NDIC Declares ₦24.3bn Second Liquidation Dividend for Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared a ₦24.3 billion second liquidation dividend for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the statutory insured limit of ₦5 million at the time the bank was closed. In a statement issued on Sunday, the Corporation said the second tranche […]
NLC Condemns New Tax Laws, Demands Urgent Review of Minimum Wage
By Chinedu Echianu The Nigeria Labour Congress (NLC) has raised strong concerns over recent tax reforms, warning that provisions taxing the national minimum wage and placing heavier burdens on low-income earners are unfair and regressive. It also called on the Federal Government to urgently address workers’ wages ahead of the next statutory minimum wage negotiations. […]
SEC to Scale Up Market Enforcement in 2026
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has announced plans to significantly scale up enforcement actions in 2026 following the enactment of the Investments and Securities Act (ISA) 2025. It said this move aims at strengthening investor confidence and safeguarding market integrity. The Director-General of the SEC, Dr. Emomotimi Agama, disclosed this while […]
Reps Release Certified True Copies of Four Tax Reform Bills
By Oluwakemi Kindness The House of Representatives Release Certified True Copies of Four Tax Reform Bills on Saturday night released the Certified True Copies (CTCs) of the four major tax reform laws following the circulation of unauthorised and misleading versions. The move, according to a statement is directed by the Speaker of the House, Abbas Tajudeen, […]
SEC to Prioritise Long-term Capital to Bridge Infrastructure Gap
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) says it is prioritising the mobilisation of long-term capital to bridge Nigeria’s infrastructure and sectoral gap. This is while it is streamlining regulatory frameworks and facilitating the issuance of innovative financial instruments to channel disciplined capital into productive sectors of the economy. This was disclosed by […]
I Resigned as Finance Minister to Protect the Office – Kemi Adeosun
By Oluwakemi Kindness Former Minister of Finance, Kemi Adeosun, says her resignation from the cabinet of late President Muhammadu Buhari in September 2018 was a principled decision taken to protect the Office of the Minister of Finance and safeguard her personal integrity. Adeosun made the clarification on Friday while speaking on a Natuonal Television, where […]
Budget Office Defends Integrity of Newly Enacted Tax Reform Acts
By Oluwakemi Kindness The Budget Office of the Federation has defended the integrity of Nigeria’s newly enacted Tax Reform Acts, dismissing claims that the laws were altered after passage and warning against what it described as governance driven by speculation and unverified information. In a statement issued on Wednesday, the Office said allegations of post-passage […]
Nigeria Revenue Service Unveils Official Logo to Replace FIRS
By Oluwakemi Kindness The Nigeria Revenue Service (NRS) has officially unveiled its logo, marking the formal transition from the Federal Inland Revenue Service (FIRS) following the enactment of the Nigeria Revenue Service Establishment Act, 2025. The unveiling ceremony, held on Wednesday in Abuja, comes months after President Bola Tinubu signed the enabling law in June […]
Tinubu Assures Nigerians of Stronger Economy, Improved Security in 2026
By Chinedu Echianu President Bola Tinubu has expressed optimism that 2026 will be a year of greater prosperity, stability and inclusive growth for Nigeria, assuring citizens that the economic reforms embarked upon by his administration are already yielding measurable results. In a New Year address to the nation on January 1, 2026, the President said […]
Nigeria’s PMI Rises to 57.6 Points, Hits Five-Year High — CBN
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says the country’s business activity expanded to its strongest level in about five years in December, with the Composite Purchasing Managers’ Index (PMI) rising to 57.6 points. In a statement issued on Tuesday night by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank […]