NAICOM revokes Nigeria Reinsurance licnence
Cites failure to meet capital requirement The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation…
NAICOM issues new licence certificates to recapitalised firms
The National Insurance Commission (NAICOM), on Tuesday at its headquarters in Abuja, presented new Licence Certificates to insurance companies that…
Nigeria’s rising foreign reserves reflect investor confidence, says CBN
The Central Bank of Nigeria (CBN) has attributed the country’s rising foreign reserves to renewed investor confidence and sustained capital…
How digital banking is driving cheques into extinction
Cheques, the once dominant means of corporate settlements, are now facing digital extinction. The rise in digital payments is submerging…
Naira faces fresh pressure as dollar demand rises
With the naira recording a 0.57 per cent appreciation in the month of July, there are concerns that the modest…
Banks’ deposits rise 670% to N83.95 trillion
Banks’ deposits in the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) recorded a sharp increase by 670.2 percent…
DMO unveils August bonds with returns nearing 15%
The Debt Management Office (DMO) has commenced subscriptions for its August 2026 Federal Government Savings Bond programme, offering retail investors…
NRS issues new guidelines on virtual assets taxation
The Nigeria Revenue Service (NRS) has issued new Guidelines on the Taxation of Virtual Assets, establishing an administrative framework to…
CBN lists five strategies to drive Nigeria’s finetech growth
The Central Bank of Nigeria (CBN) says the next stage of fintech development in Nigeria must focus on five important…
Insurance recapitalisation: NAICOM clears 43 insurers
The National Insurance Commission (NAICOM) has officially announced the successful completion of the country’s 12-month insurance sector recapitalisation exercise, describing…