Labour Movement Mourns as Nigerian Delegate Dies at ILO Conference
By Chinedu Echianu GENEVA, Switzerland — The Nigerian labour movement has been thrown into mourning following the death of Comrade Domingo Michael Adeleke, Chairman of the Lagos State Joint Negotiating Council (JNC), during the ongoing 114th Session of the International Labour Conference (ILC) in Geneva. Adeleke died on Tuesday after a brief illness while participating […]
Reps PAC Recovers ₦521m Unremitted VAT From CBN
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) says it has recovered ₦521.8 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of an ongoing probe into revenue leakages linked to the Remita platform. The committee say the recovered sum, amounting to ₦521,765,134.17, represents VAT […]
FG Expands Revenue Monitoring to 21 Agencies
By Oluwakemi Kindness The Federal Government has intensified its push for financial transparency and accountability with the Nigeria Export Processing Zones Authority (NEPZA) and 20 other federal agencies committing to the adoption of the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R). The initiative, designed to curb financial leakages and strengthen […]
NAICOM Urges States to Embed Insurance in Loan Schemes
By Oluwakemi Kindness The Commissioner for Insurance, National Insurance Commission (NAICOM), Olusegun Ayo-Omosehin, has urged state governments to integrate insurance into loan schemes and poverty alleviation programmes. Omosehin said this will serve as part of efforts to strengthen economic resilience and ensure the sustainability of public interventions. Omosehin made the recommendation on Tuesday while delivering […]
Customs, World Bank Boost Revenue Reforms
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has partnered with the World Bank Group to deepen revenue assurance, strengthen compliance management, and enhance trade facilitation through a comprehensive two-week technical assistance programme focused on modern Post Clearance Audit (PCA) practices. The initiative, implemented under the Accelerated Revenue Mobilisation Reform (ARMOR) Programme, commened in Abuja […]
RMRDC Pushes Local Raw Materials Drive to Boost Industrial Growth
By Julian Osamoto The Raw Materials Research and Development Council (RMRDC) says Nigeria’s drive toward local raw materials utilisation, import substitution, and value addition remains critical to achieving sustainable industrial growth and economic diversification. Director-General and Chief Executive Officer of the Council, Professor Nnanyelugo Ike-Muonso, stated this at the RMRDC in Abuja, while assessing the […]
NDIC Boosts Deposit Funds to Protect Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is intensifying efforts to strengthen its Deposit Insurance Funds (DIFs) as part of measures to safeguard Nigeria’s financial system and protect bank depositors. The Managing Director and Chief Executive of the NDIC, Thompson Sunday, disclosed this during a courtesy visit to the Director-General of […]
CBN Rejects Interventionist Policies, Backs Orthodox Strategy
By Oluwkaemi Kindness The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the bank will not return to interventionist measures that previously weakened policy credibility. This is as he reaffirmed the apex bank’s commitment to orthodox monetary policy, transparency, and evidence-based decision-making. Cardoso stated this during the opening session of the Monetary Policy […]
CBN Holds Interest Rate at 26.5% Amid Rising Inflation Concerns
By Oluwakemi Kindness The Central Bank of Nigeria has retained the benchmark interest rate at 26.5 percent as authorities continue efforts to rein in inflation and stabilise the economy. The decision was announced on Wednesday by the CBN Governor, Olayemi Cardoso, after the 305th meeting of the Monetary Policy Committee in Abuja. Cardoso said all […]
NAICOM Pushes Insurance Reform, Flags Trust Gap in Sector
By Oluwakemi Kindness The National Insurance Commission (NAICOM) says the success of ongoing reforms in Nigeria’s insurance industry will depend on effective implementation of the Nigerian Insurance Industry Reform Act (NIIRA 2025). Speaking at the opening of Insurance Week 2026, the Commissioner for Insurance and Chief Executive of NAICOM, Olusegun Ayo-Omosehins, who was represented by […]