eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
CBN to create short code to fast-track complaint resolution
The Central Bank of Nigeria (CBN) yesterday said it is working with the Nigerian Communications Commission (NCC) to create an industry-wide short code that will allow consumers to communicate with their financial institutions anytime, anywhere, with or without internet access. The Director, Consumer Protection and Financial Inclusion Department, CBN, Dr. Aisha Isa-Olatinwo, disclosed this at a […]
Total pension fund assets rise 2.2% to N26. 6trn
…As PenCom goes tough on pension defaulters By Rosemary Iwunze The total pension fund assets under the Contributory Pension Scheme, CPS, increased by 2.2 per cent, month-on-month, MoM to N26.66 trillion in October 2025 from N26.09 trillion in September 2025. National Pension Commission, PenCom, disclosed this yesterday in the unaudited report on pension funds industry portfolio […]
Petrol supply from Dangote Refinery rises 38% to 23.5m litres daily
–Imports hit 52m litres per day By Obas Esiedesa, Abuja Domestic supply of Premium Motor Spirit (PMS), commonly known as petrol, rose by 37.7 percent in November 2025 to 23.52 million litres per day, up from 17.08 million litres per day in October, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The […]
ECOWAS moves to cut air travel cost in Nigeria, others
By Favour Ulebor, Abuja The Economic community of West African States has approved major changes aimed at reducing the high cost of flying within Nigeria and the entire West Africa region. In a statement yesterday, the Commission said Heads of State and Government had, at their December 2024 summit in Abuja, adopted a measure that will […]
Forex: CBN limits cash payout for PTA/BTA at 25%
By Babajide Komolafe The Central Bank of Nigeria (CBN) has introduced a limit of 25 per cent on the amount of cash beneficiaries can receive when accessing their Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from Bureau De Change (BDCs). The CBN disclosed this in a document titled, Frequently Asked Questions on Current Reforms of […]
Implementing new tax laws ‘ll be responsible, humane —Tegbe
…FG to consult more on CGT, other concerns By Emma Ujah, Abuja Bureau Chief As the country gets ready to commence the new tax system next month, chairman of the newly inaugurated National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the new tax regime will be undertaken in a responsible and humane manner. […]
NNPC E&P oil output hits 355,000 bpd
By Obas Esiedesa, Abuja NNPC Limited on yesterday disclosed that oil production by its upstream subsidiary, NNPC E&P Limited (NEPL), has reached 355,000 barrels per day. The company in a statement by Chief Corporate Communications Officer, Andy Odeh said the milestone was achieved on December 1, 2025, representing its highest daily output since 1989. Odey noted […]
CBN revamps agric guarantee scheme, targets smallholder farmers
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has launched a major overhaul of the Agricultural Credit Guarantee Scheme Fund (ACGSF), unveiling a new strategic direction aimed at expanding credit access to smallholder farmers and accelerating national food security efforts. Speaking in Abuja at the inauguration of the reconstituted ACGSF Board, CBN Governor, […]
SUNU Assurances secures shareholders’ approval to recapitalise
By Rosemary Iwunze SUNU Assurances Nigeria Plc has secured the approval of its shareholders to embark on a major recapitalisation exercise aimed at raising N9 billion to meet new statutory capital requirements imposed under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. At the company’s Extraordinary General Meeting (EGM) held in Lagos, shareholders endorsed multiple […]
China moves to fast-track zero-tariff access for Nigerian exports
China has offered a significant boost to Nigeria’s export ambitions after its ambassador in Abuja, Yu Dunhai, announced that Beijing is prepared to fast-track a zero-tariff policy for Nigerian goods ahead of schedule. The move signals a fresh push to strengthen economic ties as both countries mark 55 years of diplomatic relations and prepare for the […]
