Archives for September 29, 2025
Petrol exports hit N371bn amid heavy import reliance
Fuel Nigeria exported Premium Motor Spirit, popularly known as petrol, worth in the second quarter of 2025, marking the first recorded shipment of the product after the Dangote Petroleum Refinery…
Banks face pressure as CBN tightens liquidity rules
Banks, especially those with heavy government deposit exposure, may need to find alternatives to drive private sector funds into their coffers, as the Monetary Policy Committee of the Central Bank…
Capitalisation: PFAs face 15-month deadline to raise N20bn
The National Pension Commission has increased the minimum capital requirements of Pension Fund Administrators and Pension Fund Custodians to N20bn and N25bn, respectively, with a deadline of 31 December 2026…
3,700 Youths to Benefit as NCDMB Launches Digitalization Training
BY NGOZI ONYEAKUSI In line with its capacity building mandate, the Nigerian Content Development and Monitoring Board (NCDMB) is set to begin a comprehensive digitalization training programme targeting 3,700…
Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry
BY BLAISE UDUNZE It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR billion (about $21-22 billion), while the…
Rex Insurance Managing Director Honoured at BusinessDay Top 25 CEO Award
BY NGOZI ONYEAKUSI The 2025 edition of the prestigious BusinessDay Top 25 CEOs Awards, held on September 25, 2025, recognized the exceptional leadership of Mrs. Ebelechukwu B. Nwachukwu, Managing Director…
Finance Minister to give Keynote address at FiBOP National Annual Conference 2025
BY NGOZI ONYEAKUSI The Honourable Minister of Finance and Coordinating Minister of Nigerian Economy, Edun will lead robust discussions on how to transform and grow the nation's economy to one…
SEC raises alarm over AI-generated investment scams in Nigeria
BY NGOZI ONYEAKUSI SEC DG Agama The Securities and Exchange Commission (SEC) has warned Nigerians to beware of a rising wave of artificial intelligence (AI)-driven scams that are targeting unsuspecting…
PenCom orders reporting of dollar pensions above $10,000
DG, PenCom The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to report all foreign currency pension contributions above $10,000 to the Nigeria Financial Intelligence…
AIICO Crowned “Outstanding Insurance Company of Year” at 2025 Marketing Edge Awards
BY NGOZI ONYEAKUSI AIICO Insurance Plc, a trailblazer in Nigeria’s insurance industry, has once again earned top honours as it clinched the coveted “Outstanding Insurance Company of the Year” award…
