The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven fintech and digital asset firms for admission into its Accelerated Regulatory Incubation Programme (ARIP), a move aimed at promoting innovation in Nigeria’s capital market while
Barbara Bako, Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers as part of efforts to strengthen
Barbara Bako, Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers as part of efforts to strengthen
The World Bank Group has endorsed a new Country Partnership Framework (CPF) for Nigeria spanning 2026–2032, setting out a strategy to create more and better jobs at scale by unlocking private sector–led growth. As part of this broader support, the
Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to
The Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect from July 1, 2026, in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions
Barbara Bako, Abuja. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and improve investor confidence
Barbara Bako, Abuja. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has pledged to strengthen regulatory certainty and collaboration with legal practitioners to attract more investment into Nigeria’s petroleum sector, as the Federal Government warned against profiteering
Barbara Bako, Abuja. The ECOWAS Bank for Investment and Development (EBID) has approved a $268 million financing package for three major development projects in Taraba State aimed at boosting industrialisation, agriculture and renewable energy. The loan agreements were signed on
Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) says more than 98 per cent of bank depositors in Nigeria are now fully covered under the country’s deposit insurance scheme following a significant increase in the maximum insured deposit
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