NSIA grows net assets to N4.88tn amid FX losses

Barbara Bako, Abuja. The Nigeria Sovereign Investment Authority (NSIA) has reported a rise in its net asset value to N4.88tn for the 2025 financial year, underpinned by improved earnings, disciplined…

Oyedele: Africa must finance its own development

Barbara Bako, Abuja. Nigeria’s Minister of State for Finance, Taiwo Oyedele, has urged African countries to take full responsibility for their development by strengthening tax systems and boosting domestic resource…

CBN concludes banking sector recapitalisation, raises N4.65tn

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, with Nigerian banks raising a total of N4.65 trillion over…

SEC DG seeks stronger collaboration to grow Nigeria’s capital market

Barbara Bako, Abuja. The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called for stronger collaboration among stakeholders in Nigeria’s financial system to unlock the full potential…

Gawuna resigns as FMBN chairman, set to defect

The Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Nasiru Gawuna, has resigned from his position. Reports indicate that Gawuna has finalized plans to defect…

JUST IN: Former Kaduna Governor El-Rufai loses mother

Hajiya Umma El-Rufai, mother of a former Kaduna State Governor, Nasir El-Rufai, has died. Her death was announced on Friday by her grandson in a post on Facebook. “Inna lillahi…

Disu reshuffles senior officers to improve Police service delivery

The Inspector-General of Police, Olatunji Rilwan Disu, has approved a major redeployment of senior officers across the Nigeria Police Force to boost operational efficiency, strengthen leadership, and enhance service delivery…

SEC, NOA launch nationwide Anti-Ponzi campaign

Barbara Bako, Abuja. The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) have formalised a partnership to intensify nationwide public awareness campaigns against illegal investment schemes, popularly…

EFCC evicts Malami, family from Abuja residence

Former Attorney-General of the Federation, Abubakar Malami (SAN), on Tuesday confirmed that operatives of the Economic and Financial Crimes Commission forcefully evicted him and his family from their Abuja residence,…

FG signs presumptive Tax rules to broaden Tax base

Barbara Bako, Abuja. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Tuesday signed the Presumptive Tax Regulations, declaring that the Federal Government has moved from…