Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
NCRIB gives reason for issuing operational licence
The Nigerian Council of registered Insurance Brokers, NCRIB, has said that an insurance broker seeking operational licence to establish a broking firm in the insurance sector must have ACII qualification as well as five years operational experience.
AFAN wants FG to stop importation of food items
All Farmers Association of Nigeria (AFAN) has called on the Federal Government to stop the importation of food for the success of the current Agricultural Transformation Agenda. The Financial Secretary of the association, Dr Tunde Arosanyin, made the call in an interview with the News Agency of Nigeria (NAN).
‘Insurance sector not ready for celebrity insurance’
Celebrity insurance has not taken off in the Nigerian insurance market because the entertainment sector is still developing in the country.
FG secretly indulges in discretionary oil block awards
The Federal Government has again, secretly indulged in the discretionary award of oil blocks in Nigeria, a development that contravenes global practice of open bidding and a negation of the Extractive Industry Transparency Initiative, EITI, of which Nigeria is signatory.
FMBN set to clear pension arrears of N364m
Federal Mortgage Bank of Nigeria (FMBN) is set to pay up the pension arrears of its pensioners totaling N363,585,854.28.
