Sunday, August 17, 2025

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CBN RAISES BENCHMARK MPR BY 200 BASIS POINTS TO 24.75%.

 The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%. This was disclosed by the...

INSURANCE INDUSTRY RECORDED N1.003TRILLION AT CLOSE OF 2023.

The Insurance industry of Nigeria has sustained its progressive trend of positive market performance at the close of 2023 fourth quarter, recording a milestone...

NDIC AND EFCC STRENGTHEN PARTNERSHIP TO CURB FINANCIAL CRIMES IN THE BANKING SECTOR The Nigeria Deposit Insurance Corporation (NDIC)  says it's remains committed to ensuring...

IMPORT DUTIES: FG CANCELS  25% PENALTY ON IMPROPERLY IMPORTED VEHICLES

The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day...

FAAC SHARES N 1,152.756 BILLION FEBRUARY 2024 REVENUE TO FG, STATES AND LGCs.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N 1,152.756 billion February 2024 Federation Account Revenue to the Federal Government,...

TRADE FACILITATION:  NEPC PARTNERS NCS  ON OPERATIONALIZATION OF THE DOMESTIC EXPORT WAREHOUSE 

The Nigerian Export Promotion Council NEPC and the Nigerian Customs Service (NCS) have reaffirmed their commitment to provide seamless trade facilitation for exporting companies. This...

FOREX CRISIS:  CBN CLEARS VALID FX TRANSACTIONS TO ELIMINATE LEGACY BACKLOG.

 The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the...

FG TO LAUNCH SUGAR MASTER PLAN PHASE II as INDUSTRY REQUIRES $3.5BN INVESTMENTS 

The Federal Government is set to formally unveil Phase II of the Nigeria Sugar Master Plan (NSMP). This, according to the Executive Secretary of the...

DISABILITY STUDIES:: NCPWD RECEIVES WESLEY UNIVERSITY INTO AWARD OF FULL DEGREE PROGRAMS

To further expand the coverage of Universities that will be awarding full degree programs in disability studies, the Executive Secretary, National Commission for Persons...

NUPRC REFUTES CLAIMS ON NON REMITTANCE OF FUNDS

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refutes the report carried by a national daily of alleged unremitted funds into the Federation Account. NUPRC...

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NDLEA ARRESTS NOTORIOUS KINGPIN, SEIZES DRUGS WORTH BILLIONS.

    Three years after launching a manhunt, operatives of the National Drug Law Enforcement Agency have finally arrested a notorious drug kingpin, Sunday Ibigide, in...

CCC COMMENDS KEYAMO’S HANDLING OF AVIATION SECTOR DISPUTES.

The Centre for Crisis Communication (CCC) has commended the Minister of Aviation and Aerospace Development, Chief Festus Keyamo, SAN, for what it described as...

AGRICULTURE MINISTRY, NDLEA PARTNER ON DRUG CONTROL, REHABILITATION…… KYARI PLEDGES AGRICULTURAL SUPPORT FOR ALTERNATIVE LIVELIHOODS, REHAB REINTEGRATION

  The Federal Ministry of Agriculture and Food Security has pledged full support to the National Drug Law Enforcement Agency (NDLEA) in creating sustainable alternatives...

NAICOM COMMENCES IMPLEMENTATION OF NEW CAPITAL REQUIREMENTS FOR INSURANCE SECTOR.

  The National Insurance Commission (NAICOM) has announced the commencement of the recapitalisation exercise for all insurance and reinsurance companies in Nigeria, following the enactment...