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Former Managing Director of Citizens International Bank and Assurance Bank of Nigeria, Chikatara Mbonu, has shared insights on addressing Nigeria’s economic instability, citing inconsistent reforms, duplicated policies, and an unstable national development plan as key contributors. Speaking in Ibadan during a lecture titled “Blueprint of Progress: What Nigeria Can Learn from Global Systems and Leadership”,

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The Pension Transitional Arrangement Directorate (PTAD) continues to respond to concerns from pensioners regarding pension deductions, arrears, and delayed payments. Below are some examples of recent inquiries and PTAD’s responses: Case 1: Deduction of N9,000A pensioner reported a deduction of N9,000 from their monthly pension since September of the previous year despite multiple complaints. PTAD

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The Lagos State Government brought smiles to hundreds of pensioners yesterday by distributing cash and food items to retired public servants, reaffirming its commitment to those who dedicated their productive years to building the state’s public service. The event, titled “Welfare Packages Distribution For Lagos State Pensioners”, was held at the NECA Auditorium, Alausa, Ikeja,

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International Energy Insurance Plc (IEI) has announced that it will hold its Extraordinary General Meeting (EGM) on Wednesday, December 31, 2025. The meeting will be conducted virtually, allowing all shareholders, regardless of location, to participate in the decision-making process. The EGM will focus primarily on a proposed capital raising exercise of up to N17.5 billion,

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The Finance and Insurance sector in Nigeria recorded a strong 16.13% year-on-year growth in the second quarter of 2025, according to the National Bureau of Statistics (NBS). The sector’s contribution to real GDP rose to 3.60% from 3.23% in the previous comparable quarter, highlighting the growing impact of financial services on the country’s economy. While

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Lasaco Assurance Plc has obtained shareholder approval to raise its capital to N36 billion, positioning the company well above the minimum capital requirement for composite insurance firms ahead of the industry-wide recapitalisation deadline in July 2026. Under the recapitalisation framework, life insurers are required to raise N10 billion, general insurers N15 billion, and composite insurance

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First HoldCo Plc has completed the divestment of its merchant banking subsidiary, FBNQuest Merchant Bank Limited, selling it to the EverQuest Group. The move is part of a strategic plan to optimise resource allocation and reinforce the Group’s commitment to delivering comprehensive financial solutions. Proceeds from the divestment will be used to strengthen the capital

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APM Terminals and Barging Marine Solutions Ltd (BMS) have signed an exclusive lease agreement to expand services across the Apapa port corridor, reinforcing APM Terminals’ long-term commitment to developing trade opportunities in Nigeria. The agreement aims to leverage collaboration between the two companies to increase capacity and enhance landside and barge connections, benefiting both customers

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The Federal Government has announced plans to make large-scale investments across the agricultural value chain, focusing on land management, mechanisation, irrigation, farm inputs, processing, and logistics. The initiative aims to reposition agriculture as a key driver of economic growth, job creation, and private sector investment. Minister of Agriculture and Food Security, Senator Abubakar Kyari, revealed

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The Debt Management Office (DMO) has called on state governments to strictly comply with the Fiscal Responsibility Act and other relevant laws when contracting loans, cautioning that borrowing outside established frameworks could threaten fiscal sustainability at the sub-national level. The call was made by DMO Director-General, Ms. Patience Oniha, during a workshop in Abuja on

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