The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons
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 Federal Competition and Consumer Protection Commission (FCCPC) has unsealed the headquarters of Ikeja Electric Plc after the company committed to a binding undertaking to comply with the remedial process following consumer rights violations. FCCPC had on December 11, 2025
 The National Pension Commission (PenCom) said it has begun the disbursement of the N758 billion Bond approved by the Federal Government to clear outstanding pension liabilities earlier in the year. PenCom Director-General, Ms Omolola Oloworaran who disclosed this 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
Nigeria Deposit Insurance Corporation (NDIC)Â has commenced the liquidation of Aso Savings and Loans Plc and Union Homes Plc following the revocation of their licenses by the Central Bank of Nigeria (CBN) on December 15, 2025 while assuring the entire
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, in a decisive move that signals tighter regulatory enforcement and an intensified clean-up of Nigeria’s
The Federal Competition and Consumer Protection Commission (FCCPC) has announced an expansion of the scope of existing investigation into pricing templates behind rates charged for tickets by some airlines on some domestic routes following public inquiries, with a view to
The Securities and Exchange Commission (SEC) has called for the freezing of bank accounts belonging to CBEX and other defendants with commercial banks or other financial institutions in Nigeria. In the case of IST/OA/02/2025 Securities and Exchange Commission & Anor
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