Coinsurance ban puts spotlight on Nigeria’s Takaful industry

By Barbara Bako, Abuja. A new regulatory guideline banning coinsurance arrangements between conventional insurance and Takaful companies represents a significant shift for the industry. This change will test the resilience…

FG, States, LGs share N2trn July revenue

Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has shared a total of N2.001 trillion as federation revenue for July 2025 among the Federal Government, States, and Local Government…

Jaiz Bank crosses ₦1trn asset mark, posts 121% surge in profit

Barbara Bako, Abuja. Jaiz Bank Plc has recorded its strongest financial performance yet, crossing the N1 trillion asset threshold and more than doubling its profit before tax in the 2024…

Edun, Cardoso, Adedeji unite on economic agenda

Barbara Bako, Abuja. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic meeting with the Governor of the Central Bank of Nigeria (CBN),…

Ogunjimi elected AAAG deputy chair

Barbara Bako, Abuja. The Accountant General of the Federation, Mr. Shamseldeen Babatunde Ogunjimi, has been elected Deputy Chairperson of the Executive Committee of the African Association of Accountants General (AAAG).……

Marketers oppose NMDPRA’s decommissioning rule

Barbara Bako, Abuja. Marketers and Retail outlet owners have objected to new provisions on filling station decommissioning and abandonment in the draft 2025 Midstream and Downstream Petroleum Safety and Environmental…

Nigeria’s economy poised for takeoff as Edun hails rebasing and Q1 growth

Barbara Bako, Abuja. Nigeria’s economic outlook received a major boost following the release of newly rebased Gross Domestic Product (GDP) figures and a stronger-than-expected 3.13% growth in the first quarter…

Edun commissions CNG buses, pledges boost to staff welfare

Barbara Bako, Abuja The Federal Government has applauded the launch of the Produce for Lagos Programme and ₦500 Billion Off-Take Guarantee Fund, saying the initiative aligns with President Bola Ahmed…

NNPCL GCEO pushes for unified W’African fuel market

Barbara Bako, Abuja The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Bayo Ojulari, has called for urgent regional integration to transform West Africa…

NMDPRA leads Africa’s first refined fuel price benchmark

Barbara Bako, Abuja. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stepped forward as the institutional engine behind Africa’s push to create its first regional benchmark for refined…