Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
Regulation
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BankingBusinessEconomyFinancePoliciesRegulationTechnology
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BusinessEconomyFiscal PolicyGovernment PolicyNewsRegulationTaxation
FIRS says new tax laws will boost competitiveness, simplify levies and attract investments
The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are part of a broader plan to strengthen the country’s economic competitiveness, attract more investments and ensure …
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BusinessCrimeEconomyFinanceGovernanceRegulation
SEC Moves to Strengthen Fight Against Ponzi Schemes, Targets Promoters Under New Investment Law
The Securities and Exchange Commission has restated its commitment to intensifying the fight against Ponzi schemes in Nigeria, saying it will deepen inter-agency cooperation to identify and prosecute individuals and …
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BusinessCapital MarketsEconomyFinanceInsuranceNigeriaRegulation
Guinea Insurance Moves to Raise N15bn as New Industry Capital Rules Take Effect
Guinea Insurance Plc has begun moves to strengthen its financial base as the Board of Directors seeks shareholders’ approval to raise up to N15bn in new capital. The plan was …
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FinanceGOVERNMENTInsuranceProfessional DevelopmentRegulationWomen,Youth
Mrs Ekeoma Ezeibe Launches “One Insurance Industry”
The Nigerian Council of Registered Insurance Brokers (NCRIB) has a new leader, Mrs Ekeoma Ezeibe, who has unveiled the “One Insurance Industry” agenda as the central focus of her tenure. …
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BusinessCorporate AffairsFinanceINVESTMENTPensionRegulation
PenCom Approves Leadway’s Full Acquisition of PAL Pensions
The National Pension Commission (PenCom) has given regulatory approval for Leadway Holdings Limited to acquire Pensions Alliance Limited (PAL Pensions), marking a major shift in Nigeria’s pension industry. The approval …
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Capital MarketFinanceNigeriaRegulationTechnology
SEC Pushes for Technology-Driven Compliance Ahead of 2025
The Securities and Exchange Commission has called for stronger adoption of technology-driven compliance systems across Nigeria’s capital market as preparations heighten for the SEC/Nigerian Capital Market Institute Compliance Summit 2025. …
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BusinessEconomyEnergyGOVERNMENTOil & GasRegulation
NUPRC Says $20bn Field Plans Approved to Boost Nigeria’s Oil Output
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said the commission approved about $20bn worth of Field Development Plans within the last 10 months as …
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Capital MarketEconomyFinanceGOVERNMENTPensionRegulation
Nigeria’s Pension Assets Rise to N26.09tn as PFAs Deepen Investments in Government Securities
Nigeria’s pension fund assets continued their steady growth in 2025, rising by more than N4.71tn as of the end of the third quarter. This represents a 22.03 per cent year-on-year …
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BusinessConsumer NewsEastern AfricaFinanceKenyaRegulationTechnology
Bitcoin ATMs Appear in Nairobi Malls as Kenya’s New Crypto Law Takes Effect
by Radarr Adminby Radarr AdminBitcoin ATMs have started appearing in major shopping malls across Nairobi, days after Kenya’s new law on virtual assets became active. The bright orange machines, branded “Bankless Bitcoin,” were seen …