NDIC Raises Deposit Cover, Fully Protects 99% of Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has announced that nearly 99 per cent of bank depositors in the country are now fully protected following a significant increase in deposit insurance coverage aimed at strengthening confidence in the banking sector. The Managing Director and Chief Executive Officer of the NDIC, Thompson Oludare Sunday, […]
Inclusive Growth: NSITF Seeks Stronger Government-Employer Alliance
By Chinedu Echianu The Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye, has called for stronger collaboration among government, employers and workers to drive sustainable economic growth, improve enterprise competitiveness and promote inclusive national development. Faleye made the call on Monday in Abuja while delivering a […]
CBN Orders Banks to Freeze Six Terrorism Finance Accounts
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has directed banks, payment service banks and other regulated financial institutions to immediately freeze the accounts and assets of six individuals and four Bureau de Change operators over alleged links to terrorism financingThe Central Bank of Nigeria (CBN) has directed banks, payment service banks and other […]
Nigeria, Netherlands Sign Customs Security Pact
By Oluwakemi kindness Nigeria and the Kingdom of the Netherlands have signed a landmark customs cooperation agreement aimed at enhancing trade facilitation, strengthening border security, and combating transnational crime. The Joint Declaration was signed in Brussels by the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, and the Director-General of Netherlands Customs, Nanette Van Schelven. […]
Customs Seizes N273.7m Contraband, Intercepts Vegetable Oil
By Oluwakemi Kindness The Nigeria Customs Service (NCS), has seized prohibited goods with a Duty Paid Value (DPV) of N273.7 million, including 1,996 kegs of smuggled vegetable oil, as it intensified its crackdown on illicit trade. The seizure by the Cross River/Calabar Free Trade Zone/Akwa Ibom Area Command, involves two 20-foot containers loaded with foreign […]
Tinubu Commissions Kuje-Gwagwalada Highway
By Sofiat Adenekan-Abdul President Bola Tinubu has commissioned the first phase of the Kuje-Gwagwalada dual carriageway in the Federal Capital Territory (FCT), describing the project as a major intervention that will boost security, improve transportation and unlock economic opportunities for residents of satellite communities. Represented by Vice President Kashim Shettima at the inauguration ceremony on […]
Tax Transition Guidelines Will Ensure Fairness, Clarity – Oyedele
By Oluwakemi Kindness The minister of Finamce and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government’s newly released guidelines for implementing the Tax Acts 2025 will ensure a smooth and fair transition to Nigeria’s new tax regime. Oyedele said the guidelines provide a clear framework for handling issues that may arise as […]
FG Denies Plans for New Telecoms, Fuel Taxes
By Oluwakemi Kindness The Federal Government has dismissed reports claiming it has introduced or is considering new taxes on telecommunications services and petroleum products, describing the claims as a misrepresentation of recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. In a statement issued on Tuesday, the Federal Ministry of […]
FAAC Shares N2.26tn April Revenue as Allocations Rise
By Sofiat Adenekan-Abdul The Federation Account Allocation Committee (FAAC) has distributed N2.26 trillion in April 2026 revenue among the Federal Government, state governments, and local government councils, marking an increase of N217 billion from the N2.04 trillion shared in the previous month. The latest allocation represents a 10.6 per cent rise compared to the March […]
CBN Pledges Reform Continuity as Cardoso Gets Global Award
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to sustaining monetary and financial sector reforms aimed at restoring economic confidence, strengthening institutional credibility, and driving long-term growth. Cardoso made the pledge while receiving the prestigious Central Bank of the Year Award at the Central […]