Former Minister of Finance, Mrs. Kemi Adeosun, has revealed that she resigned as a minister from the cabinet of President Muhammadu Buhari in September 2018 to protect the Office of the Minister of Finance. Adeosun made this known on Friday
A new revenue administration officially begins in the country today as the Nigeria Revenue Service (NRS) which replaces the now rested Federal Inland Revenue Service (FIRS) unveils its institutional brand identity. NRS came into operation following the signing of its
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC
The National Insurance Commission (NAICOM) has restated that there will be no extension of the recapitalisation exercise deadline for insurance companies across the country, insisting that they must be completed by the legally stipulated deadline of July 30, 2026 as
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending NIRSAL Plc is closing 2025 with total approved credit guarantees for over N100 billion in loans and investments in agriculture and agribusinesses across Nigeria, enabling partner financial institutions to extend credit
The Budget Office of the Federation has reaffirmed the integrity of Nigeria’s newly enacted Tax Reform Acts, cautioning against what it described as governance by speculation and unverified claims following allegations of post-passage alterations. The Budget Office in a statement
The Central Bank of Nigeria (CBN) has reported a further strengthening of domestic economic activity in December 2025, as the Composite Purchasing Managers’ Index (PMI) maintained its position above the 50-point expansion threshold. A statement by the Bank’s Acting Director
The World Bank has approved the Fostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE) project, a $500 million financing package to Nigeria. The operation according to the bank comprises a $400 million International Bank for Reconstruction and Development (IBRD) loan
FCMB Pensions, a subsidiary of FCMB Group Plc, say it is targeting N1.2trillion assets growth by the end of 2025 despite domestic and global economic uncertainties. This was disclosed Christopher Bajowa Managing Director of the Pension Fund Administrator (PFA) on
Barbara Bako, Abuja. Nigeria has reaffirmed its commitment to macroeconomic stability, transparent markets and predictable policies as the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the
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