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Leadway Holdings Limited, one of Nigeria's largest diversified financial services groups, has unveiled a major strategic move to acquire full ownership of Pensions Alliance Limited (PAL Pensions), one of the country’s leading Pension Fund Administrators (PFA). The transaction, confirmed in a statement by Leadway Holdings on Sunday, also covers the transfer of ownership stakes from ...
By Olakunle Oke The Federal Government has announced a sweeping plan to restructure the Nigerian Postal Service (NIPOST) through a franchise model designed to boost efficiency and expand service delivery across the country. The reform, led by Postmaster General Tola Adeyemi, is set to unify the long-fragmented postal system and transform Post Offices into one-stop ...
A total of ₦39.86 billion was disbursed to 8,408 Retirement Savings Account (RSA) holders in the first quarter of 2025 as equity contributions for residential mortgages. The Chief Executive Officer of the Pension Fund Operators Association of Nigeria (PenOp), Mr Oguche Agudah, confirmed the development in an interview with journalists on Tuesday in Lagos. Agudah ...
By Olakunle Oke CBN Policies, Renewed Confidence Drive Surge in Diaspora Remittances The Nigerians in Diaspora Commission (NiDCOM) has credited recent Central Bank of Nigeria (CBN) policies and growing confidence in the nation’s financial system for a sharp rise in remittances from Nigerians abroad. NiDCOM Chairman and Chief Executive Officer, Abike Dabiri-Erewa, made the remarks ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has partnered with Mastercard to launch a prepaid card designed to expand financial access and promote digital payment adoption across Africa. Announced on Tuesday, the card aims to bring banking services to individuals who have long been excluded from formal financial systems, including young adults, gig ...
By Seun Ibiyemi President Bola Ahmed Tinubu has declared that Nigeria will no longer rely on domestic borrowing to finance its operations after his administration surpassed its projected non-oil revenue target for 2025. Addressing a delegation of the Buhari Group on Tuesday at the Presidential Villa, the President announced that non-oil tax revenue for the ...
In a heartfelt tribute to a decade of visionary leadership, President Bola Ahmed Tinubu has extolled the remarkable leadership and achievements of Dr. Akinwumi Adesina, the outgoing President of the African Development Bank (AfDB) Speaking at the book unveiling and send-off ceremony held at the African Development Bank Headquarters in Abidjan, Côte d'Ivoire, the President ...
A mechanic in Lagos, a computer technician in Osun, a retired civil servant in Abuja, and a wood merchant in Imo are the latest everyday Nigerians to become millionaires through First City Monument Bank's (FCMB) ongoing Millionaire Promo Season 10. Yusuf Abdulrasak, an automobile mechanic; Taiwo Adeagbo, a computer technician; Victor Ifeachor, a retired civil ...
By Seun Ibiyemi The Nigeria Customs Service (NCS), Federal Operations Unit, Zone A (FOU A), has announced major interceptions of firearms, ammunition, and two industrial drones in coordinated enforcement operations across the Southwest region. According to a statement signed by Comptroller Mohammed Shuaibu, the seizures were part of an ongoing offensive against smuggling networks threatening ...
Stanbic IBTC Bank has restated its commitment to promoting a sustainable savings culture in Nigeria with the successful hosting of the fourth monthly draw of its Reward4Saving Promo – Season 4. The event, held in Lagos, produced 70 winners across the Bank’s seven business zones, each walking away with ₦100,000. Winners qualified by maintaining a ...
Hon. Abike Dabiri-Erewa, Chairman/CEO Nigerians in Diaspora Commission (NIDCOM) has attributed the recent unprecedented increase in diaspora remittances to the Renewed Hope policies of the Central Bank of Nigeria and the trust and confidence Nigerians in diaspora have in the system. In a statement issued by the Commission's Spokesperson, Abdur-Rahman Balogun, she described the boost ...
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded a high-level strategic retreat aimed at aligning its operations with both Presidential and Ministerial priorities for the maritime and blue economy sector. The retreat, which brought together departmental and unit heads, culminated in the signing of Performance Bonds with the Agency’s Executive ...
The Corporate Affairs Commission (CAC) has postponed the rollout of revised fees for its services, setting a new implementation date of October 1. In a public notice issued over the weekend in Abuja, the Commission said the decision was taken to prioritise the full stabilisation of its upgraded Company Registration Portal (CRP), which is expected ...
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr Jami Ibrahim, has said Nigeria’s ambition of achieving a one trillion-dollar economy by 2030 is ambitious yet attainable, provided the country fully harnesses the potential of its youth through digital transformation. Dr Ibrahim made the statement at the weekend ...
Industry leaders at the NOG Energy Week in Abuja have thrown their weight behind the Nigerian Content Development and Monitoring Board (NCDMB), defending Nigeria’s local content policy against claims that it inflates costs in the oil and gas sector. During a high-profile panel session titled “Technology as a Business Strategy”, experts praised the Board’s pivotal ...
The Nigerian Content Development and Monitoring Board (NCDMB) says it will fully champion the Federal Government’s newly introduced “Nigeria First” policy, a strategic directive aimed at deepening local production, boosting indigenous capacity and reducing reliance on imported goods and services in the oil and gas sector. This was contained in a statement signed by the ...
The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned traders across Lagos to stop the deliberate inflation of prices and to guarantee that their goods meet safety and authenticity standards. Speaking at a Market Engagement Forum hosted by the commission in Lagos, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr ...
The Federal Government has restated its focus on institutional efficiency and staff wellbeing with the commissioning of Compressed Natural Gas (CNG) buses at the Federal Ministry of Finance in Abuja. This development was made known in a statement by Mr Mohammed Manga, Director of Information and Public Relations at the ministry. Speaking at the commissioning, ...
Chairman of the Presidential Committee on Tax Policy and Fiscal Reform, Mr Taiwo Oyedele, has stated that the economic reforms initiated under President Bola Tinubu’s administration rescued Nigeria from imminent financial collapse and laid the groundwork for long-term recovery. Speaking in Lagos on Wednesday at the inaugural Annual Workshop for Attorneys-General on emerging issues in ...
By Seun Ibiyemi The Federal Government of Nigeria has received Tanzania’s endorsement for its bid into Category C of the International Maritime Organization (IMO) Council. The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola disclosed this in a statement by his Special Adviser on Media and Communications, Dr Bolaji Akinola, on Wednesday in Abuja. ...
Mr Felix Madumere, Rivers Controller, Nigeria Correctional Service (NCS) has reaffirmed commitment to inmates welfare, saying that the facility does not remand juveniles. Madumere made the remark in Port Harcourt on Wednesday in a media briefing while reacting to allegations that one Mr Sunday Baridi was remanded at the age of 14 before he was ...
