The Securities and Exchange Commission (SEC) has directed capital market operators to renew their registrations between January 1 and January 31, 2026. Emomotimi Agama, SEC director-general, disclosed this during a weekend interview in Abuja. The commission said the renewal window forms part of broader efforts to strengthen regulatory compliance across …

The Nigerian Bar Association and former Vice President Atiku Abubakar, on Tuesday, have raised serious concerns over alleged post-legislative alterations to the recently enacted Tax Reform Acts, calling for the immediate suspension of their implementation. In a statement on Tuesday, NBA President, Mazi Afam Osigwe (SAN), said the controversies surrounding …

Two persons have been confirmed dead, while 19 others sustained injuries in a road accident along the Lokoja–Okene highway on Tuesday. The Sector Commander of the Kogi State Command of the Federal Road Safety Corps (FRSC), Tenimu Etuku, confirmed the incident in a statement issued in Lokoja. Etuku said that …

Chairman, Heirs Energies, Mr. Tony Elumelu and President and Chairman of the African Export-Import Bank (Afreximbank), Dr. George Elombi, during the signing ceremony to mark the execution of a USD 750 million Financing Transaction between Heirs Energies and the Afreximbank in Abuja on Saturday. Nigeria’s indigenous energy firm, Heirs Energy, …

In a major fiscal reset aimed at addressing revenue shortfalls, weak capital execution and overlapping budget cycles, the National Assembly on Tuesday approved a revised N43.5tn 2024 Appropriation Act and a reworked N48.3tn 2025 budget framework, with the 2025 fiscal year extended to March 31, 2026. The approval followed marathon …

The house of representatives has approved the revised N43.56tn 2024 budget after adopting the report of the house committee on appropriations. The approval followed the conclusion of clause-by-clause consideration by the committee of supply and the passage of the budget for third reading at plenary on Tuesday. Tajudeen Abbas, speaker …

The federal government has filed money laundering and illegal funds concealment charges against a former attorney-general of the federation and minister of justice, Abubakar Malami and his son, Abubakar Abdulaziz Malami, before the Federal High Court in Abuja. The charges arise from allegations of money laundering involving funds of unlawful …

The Nigerian naira experienced a market-wide rally on Tuesday as foreign transactions and import payments eased. The Central Bank of Nigeria (CBN) has been funding rising demand for US dollars amidst a sustained decline in FX inflows. FX data published today showed that the naira strengthened by 0.45% to ₦1,449.99/$ …

BY BLAISE UDUNZE By any standard, Nigeria’s ongoing bank recapitalisation exercise is one of the most consequential financial sector reforms since the 2004-2005 consolidation that shrank the number of banks from 89 to 25. Then, as now, the stated objective was stability to have stronger balance sheets, better shock absorption, …

SIFAX Group and the Port Authority Police (Western) Command have resolved to work together to strengthen security at the Lagos ports. According to Dr. Taiwo Afolabi, Chairman, SIFAX Group, while receiving the new Commissioner of Police, Port Authority Police (Western) Command, Mrs. Oluwatoyin Iyabode Agbaminoja, who paid the company a courtesy visit, there is a need for all stakeholders in the nation’s port ecosystem to support the operations of the Command in a bid to ensure security of lives and property, safeguard port infrastructure and guarantee conducive environment for legitimate commercial activities within the nation’s ports. …