NAICOM, Partners Launch 2025 Inclusive Insurance Challenge for Underserved Nigerians
By Oluwakemi Kindness The National Insurance Commission (NAICOM) and leading development partners have launched the Inclusive Insurance Innovation Challenge (IIIC) Nigeria 2025 to expand insurance access for underserved communities. NAICOM’s Head of Innovation, Kenneth Aroh, said in a statement that the programme will support innovators with mentorship, regulatory guidance and technical backing to develop inclusive, […]
CBN: Nigeria’s Reserves Rise to $46.7bn, Strongest Since 2018
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday announced that Nigeria’s foreign exchange reserves have risen to the highest level in seven years, reaching $46.7bn as of November 14, 2025, CBN Governor Olayemi Cardoso, represented by the Deputy Governor for Economic Policy, Muhammad Abdullahi, disclosed the figures at an event marking the […]
Tinubu Opens C-PACT Summit, Says Africa Must Dismantle Inefficient Borders
By Oluwakemi Kindness President Bola Tinubu has called on African nations to tear down inefficient borders, harmonise Customs processes and build a unified trade system capable of transforming the continent’s economic future. Speaking through Vice President Kashim Shettima at the maiden Customs Partnership for African Cooperation in Trade (C-PACT) Summit in Abuja, Tinubu said Africa […]
PenCom Reaffirms Commitment to Pension Inclusion for Informal Sector Workers
By Oluwakemi Kindness The National Pension Commission (PenCom) has reaffirmed its commitment to ensuring that every Nigerian, including millions in the informal sector enjoys access to a secure and dignified retirement. Director General of PenCom, Omolola Oloworaran, gave the assurance in Abuja while delivering the keynote address at the Third Annual Conference of the Pension […]
NDIC Now Operating With Stronger Legal Powers — MD
By Oluwakemi Kindness The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Oludare Sunday, says the Corporation is now operating under a much stronger legal framework. The framework empowers it to effectively liquidate failed banks and hold those responsible for their collapse fully accountable. Sunday gave the assurance when he received the […]
Federal Government Urged to Extend 15% Fuel Import Duty Timeline
By Oluwakemi Kindness| As Nigeria moves to implement a 15% import duty on petrol and diesel by November 21, energy analyst Olatide, Jeremiah, CEO of PetroleumPrice.ng, has called on the Federal Government to slow down and ease the burden on citizens. Jeremiah warned that rushing the policy could worsen inflation and push the pump price […]
Electric Vehicle Transition Bill Scales Second Reading in Senate
By Anayo Akwitti The Nigerian Senate has passed for second reading the Electric Vehicle Transition and Green Mobility Bill, 2025, sponsored by Senator Orji Uzor Kalu (Abia North). The Bill is aimed at creating a national framework to drive Nigeria’s shift to electric vehicles (EVs), promote local manufacturing, and enhance environmental sustainability. The proposed legislation, […]
Nigeria’s Non-Interest Capital Market Hits ₦1.6 Trillion, Says SEC DG Agama
By Oluwakemi Kindness Nigeria’s non-interest capital market has grown to a valuation exceeding ₦1.6 trillion, signaling its expanding role in promoting financial inclusion and driving infrastructure development across the country. The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this at the 7th African International Conference on Islamic Finance (AICIF) 2025, […]
PenCom, NAICOM Enforce Stricter Compliance with Pension and Insurance Laws
By Oluwakemi Kindness The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have jointly issued a directive mandating full compliance with Nigeria’s pension and insurance regulations across the insurance industry and its value chain. The directive, contained in a Joint Circular on Wednesday signed by Abdulrahaman Muhammad Saleem, Director of Surveillance at PenCom, […]
FG Backs NIIRA 2025 Implementation, Sets July 2026 Recapitalization Deadline
By Oluwakemi Kindness The Federal Government has reaffirmed its commitment to the full implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, as part of sweeping reforms to reposition Nigeria’s insurance sector for growth, innovation, and global competitiveness. Declaring open the 2025 Insurance Directors’ Conference in Lagos on Wednesday, the Minister of State for […]