The National Agency for Food and Drug Administration and Control (NAFDAC) has released a clarification to explain its recent publication of 101 drug products that have been withdrawn, suspended, or …
Regulation
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GovernanceHealthNewsNigeriaPublic SafetyRegulation
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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DevelopmentEconomyFinancePensionRegulation
PenCom Says Recapitalisation Will Strengthen Pension Industry
The National Pension Commission (PenCom) has said its ongoing recapitalisation requirement for licensed pension fund operators is a strategic move to strengthen the financial base of the industry and safeguard …
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BusinessDevelopmentEconomyFinanceINVESTMENTRegulation
SEC Says Nigeria’s Non-Interest Capital Market Hits N1.6tn as Investors Embrace Ethical Finance
Nigeria’s non-interest capital market has grown to over N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical and non-interest finance, according to the Securities and Exchange Commission (SEC). …
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BusinessDevelopmentFinanceINVESTMENTRegulation
SEC Backs Islamic Finance as Key to Investment Growth and Financial Inclusion in Nigeria
The Securities and Exchange Commission (SEC) has identified Islamic finance as a major driver of investment growth and a vital tool for promoting financial inclusion in Nigeria and across Africa. …
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EnvironmentHousingInfrastructureRegulationSafetyUrban Development
BCPG raises alarm over poor soil testing in Lagos coastal areas
The Building Collapse Prevention Guild (BCPG), Iru–Victoria Island Cell, has raised concern over the increasing number of substandard soil investigations being conducted across the Lagos coastal region, warning that the …
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BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
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BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
Prudential Zenith Life Surpasses New Capital Requirement With N19.3bn Buffer
Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …
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BusinessEconomyGovernment PolicyInflationManufacturingRegulationTrade
Manufacturers Oppose FG’s Plan to Introduce Tax Stamp System on Excisable Products
The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government against the planned introduction of a Tax Stamp System on excisable products, warning that the policy would worsen inflation, …
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BusinessEnergyGhana EconomyInfrastructurePublic UtilitiesRegulation
ECG Seeks Tariff Adjustment After $408m Investment in Ghana’s Power Supply
The Electricity Company of Ghana (ECG) says it has invested more than $408 million in the last three years to strengthen electricity supply and improve customer service, and is now …