I Resigned as Finance Minister to Protect the Office – Kemi Adeosun
By Oluwakemi Kindness Former Minister of Finance, Kemi Adeosun, says her resignation from the cabinet of late President Muhammadu Buhari in September 2018 was a principled decision taken to protect the Office of the Minister of Finance and safeguard her personal integrity. Adeosun made the clarification on Friday while speaking on a Natuonal Television, where […]
Budget Office Defends Integrity of Newly Enacted Tax Reform Acts
By Oluwakemi Kindness The Budget Office of the Federation has defended the integrity of Nigeria’s newly enacted Tax Reform Acts, dismissing claims that the laws were altered after passage and warning against what it described as governance driven by speculation and unverified information. In a statement issued on Wednesday, the Office said allegations of post-passage […]
Nigeria’s PMI Rises to 57.6 Points, Hits Five-Year High — CBN
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says the country’s business activity expanded to its strongest level in about five years in December, with the Composite Purchasing Managers’ Index (PMI) rising to 57.6 points. In a statement issued on Tuesday night by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank […]
Nigeria Posts $4.6bn Balance of Payments Surplus in Q3 2025 – CBN
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says Nigeria recorded an overall Balance of Payments (BOP) surplus of $4.60 billion in the third quarter of 2025, a turnaround from the deficit recorded in the previous quarter. According to the CBN in a satement on Tuesday night, the improvement was driven by a current […]
No Extension for July 30, 2026 Recapitalisation Deadline – NAICOM
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has declared that there will be no extension of the July 30, 2026 recapitalisation deadline for insurance companies operating in Nigeria. The Commissioner for Insurance, Olusegun Ayo-Omosehin, stated this on Tuesday in Abuja while speaking at a seminar for insurance journalists. He was represented at the event […]
NDIC Seeks Exemption from 50% Cost-to-Income Policy
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is seeking an exemption from the Federal Government’s 50 per cent cost-to-income ratio policy. The NDIC cited its impact on the Corporation’s ability to build a strong Deposit Insurance Fund and respond effectively to bank failures. The Managing Director and Chief Executive of NDIC, […]
PTAD Expresses Readiness to Collaborate With States on Pension Administration
By Oluwakemi Kindness The Pension Transitional Arrangement Directorate (PTAD) has reaffirmed its willingness to work with state governments to improve pension administration. This is particularly in the area of verification and payment processes, stressing that provided such collaboration is formally requested. PTAD’s Assistant Director, I.T department, Adamu Ismaila, stated this on the sideline of an […]
2027: NILDS DG Prof Sulaiman Joins Kwara Governorship Race
By Oluwakemi Kindness Ilorin — The Director-General of the National Institute for Legislative and Democratic Studies (NILDS), Prof. Abubakar O. Sulaiman, has formally declared his intention to contest the 2027 governorship election in Kwara State on the platform of the All Progressives Congress (APC). Prof. Sulaiman made the declaration on while featuring as a guest […]
NIRSAL Approves N100bn Credit to Boost Agriculture in 2025
By Oluwakemi Kindness The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says it closed 2025 with a record of N100 billion in approved credit guarantees for agricultural loans and investments across the country. Managing Director of NIRSAL, Sa’ad Hamidu, described the figure as the institution’s highest annual finance facilitation since inception, noting that […]
Reps Minority Caucus Seeks Suspension of New Tax Laws
By Oluwakemi Kindness The Minority Caucus of the House of Representatives has called on the Federal Government to stop the implementation of the newly enacted tax laws, citing ongoing allegations of unlawful alterations to the versions passed by the National Assembly. The call follows comments by the Chairman of the Presidential Committee on Fiscal Policy […]