Nigeria Posts $4.6bn Balance of Payments Surplus in Q3 2025 – CBN
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says Nigeria recorded an overall Balance of Payments (BOP) surplus of $4.60 billion in the third quarter of 2025, a turnaround from the deficit recorded in the previous quarter. According to the CBN in a satement on Tuesday night, the improvement was driven by a current […]
No Extension for July 30, 2026 Recapitalisation Deadline – NAICOM
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has declared that there will be no extension of the July 30, 2026 recapitalisation deadline for insurance companies operating in Nigeria. The Commissioner for Insurance, Olusegun Ayo-Omosehin, stated this on Tuesday in Abuja while speaking at a seminar for insurance journalists. He was represented at the event […]
NDIC Seeks Exemption from 50% Cost-to-Income Policy
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is seeking an exemption from the Federal Government’s 50 per cent cost-to-income ratio policy. The NDIC cited its impact on the Corporation’s ability to build a strong Deposit Insurance Fund and respond effectively to bank failures. The Managing Director and Chief Executive of NDIC, […]
PTAD Expresses Readiness to Collaborate With States on Pension Administration
By Oluwakemi Kindness The Pension Transitional Arrangement Directorate (PTAD) has reaffirmed its willingness to work with state governments to improve pension administration. This is particularly in the area of verification and payment processes, stressing that provided such collaboration is formally requested. PTAD’s Assistant Director, I.T department, Adamu Ismaila, stated this on the sideline of an […]
New Tax Framework to Cut Operating Costs for Airlines — FG
By Oluwakemi Kindness The Presidential Fiscal Policy and Tax Reforms Committee has dismissed claims that Nigeria’s new tax laws will negatively affect the aviation industry. Rather it is insisting that the reforms are designed to ease long-standing cost pressures on airlines rather than worsen them. In a statement on monday, the committee acknowledged the genuine […]
Reps Minority Caucus Seeks Suspension of New Tax Laws
By Oluwakemi Kindness The Minority Caucus of the House of Representatives has called on the Federal Government to stop the implementation of the newly enacted tax laws, citing ongoing allegations of unlawful alterations to the versions passed by the National Assembly. The call follows comments by the Chairman of the Presidential Committee on Fiscal Policy […]
We Stood by Tinubu in Difficult Times, Wike Reaffirms Loyalty
By Sofiat Adenekan-Abul The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has reaffirmed his unwavering support for President Bola Tinubu. He said those who stood by the President when it was politically difficult will continue to support him now that things are easier. Wike said he and his supporters openly backed Tinubu during […]
House Orders Re-Gazetting of 2025 Tax Laws After Public Concerns
By Oluwakemi Kindness The House of Representatives has directed that four major tax reform laws passed in 2025 be re-gazetted. This became necessary following public concerns over how the bills were processed, assented to, and published. The affected laws are the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; Joint Revenue Board of Nigeria […]
PenCom Urges CSOs to Drive Accountability in Pension Reform
By Oluwakemi Kindness The National Pension Commission, PenCom, has called on civil society organisations to serve as partners and watchdogs in ongoing Pension Reform 2.0. The call comes as the Federal Government settles long-standing pension liabilities and rolls out reforms aimed at rebuilding trust in the pension system. Speaking on Tuesday, in Abuja, at the […]
Customs Seizes 20 Diverted Containers Worth ₦769.5m
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has intercepted 20 diverted transit containers valued at ₦769.5 million, in a major crackdown on cargo diversion across the Kano–Jigawa axis. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this during a press briefing in Kano, describing the seizures as part of intelligence-driven operations to protect government revenue […]