Author: Ogochukwu Ndubuisi

The Federal Government says Nigeria’s debt profile has been exaggerated, insisting borrowings under …

The Federal Competition and Consumer Protection Commission (FCCPC) has resumed implementation of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).

Sanwo-Olu Pays N3.1bn Compensation to 300 Lagos Property Owners The Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday presented more than N3.1 billion in compensation to over 300 property owners affected by government land acquisition for strategic infrastructure projects across the state. Speaking at the presentation ceremony in Lagos, Sanwo-Olu said the compensation underscored his administration’s commitment to fairness, transparency and the protection of citizens’ rights in line with the Land Use Act. He said land acquisition for overriding public interest imposed both a legal and moral obligation on government to compensate affected persons fairly, transparently and promptly. “Today’s exercise…

Nigeria’s $40bn net FX Reserves Validate Tinubu’s Economic Reforms — Group A political group, Tinubu Stakeholders Forum (TSF), says the rise in Nigeria’s net foreign reserves from about three billion dollars in 2023 to more than 40 billion dollars is encouraging. The Chairman of TSF, Ahmad Sajoh, and the Secretary, Danjuma Sada, said this in a statement jointly signed on Monday in Abuja. Both officials described the situation as compelling evidence that President Bola Tinubu’s economic reforms were restoring confidence in the Nigerian economy and strengthening its long-term resilience. According to them, the achievement reflects one of the most significant…

CSCS Declares N1 Interim Dividend After Half-Year Earnings The Board of Directors of the Central Securities Clearing System (CSCS) Plc has approved an interim dividend of N1 per ordinary share for the six months ended June 30. The company disclosed this in a statement issued on Monday in Lagos. According to the statement, the payout, the company’s first interim dividend, reflects its strong financial performance in the first half of the year. The company attributed the performance to strong cash generation, a resilient balance sheet, and confidence in the sustainability of its earnings. The company noted that the interim dividend…

Andy Burnham Becomes UK New Prime Minister Andy Burnham becomes the United Kingdom’s prime minister on Monday and was invited by King Charles III to form a government after Keir Starmer’s resignation. Burnham enters office promising a “10-year plan for the country” to address some of the fundamental issues holding the UK back. He added: “I’m not saying that means I’m setting out to say I’m going to be here for 10 years. It’s more that we’re not in the right place structurally.” In his first Downing Street speech, he promised to give people “breathing room” against the rising cost…

NRS Issues July 31 Deadline for e-invoicing Compliance The Nigeria Revenue Service (NRS) has set July 31 as the deadline for all large taxpayers to wholly adopt the national e-invoicing and Electronic Fiscal System (EFS). This is according to a statement issued by Dare Adekanmbi, the Special Adviser on Media to the NRS Chairman, Dr Zacch Adedeji, on Sunday in Abuja. Adekambi said that the deadline was in response to a public notice issued by NRS on Feb. 17. He said that the Feb. 17 notice was on the implementation timeline and the mandatory adoption of the national e-invoicing and…

Constitution Review: Why we Prioritised State Police – Senators Senators have defended the National Assembly’s decision to prioritise constitutional amendments on the establishment of a state police force, saying the country’s worsening insecurity poses an urgent national priority. The lawmakers clarified while responding to concerns that the national assembly appeared to be focusing more on state police than on other constitutional amendment proposals. The Senate Leader, Opeyemi Bamidele, in his reaction, said insecurity remained the foremost concern of Nigerians. Bamidele, who spoke through his Directorate of Media and Public Affairs, said this was why priority seemed to be given to…

SEC to Deliver Sustained Zero Trade Fail Rate in T+1 Settlement Cycle — D-G The Securities and Exchange Commission (SEC), says it is focused on delivering a sustained near-zero trade fail rate under the T+1 settlement cycle in the second half (H2) of the year. Dr Emomotimi Agama, the Director-General (D-G) of SEC, said this in a document made available to the News Agency of Nigeria in Abuja on Sunday. Agama said the focus would be on full delivery-versus-payment discipline across custodians, brokers and the Central Securities Clearing System Plc (CSCS). The D-G said the early evidence of the settlement…

PEBEC Intervenes to Resolve Delayed Passport Renewal The Presidential Enabling Business Environment Council (PEBEC), says its intervention has resolved a delayed international passport renewal issue for a Nigerian citizen. The council said this in a statement issued on Sunday in Abuja after the citizen shared her experience on social media. According to the statement, the citizen experienced delays in renewing her international passport through the Nigerian Immigration Service. It said she subsequently reported the matter to PEBEC, which promptly engaged the relevant authorities to facilitate resolution of the complaint. The council said the intervention resulted in the successful issuance of…