The National Pension Commission has extended the deadline for the ongoing recapitalisation of the pension industry to June 2027, shifting it from the earlier date of December 2026. The move …
Finance & Services
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EconomyFinance & ServicesNigeriaPensionPublic PolicyRegulation
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BankingCorporate NewsFinanceFinance & ServicesRegulationTechnology
NDIC, NIBSS Move to Strengthen Faster Depositor Reimbursement Through New Digital Partnership
The Nigeria Deposit Insurance Corporation and the Nigeria Inter-Bank Settlement System Plc are set to formalise a stronger collaboration through the signing of a Memorandum of Understanding aimed at improving …
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Corporate NewsEconomyFinance & ServicesPensionSocial Development
FCMB Pensions Disburses Over N200bn to Retirees, Marks 20 Years with Inclusion Drive in Abuja
The Managing Director and Chief Executive Officer of FCMB Pensions Limited, Mr Christopher Bajowa, has disclosed that the company has paid out more than N200 billion in pension benefits to …
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AfricaBankingBusinessCorporate GovernanceEconomyFinance & ServicesLeadershipNigeria
UBA Names New Executive Directors as Four Long-Serving Leaders Retire
United Bank for Africa (UBA) has announced key changes to its executive management team, with three new Executive Directors set to take office from 1 January 2026, following the retirement …
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BusinessFinance & ServicesInnovationInsuranceNewsNigeriaTechnology
Cornerstone Insurance Wins Big at Nigeria Technology Awards, Strengthens Digital Innovation Drive
Cornerstone Insurance Plc has received major recognition for its digital transformation efforts after winning two top awards at the 2025 Nigeria Technology Award ceremony held in Lagos. The company was …
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BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
Naira Weakens Slightly at Official Market as Dollar Demand Increases Toward Year-End
Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
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BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
CBN Approves Only 82 Licensed BDCs After New Forex Rules, Warns Nigerians Against Unauthorised Operators
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
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BusinessFinance & ServicesFintechInsuranceTechnology
FSL Insurance Brokers Launches FSL Insure App to Boost Digital Insurance Access in Nigeria
FSL Insurance Brokers Limited has officially launched a new mobile and web application called FSL Insure, aimed at making insurance services easier, faster, and more accessible to individuals and businesses …
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BusinessCapital MarketFinance & ServicesInsuranceRegulation
AXA Mansard, International Energy Insurance Project N5.53bn Profit Before Tax for Q1 2026
Two Nigerian insurance companies, AXA Mansard Insurance and International Energy Insurance Plc, have projected a combined profit before tax of about N5.53bn for the first quarter of 2026. The projections …
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BankingBusinessEntrepreneurshipFinance & ServicesSMEsWomen in Business
Kingdom Bank Opens New Branch on Tom Mboya Street to Support Nairobi SMEs
Kingdom Bank has expanded its presence in Nairobi with a new branch on Tom Mboya Street, bringing its SME-focused banking model closer to the city’s busy traders and professionals. The …