The National Pension Commission has granted regulatory forbearance to Pension Fund Administrators (PFAs) to invest pension fund assets in the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. The approval was conveyed in a circular issued by the commission and addressed to all licensed pension fund operators. The circular, signed by…
By Seun Ibiyemi Abbey Mortgage Bank Plc has scheduled its Annual General Meeting (AGM) for Monday, May 25, 2026, at 11:00 a.m., as the lender intensifies efforts to strengthen its digital transformation strategy and expand shareholder engagement. The meeting, themed “Shaping the Future,” will be conducted virtually, reflecting the bank’s digital-first approach to corporate governance…
By Seun Ibiyemi The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a landmark Memorandum of Understanding (MoU) on data sharing aimed at improving economic decision-making and policy formulation in Nigeria. The agreement was signed on Wednesday, at the CBN Head Office in Abuja by NiMet’s Director-General and Chief Executive…
…Pushes for deeper economic cooperation By Seun Ibiyemi President Bola Ahmed Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held at the Africa Forward Summit in Nairobi, Kenya, describing the engagements as a sign that both countries are shifting from diplomatic dialogue to concrete economic delivery. This was stated in a…
…Says Nigeria’s tax system suffered from structural weaknesses By Seun Ibiyemi Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that the country can no longer rely heavily on borrowing to finance development, stressing the need for a sustainable fiscal system capable of supporting key sectors of the economy. Oyedele…
By Seun Ibiyemi The Nigerian Economic Summit Group (NESG) has raised fresh concerns over Nigeria’s debt profile, warning that recent improvements in headline indicators do not reflect a real easing of fiscal pressure on government finances. In its Debt Burden Monitor for the fourth quarter of 2025, the policy think tank said the country remains…
…As Freetown hosts 32nd WCO West, Central Africa Customs conference By Seun Ibiyemi The Comptroller-General of the Nigeria Customs Service (NCS) and Chairperson of the World Customs Organisation (WCO) Council, Adewale Adeniyi, MFR, has reaffirmed Nigeria’s commitment to regional modernisation and collective growth. Speaking at the 32nd Conference of Directors-General of Customs for the West…
By Seun Ibiyemi The Nigeria Employers’ Consultative Association (NECA) has raised concerns over the newly signed refinery agreement between the Nigerian National Petroleum Company Limited (NNPCL) and Chinese firms, calling for transparency, accountability, and governance reforms in the nation’s refinery operations. NECA Director-General, Adewale-Smatt Oyerinde, made the position known in a statement issued on Sunday…
By Seun Ibiyemi The Nigeria Customs Service (NCS), on Thursday, 7 May 2026, declared open a four-day capacity-building workshop for journalists in Abuja as part of efforts to deepen media understanding of the Service’s ongoing Trade Modernisation Project and broader digital transformation agenda. The workshop, themed “Enhancing Media Knowledge and Understanding of Customs Modernisation Project,”…
By Seun Ibiyemi FirstHoldCo Plc has opened the 2026 financial year with a powerful rebound, posting a 72 per cent year-on-year increase in profit before tax to N321 billion in the first quarter of 2026 from N186.47 billion in the corresponding period of 2025. The performance marks a significant turning point for the financial services…
