The Chairman of the Investments and Securities Tribunal (IST), Amos Azi, has disclosed that the newly enacted Investments and Securities Act now prescribes punitive measures of no less than ten million naira against operators of Ponzi schemes. Azi made this
The Nigeria Sovereign Investment Authority (NSIA) is scheduled to host the fourth annual meeting of the Africa Sovereign Investors Forum (ASIF 2025) in Abuja, Nigeria from 16th to 17th June 2025. NSIA in a statement said the high-level convening will
The African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025. It reveals that Afreximbank Group delivered satisfactory financial performance for the first quarter of 2025,
President Bola Ahmed Tinubu has approved the appointment of Mr. Disun Holloway as Chairman of Theatre Partners, the entity charged with overseeing the operations and revitalisation of the iconic National Theatre, Lagos, renamed the Wole Soyinka Centre for Culture and
The Federal Government has unveiled the Nigerian Climate Investment Platform (NCIP), a country-led initiative designed to mobilize up to $500 million in climate finance for infrastructure, resilience, and adaptation projects. It described it as a significant stride towards unlocking green
The National Insurance Commission (NAICOM) has officially launched the Revised Regulation on Insurance for Leased and Financed Aircrafts, a development that is set to strengthen Nigeria’s aviation and insurance industries, enhance investor confidence, and promote ease of doing business in the country. The unveiling
IMF’s Chief Economist, Pierre-Olivier Gourinchas has sounded the alarm on the Preservation of the Independence of Central Banks. This is following U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, as he underlined the importance of maintaining their
The European Union has expressed keen interest in expanding trade and investment of member countries to Nigeria’s solid minerals sector. European Ambassador to Nigeria and ECOWAS, HE Gautier Mignot disclosed this during a courtesy visit to the Minister of Solid
Multilateral Bank African Export-Import Bank (Afreximbank) has officially commissioned its first Afreximbank African Trade Centre (AATC) in Abuja, Nigeria, ushering in a transformative era for trade and investment in Africa. George Akume, Secretary to the Government of Federation, who represented
The Federal Government is engaging with the Japan International Cooperation Agency (JICA) to support 500,000 farmers ahead of the 2025 wet season, to enhance food security and rural prosperity. Mohammed Manga, Director, Information and Public Relations, Ministry of Finance in a
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