to Improve Port Efficiency
By Oluwakemi Kindness The National Coalition for Transformative Reforms (NCTR) has endorsed the Federal Government’s implementation of the National Single Window, saying the digital platform will speed up cargo clearance, reduce bureaucratic bottlenecks and improve operational efficiency across Nigeria’s ports. The coalition also commended the administration of President Bola Tinubu for reforms in the maritime […]
Pension Drive: PenCom Targets More States, Women
By Oluwakemi Kindness The National Pension Commission (PenCom) says Ogun and Katsina states are on the verge of joining the Contributory Pension Scheme (CPS), as it intensifies efforts to expand pension coverage across Nigeria. Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday in Abuja after the third Pension Industry Leadership Meeting. She said only […]
Geopolitical Risks Reshape Investment Decisions-Expert
By Oluwakemi Kindness International sanctions, conflicts and diplomatic tensions are becoming major factors in investment decisions, according to DataPro, as geopolitical risks increasingly shape sovereign credit ratings and financial markets. For years, investors focused mainly on economic indicators such as inflation, economic growth, debt levels and government finances when deciding where to invest. Today, geopolitical […]
PenCom Set for Infrastructure Fund Rollout, Tightens Compliance
By Oluwakemi Kindness The National Pension Commission (PenCom) says the proposed Pension Industry Infrastructure Fund has reached an advanced stage of implementation as it moves to expand healthcare access for retirees and strengthen enforcement of pension compliance. Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday in Abuja after the third Pension Industry Leadership Meeting, […]
NERC Transfers Electricity Regulation to 16 States
By Mardiyyah Abubakar The Nigerian Electricity Regulatory Commission (NERC) has formally transferred electricity market regulatory powers to 16 states, marking a major milestone in Nigeria’s transition to a decentralised electricity market. NERC Chairman, Dr. Musiliu Oseni, announced the development on Monday during a regional seminar for judges of the Lagos State High Court, describing the […]
Duty Waivers Cut Customs Revenue in 2025 – CGC
By Oluwakemi Kindness The Nigeria Customs Service (NCS) says import duty waivers, VAT exemptions and other fiscal incentives granted by the Federal Government significantly reduced its revenue collection in 2025, despite the Service exceeding its annual revenue target. Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Monday while defending the Service’s 2026 budget proposal before […]