Regulations
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum...
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PenCom dissolves First Guarantee Pensions’ mgt committee
The National Pension Commission (Commission) has dissolved the interim management committee of the First Guarantee Pensions Limited pending the resolution...
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FG confirms Thomas as commissioner for insurance
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for...
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FIRS Gives Deadline on Tax Interests, Penalties Waiver
Federal Inland Revenue Service (FIRS) is to waive interests accruable to debts as well as the related penalties for defaulting...
Read moreCBN Extends Deadline for Microfinance Banks’ Recapitalisation
In consideration of the impact of the COVID-19 pandemic on economic activities in the country, the Central Bank of Nigeria...
Read moreN50bn CBN loans to SMEs, others end 2024
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and...
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NSE Hosts First Digital Closing Gong Ceremony, Commits to Access to Market
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday restated the Exchange’s commitment to providing...
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Covid-19: NAICOM Extends Deadline For Submission Of Q1 Returns, Offers Palliative To Insurers
Taking into cognisance the spread of the dreaded coronavirus tagged covid-19, the National Insurance Commission (NAICOM) has extended the deadline...
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SEC Activates Business Continuity Process for Capital Market Operations
In compliance with the federal government’s directives on the restriction of movements in Lagos and Ogun States as well as...
Read moreSEC begins new investors’ identification regime
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’...
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‘26 Insurance Firms Likely to Meet New Capital Requirement’
Agusto and Co., a research, credit ratings and risk management firm, has envisaged a significant reduction in the total number...
Read morePenCom recovers N17.05bn from 655 employers
The National Pension Commission (PenCom) has recovered a total of N17.05 billion as outstanding pension contributions from defaulting employers in...
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New Report Rules out Naira Devaluation in 2020
A new report has revealed that naira devaluation is unlikely in 2020 despite it being nine per cent overvalued and...
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Government agency, insurers to recover N45bn from fake insurance operators
The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party...
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NERC caps estimated billing, issues April 30 deadline for metering
Worried about the low level of prepaid meters deployment to electricity consumers, the Nigerian Electricity Regulatory Commission (NERC), has capped...
Read moreFIRS, NIPOST face off over Stamp Duty collection deepens
Barely two days after the Federal Inland Revenue Service (FIRS) told the Ogun State Governor, Dapo Abiodun, that it is...
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Analysts Raise Concern over Planned Reversal of SIM Registration Policy
Analysts at Cordros Securities Limited have expressed concern about the recent directive issued by the Minister of Communications and Digital...
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Savings Accounts Not Exempted from Stamp Duty Charges, Says FG
The federal government has clarified that deposits into savings accounts that is up to N10,000 are not exempted from the...
Read moreMilk import waiver: Experts differ on CBN concession to 6 firms
Economic experts have differed on the latest Central Bank of Nigeria’s (CBN) decision to exclude six milk importers from the...
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SON shuts down 13 steel companies over standards infractions
The Standards Organisation of Nigeria (SON) has sealed 13 steel factories across the country for standards infractions. The Chairman, SON...
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VAT on calls: Meet FIRS, minister tells subscribers
The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional...
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Africa’s informal sector most difficult to tax — Nami
The Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, said yesterday that the informal sector in Africa’s economies...
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Challenges loom for Nigeria as OPEC may cut 500,000bpd
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply...
Read moreNSE, SEC Enhance Capacity for Efficient Derivatives Market
In a bid to ensure an efficient derivatives market, the Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission...
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Senate Puts FG’s Borrowing Request at $22.6bn
The Chairman Senate Committee on Finance, Senator Solomon Adeola, has put the federal government’s external loan request before the National...
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