CBN Launches New Agric Credit Board to Tackle Food Insecurity
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has inaugurated a new Board for the Agricultural Credit Guarantee Scheme Fund (ACGSF), aimed at improving access to affordable credit for farmers. Speaking at the ceremony in Abuja on Tuesday, CBN Governor Olayemi Cardoso said the Bank is determined to address decades of chronic underfunding in […]
SEC to Freeze CBEX Accounts as N1.3tn Crypto Scam Unravels
By Oluwakemi Kindness Nigeria’s Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal to freeze all bank accounts linked to Crypto Bridge Exchange (CBEX) and 25 others over unlawful crypto investment scheme. The request, filed under suit IST/OA/02/2025, seeks to stop CBEX and its promoters from accessing funds allegedly collected from the […]
CBN Confirms Final Licensing of 82 Bureaux De Change
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has approved final operating licences for 82 Bureaux De Change (BDCs) under the Revised Regulatory and Supervisory Guidelines for BDC Operations 2024. The approvals were issued in line with the Bank’s powers under the Banks and Other Financial Institutions Act (BOFIA) 2020. According to a statement […]
SEC Introduces T+1 Settlement For Faster Transaction
By Oluwakemi Kindness Nigeria’s Securities and Exchange Commission (SEC) has outlined fresh measures to modernise the capital market. This include a shift to a T+1 settlement cycle aimed at reducing risk and speeding up transactions. Speaking at the 2025 second Capital Market Committee meeting, SEC Director-General Dr Emomotimi Agama said the long-term goal is to […]
NSITF Reaffirms NLC as Key Partner in Social Protection
By Chinedu Echianu Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barr. Oluwaseun Faleye, has described the Nigeria Labour Congress as a critical partner in advancing social protection and safeguarding the welfare of workers across the country. Addressing the National Executive Council (NEC) meeting of the congress in Lagos, Faleye […]
WCO Policy Session: Adeniyi Showcases Nigeria’s Customs Reforms
By Oluwakemi Kindness Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, has used his first outing as Chairperson of the World Customs Organisation (WCO) Council to spotlight the country’s sweeping customs reforms. According to a statement on Sunday signed by Customs spokesperson, Abdullahi Maiwada, the Customs boss highlighted modernisation gains, faster clearance processes and stronger alignment with […]
PenCom Recovers ₦32.27bn, Sanctions Defaulting Employers
By Oluwakemi Kindness The National Pension Commission (PenCom) has intensified its enforcement campaign on pension compliance, announcing that it has recovered a total of ₦32.27 billion in unremitted pension contributions and penalties from defaulting employers between June 2012 and September 2025. Of this amount, ₦15.87 billion represents outstanding pension contributions, while ₦16.40 billion were recovered […]
PENGASSAN Pushes for State Police to Curb Insecurity
By Chinedu Echianu The Petroleum and Natural Gas Senior Staff Association of Nigeria has reaffirmed its support for the creation of state policing. It describes decentralised policing as essential to addressing the country’s growing insecurity. PENGASSAN President Festus Osifo spoke at the union’s National Executive Council meeting in Abuja, also highlighting unresolved labour issues and economic […]
CBN Slashes Cash Withdrawal Limits in Push Toward Digital Economy
By Oluwakemi Kindenss The Central Bank of Nigeria (CBN) has announced major changes to cash withdrawals, reducing weekly limits for individuals to N500,000 and for companies to N5 million starting January 1, 2026. In a circular issued on Tuesday December 2nd, 2025 and signed by the director of financial policy and regulation Dr Rita Sike […]
Customs Task Senior Officers on Eliminating Internal Weaknesses
By Oluwakemi Kindness The Comptroller-General of Customs, Adewale Adeniyi, has tasked senior officers of the Nigeria Customs Service (NCS) to confront internal weaknesses slowing down the agency’s efficiency. Speaking in Abuja at the opening of the CGC’s Conference, Adeniyi said the Service must apply the same discipline and coordination that delivered the successful Customs Partnership […]