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 […]
FCCPC Shuts Down Five Kano Textile Warehouses over Deceptive Trade Practices
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the warehouses of five major textile distributors in Kano over alleged deceptive trade practices involving the sale of underweight and shortened fabrics to unsuspecting consumers. A statement issued on Wednesday by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, says the enforcement operation, led […]
Nigeria, Ghana Step Up Joint Fight Against Smuggling
By Oluwakemi Kindness Nigeria and Ghana have agreed to strengthen their collaboration to stop illicit activities and improve cross-border trade under the African Continental Free Trade Area (AfCFTA). The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, made this known during a visit to the Commissioner-General of Ghana’s Customs Division, Brigadier General Glover Annan, […]
Tinubu Decorates New Service Chiefs, Tasks Them to ‘Smash New Security Threats’
By Zainab Bakare President Bola Ahmed Tinubu has officially decorated the newly appointed service chiefs with their new ranks at a brief but symbolic ceremony inside the Council Chamber of the Presidential Villa, Abuja. Those decorated include General Olufemi Oluyede as Chief of Defence Staff, Lieutenant General Waidi Shaibu as Chief of Army Staff, Vice […]
Speaker Abbas Seeks Stronger Nigeria–EU Parliamentary Partnership
By Oluwakemi Kindness Speaker of the House of Representatives, Abbas Tajudeen, has called for stronger and more strategic partnership between Nigeria and the European Union (EU), anchored on mutual respect, shared priorities, and practical cooperation between both parliaments. He stated this during a courtesy visit by a delegation from the European Parliament’s Committee on Foreign […]
$50bn Crypto Flows Through Nigeria In One Year – SEC
By Oluwakemi Kindness Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has revealed that more than $50 billion worth of cryptocurrency transactions passed through Nigeria between July 2023 and June 2024. He said this figure underscores investors’ growing appetite for high-risk digital assets outside the traditional financial market. He stated this while speaking […]
NDLEA Uncovers UK-Bound Cocaine, Raids Lagos Nightclub Over Drug Party
By Oluwakemi Kindness The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of 70 parcels of cocaine, weighing 3.6 kilograms, concealed in cocoa butter body cream containers bound for London, United Kingdom. The discovery was made on October 14, 2025, at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, during the examination of […]
Governors’ Endorse CBN’s Economic Reforms
By Oluwakemi Kindness Nigeria’s Governors have expressed strong support for the Central Bank of Nigeria’s economic stabilisation efforts aimed at restoring price stability, curbing inflation, and rebuilding public confidence in the economy. The support was agreed at the fifth meeting of the Nigeria Governors’ Forum (NGF) held on Thursday where the apex bank’s Governor, represented […]