By Peter Egwuatu The  Securities and Exchange Commission (SEC) has urged financial sector stakeholders to strengthen and sustain a culture of proactive compliance to safeguard Nigeria’s position in the global financial system following its recent exit from the Financial Action Task Force (FATF) Grey List. Speaking at the Nigerian Capital Market Institute Compliance Summit on Monday, Dr. […]

•Targets mid-2026 for final decision on refineries By Obas Esiedesa, Abuja Nigerian National Petroleum Company Limited, NNPCL, has declared a profit after tax of N5.4 trillion for the 2024 financial year, a growth of 63.6 percent when compared to N3.3 trillion recorded in the previous year.   The company’s revenue also grew to N45.07 trillion from N23.9 trillion […]

By Babajide Komolafe The Central Bank of Nigeria (CBN) is working on a policy that would impose a five-year ban on ‘serial dud cheque issuers’. Under the proposed penalty clause a customer is designated ‘serial dud cheque issuer’ when he/ she issues cheques three times and they are not honoured due to insufficient funds. The CBN announced […]

“For them now to draw up individual contracts for the companies and force it down on them is quite unfortunate. he GenCos have again rejected it”

Dangote Group is set to end Nigeria’s dependence on imported sugar with an investment of more than $700 million sugar expansion plan aimed at boosting local production. Dangote Sugar Refinery, one of the group’s subsidiaries, is planning to invest the money in land development, equipment, infrastructure, training and community engagement, with the aim to build a supply […]

…Says 500,000 direct jobs at risk  The Manufacturers Association of Nigeria (MAN) has warned that the decision to ban the production and sale of alcoholic beverages packaged in sachets and small PET bottles by 31st December, 2025 could lead to the loss of over N1.9 trillion investments by indigenous companies and 500,000 direct, and 5 million indirect […]

By Yinka Kolawole The federal government has stopped receiving applications for the Pioneer Status Incentive (PSI) with effect from November 10, 2025, which implies that corporate organisations will no longer enjoy three-year tax-free incentives for new businesses. The Nigerian Investment Promotion Commission (NIPC) said the move is part of preparations for the full transition to the new […]

By Peter Egwuatu  The Chartered Institute of stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market.   At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. In […]

By Godwin Oritse The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has said that effective Port State Control (PSC) is one of the most potent tools of ensuring global safety and maintenance of environmental standards in shipping. Mobereola who said this at a 5-day Regional Train the Trainer Workshop […]

Peter Egwuatu Barring unforeseen circumstance, the Securities and Exchange Commission (SEC) will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. The commission disclosed this in a statement, noting that the transition from the current T+3 […]