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 […]
FG Clears ₦39.6bn Pension Arrears, Ends DBS Backlog
By Oluwakemi Kindness The Federal Government says it has cleared ₦39.6 billion in long-standing pension arrears under the Defined Benefit Scheme (DBS), bringing inherited pension liabilities to an end and providing relief to more than 24,000 retirees. According to a statement issued on Friday by the Federal Ministry of Finance and PTAD, the payments cover […]
Afreximbank: Dangote Refinery Helped Stabilise Naira
By Oluwakemi Kindness The President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), George Elombi, says the Dangote Petroleum Refinery has played a major role in stabilising the naira by reducing Nigeria’s reliance on imported petroleum products. Speaking at a Mid-Year Media Roundtable in Abuja on Wednesday, Elombi said the […]
NDIC Begins Payout as CBN Shuts 46 Microfinance Banks
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying insured deposits to customers of 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN). The NDIC in a statement on Wednesday by Hawwau Gambo, Head, communication and public affairs, NDIC, says it has taken […]
CBN Revokes Licences of 46 Microfinance Banks
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks for failing to meet regulatory requirements, in a move aimed at strengthening the stability of Nigeria’s financial system. According to a statement on Wednesday by Hakama Sidi-Ali, Acting Director, CBN’s Corporate Communications Department, the revocation takes effect […]
Finance Minister Seeks Commercial Tribunal for Investors
By Oluwakemi Kindness, Mardiyyah Abubakar The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and boost investor confidence in Nigeria. Speaking at the Second Biennial Conference of the Capital Market Academics of Nigeria […]