Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening the country’s Deposit Insurance Funds (DIFs) to safeguard depositors and enhance the stability of the financial system amid potential banking sector shocks. Managing Director and
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued Nigeria’s first operational licence to a partnering insurtech firm, a move seen as a major step in the regulator’s drive to deepen innovation, strengthen consumer protection and modernise the
Barbara Bako, Abuja. Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, driven largely by strong performance in the non-oil sector, particularly telecommunications, agriculture, finance and trade, even as crude oil production declined
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Thursday defended the ongoing reforms at the apex bank and warned against a return to interventionist monetary policies, saying such measures previously weakened the institution’s
Barbara Bako, Abuja. The African Tax Administration Forum (ATAF) says audit interventions carried out across member countries generated tax assessments worth $907.8 million in 2025, with governments successfully collecting $685.8 million as African countries intensify efforts to strengthen domestic revenue
Barbara Bako, Abuja. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR), otherwise known as the benchmark interest rate, at 26.5 per cent as it seeks to sustain disinflation and preserve
Barbara Bako, Abuja. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has defended the continued issuance of petrol import licences by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), warning against any move that could
Barbara Bako, Abuja. The Debt Management Office (DMO) says the Federal Government’s bond auction conducted on May 18, 2026 attracted a total demand of ₦796.17 billion, reflecting sustained investor interest in government securities. In a press release, the DMO disclosed
Barbara Bako, Abuja. The Securities and Exchange Commission has announced that Nigeria’s capital market will transition to a T+1 settlement cycle for equities and commodities transactions from June 1, 2026, as part of efforts to modernise the market and align
Barbara Bako, Abuja. The Federal Government has unveiled digital platforms for the Office of the Tax Ombud as part of ongoing efforts to improve taxpayer protection, dispute resolution and transparency in Nigeria’s tax administration system. The platforms include an official
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