Browsing Tag
Finance
121 posts
NAICOM issues final reminder for July 31 insurance recapitalisation deadline
NAICOM Commissioner Olusegun Ayo Omosehin has urged insurance companies to meet the July 31 recapitalisation deadline, emphasizing that the requirement is essential for industry stability and service improvement.
President Tinubu mandates unified regulation for virtual assets and launches new oversight council
President Tinubu has issued an executive order to unify the regulation of virtual assets in Nigeria by creating a specialized council to improve oversight and protect the digital economy.
NGX Investors Lose N32 Billion Following Two-Day Rally
The Nigerian stock market retreated on Thursday, as investors lost N32 billion in capitalization despite a positive year-to-date performance.
Nigerian Government and UNDP Partner to Boost Sovereign Credit Rating
Nigeria has launched a collaborative effort with the UNDP to improve its sovereign credit rating, aiming to reduce borrowing costs and better align its credit profile with current economic reforms.
Senate Committee and NNPC Officials Refute Claims of ₦210 Trillion Missing from Financial Records
Bala Wunti and Senator Ibrahim Dankwambo have publicly stated that there is no proof of ₦210 trillion missing from NNPC accounts, attributing the confusion to a misinterpretation of financial data.
June 2026 Federation Account Revenue: Federal, State, and Local Governments Split N2.550 Trillion
Nigeria's three tiers of government shared N2.550 trillion in June 2026 revenue, with the federal, state, and local councils receiving specific allocations based on statutory and VAT earnings.
Senate Issues Warning to MDAs Over Ignoring Legislative Summons
The Senate Committee on Finance has warned government agencies of impending sanctions for ignoring summons, specifically ordering the Ogun-Osun River Basin Development Authority to reconcile its financial records within two weeks.
SpaceX Stock Price Declines Below Initial Offering Value
SpaceX shares have fallen below their $135 debut price for the first time since the company went public last month, marking a 41% decline from its peak.
House Committee Demands Accountability for ₦34 Trillion Customs Waivers and Revenue Discrepancies
The House of Representatives Committee on Finance has ordered the Nigeria Customs Service to disclose details on ₦34 trillion in import waivers and resolve discrepancies in their revenue reporting.
New Regulations Imposed on Buy Now Pay Later Services
New FCA regulations for Buy Now Pay Later services provide consumers with stronger protections and refund rights, but stricter affordability checks could lead to more loan rejections.