Eight Banks Meet Recap Target as CBN Holds Rate at 27.5%
By Oluwakemi Kindness The Monetary Policy Committee has confirmed that eight banks have met the CBN’s recapitalization target, signaling progress in the ongoing financial sector reforms.” Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated this in Abuja on Tuesday while briefing Newsmen on the outcome of it 301st meeting. He commended the progress […]
Nigeria Proposes Joint Investment Council to Strengthen Economic Ties with Egypt
By Oluwakemi Kindness Nigeria has proposed the creation of a Nigeria-Egypt Joint Investment Council, a major step towards deepening economic ties and unlocking shared prosperity between the two nations. The proposal was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Nigeria-Egypt Business Forum in Abuja. The Council, […]
Human Capital Investment Is Nigeria’s Path to Prosperity – Edun
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has described the HOPE programme as a transformative national strategy to unlock the country’s economic potential through bold investment in its people. “HOPE” – Human Capital Opportunities for Prosperity and Equity, backed by the World Bank – aims to accelerate […]
FIRS, OAGF Launch Joint Initiative to Tackle MDA Tax Non-Compliance in Nigeria
By Oluwakemi Kindness, The Federal Government has launched a renewed effort to tackle persistent tax non-compliance among its Ministries, Departments, and Agencies (MDAs), unveiling a joint initiative between the Federal Inland Revenue Service (FIRS) and the Office of the Accountant-General of the Federation (OAGF). The move aims to close revenue leakages, enforce digital remittance, and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]