SEC Warns: Digital Assets Fraud Threatens Market Integrity in Nigeria

SEC Warns: Digital Assets Fraud Threatens Market Integrity in Nigeria

By Oluwakemi Kindness The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has expressed concern over the growing threat of digital assets fraud, warning that it poses a significant challenge to market integrity and undermines investor confidence. Speaking in Abuja at an event to mark African Union Anti-Corruption Day, themed “Understanding Virtual Assets and Investment Fraud”, Dr. Agama notes that corruption continues to be a major […]

July 11, 2025 3

2 6

Economy

Nigeria Customs Seizes Container of Donkey Genitals

By Oluwakemi Kindness The Nigeria Customs Service has intercepted a 40-foot container filled with over 10,600 donkey genitals, in what officials describe as one of the country’s most significant wildlife trafficking seizures to date. The container was incepted along the Kaduna–Abuja Expressway on 5 June following intelligence-led surveillance by officers from the Customs Intelligence Unit and its Special Wildlife Office. Speaking at a press briefing in Abuja on Thursday, Comptroller […]

July 10, 2025 11 6 2

Economy

Senate Decries Power Sector Inequity, Seeks Overhaul of Distribution Model

By Aremu Toyeebaht The Senate has called on the Federal Government to rethink its approach to the power sector by ending the indirect enrichment of private electricity distribution companies with public funds. The Chairman, Senate Committee on the Environment, Senator Yunus Akintunde (APC – Oyo Central) said this at the plenary on Thursday. Speaking on the floor of the Senate, the lawmaker decried the current practice where government funds are […]

July 10, 2025 2

Tinubu Support Group leadership at a press briefing in Abuja disputing IMF’s economic forecast for Nigeria in July 2025.

2 1

Economy

Tinubu Support Group Disputes IMF’s Nigeria Growth Forecast

By Oluwakemi Kindness The Tinubu Media Support Group (TMSG) has expressed concern over what it describes as the International Monetary Fund’s (IMF) underestimation of Nigeria’s economic capacity and potential. Speaking in a statement issued on Wednesday in Abuja, and jointly signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group argued that the IMF’s revised economic outlook for Nigeria fails to capture the full impact of ongoing reforms […]

July 9, 2025 7 1 2

Economy

Customs Seizes ₦653.9m Undeclared Cash at Kano Airport

By Oluwakemi Kindness In a major crackdown on illicit financial flows, the Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted over ₦653.9 million worth of undeclared foreign currency at the Mallam Aminu Kano International Airport (MAKIA). The bust, made during a clearance operation on Monday, 8 July 2025, led to the arrest of three suspects, including Ahmed Salisu, a Ghanaian passport holder arriving from Saudi Arabia via Ethiopian Airlines. […]

July 9, 2025 5

2

Economy

Nigeria, Netherlands Begin Tax Treaty Renegotiation

By Oluwakemi Kindness The Federal Government of Nigeria has officially opened talks with the Kingdom of the Netherlands to renegotiate their Double Taxation Agreement (DTA). This marks the first international tax treaty review since the enactment of sweeping tax reforms signed into law by President Bola Tinubu on June 26, 2025. The milestone event, held at the Revenue House in Abuja, was hosted by the Executive Chairman of the Federal […]

July 8, 2025 7 2

2 3

Economy

Customs Cracks Down on Cash Smuggling Through Airlines

By Oluwakemi Kindness The Nigeria Customs Service (NCS) has launched a direct sensitisation campaign targeting international airline operators, urging stricter enforcement of currency declaration rules. The exercise which is a renewed effort to curb illicit financial flows and tighten Nigeria’s border controls, held in collaboration with other law enforcement agencies, and airline representatives at the Nnamdi Azikiwe International Airport, Abuja, at the weekend. The move is part of broader anti-money laundering […]

July 8, 2025 9 3 2

Economy

Judiciary Key to Investor Confidence, Market Reform – Shettima

By Oluwakemi Kindness Vice President Kashim Shettima has called on the Nigerian judiciary to play a more decisive role in boosting investor confidence and accelerating economic reforms by ensuring timely resolution of capital market disputes. Speaking at the SEC Judges’ Workshop in Abuja on Monday where he was represented by his adviser Tope Fasua, Shettima said legal certainty and efficient justice delivery are vital to achieving the government’s N1 trillion […]

July 7, 2025 14

3 3

Economy

CBN Clarifies NRBVN Charges for Nigerians in Diaspora

By Oluwakemi Kindness CBN says BVN registration remains free for Nigerians at home, clarifies $50 fee applies only to diaspora enrolment via the NRBVN platform. The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) registration remains free for Nigerians residing in the country, dismissing rumours of new or hidden charges. This follows speculations surrounding the newly launched Non-Resident BVN (NRBVN) platform, which is designed for […]

July 7, 2025 7 3 3