Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has stepped up its supervision of terrorism financing risks across the financial sector as part of measures to strengthen the integrity of the nation’s financial system. The apex bank, in
Barbara Bako, Abuja. The Federal Government’s Economic Management Team (EMT) has approved the establishment of an inter-agency committee to harmonise Nigeria’s macroeconomic assumptions for budgeting and economic planning, in a move aimed at improving policy coordination, strengthening fiscal
Barbara Bako, Abuja. The Nigeria Sovereign Investment Authority (NSIA) says its investments in Nigeria’s healthcare sector have saved the country more than $200 million in foreign exchange by reducing dependence on overseas medical treatment while expanding access to
Barbara Bako, Abuja. Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, its fastest pace in over a year, reinforcing the Federal Government’s ambition of building a $1 trillion economy by 2030. The
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) says diaspora remittance inflows through formal channels climbed to a record $947 million in July 2026, bringing the apex bank within reach of its $1 billion monthly remittance target. The
Barbara Bako, Abuja. The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have sealed a partnership aimed at boosting investor confidence and attracting more foreign direct investment (FDI) into Nigeria’s oil and
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued fresh licences to additional insurance companies that have met and verified compliance with the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The
Barbara Bako, Abuja. The Federal Government says the removal of fuel subsidy generated N15.8 trillion in savings for the Federation between June 2023 and December 2025, with states and local governments receiving N10.4 trillion of the proceeds. Minister
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has approved the sharing of ₦3.007 trillion to the Federal Government, 36 states and 774 local government councils as revenue for July 2026. The decision was reached at FAAC’s
Barbara Bako, Abuja. The Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the funds, assets and other economic resources belonging to six individuals and three entities designated as terrorism financiers by the Nigeria
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