President Bola Ahmed Tinubu has appointed Dr Mulisiu Oseni as the Chairman of the Nigerian Electricity Regulatory Commission following the confirmation of members of the commission’s board by the Senate. …
Regulation
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GOVERNMENTNigeriaPoliticsPower & Energy,Regulation
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EconomyFinance & ServicesNigeriaPensionPublic PolicyRegulation
PenCom Extends Pension Industry Recapitalisation Deadline to June 2027
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 …
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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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BankingBusinessConsumer ProtectionEconomyFinanceRegulation
NDIC assures ASO, Union homes depositors of N2m payouts
The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
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Civil SocietyEconomyNigeriaOil & GasPublic PolicyRegulation
Civil Society Group Faults Dangote’s Call for Probe of NMDPRA Boss
The League of Civil Society Groups has criticised recent public comments credited to the President of Dangote Industries Limited, Alhaji Aliko Dangote, in which he reportedly called for a probe …
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AviationNewsNigeriaPublic SafetyRegulationSafetyTransportation
NSIB begins probe as Flybird aircraft overshoots runway at Kano airport
The Nigerian Safety Investigation Bureau, NSIB, has commenced an investigation into an aircraft incident involving a Hawker 800XP operated by Flybird Aircraft Management Services Limited at the Malam Aminu Kano …
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BankingCBNEconomyFinanceNewsNigeriaRegulation
Banks Intensify Capital Raise as CBN Strengthens Oversight and Pushes Basel III Transition
Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …
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BankingBusinessEconomyForex TradingNewsRegulation
CBN Revokes Licences of Legacy BDC Operators Who Missed New Compliance Deadline
The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …
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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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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 …