Regulators

Old Naira Notes Still Valid,CBN Insists

The Central Bank of Nigeria (CBN) has again clarified that the old N1000, N500, and N200 banknotes,are still valid. Mrs. Sidi Ali Hakama,Acting Director,Corporate Communications,clarified this in a statement made available to

December 14, 2024

by Mohammed Shosanya

Ondo To Boost Infrastructure With Pension Funds

Ondo State is exploring opportunities to leverage pension funds for infrastructural development in the state. Governor Lucky Aiyedatiwa,disclosed this on Tuesday, when he received a delegation from the National Pension Commission (PenCom)

April 17, 2025

PENCOM

We Won’t Allow Unverified Funds In Recapitalization Drive, Says CBN

The Central Bank of Nigeria (CBN)is putting in place strong verification processes to ensure that illicit funds do not destabilize the banking sector in its ongoing recapitalization drive. During the 36th Seminar

April 15, 2025

CBN

FG Bans Unregistered Digital Asset Exchanges, Online Forex Platforms

The Federal Government has banned the operations of digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC) In a statement signed by

April 13, 2025

SEC

Pension Investment Boosts Nigeria’s Real Sector With ₦5.51trn-Pencom Boss

The Nigerian pension industry has committed a total of ₦5.51 trillion to asset classes that support long-term financing for real sector growth. The Director General of the National Pension Commission (PenCom), Ms.

April 9, 2025

PENCOM

CBN Explains Sales Of $197.71m Through Authorized Dealers

The Central Bank of Nigeria (CBN) has tied the significant developments in the foreign exchange market between April 3 and 4, 2025, to broader global economic shifts, including the U.S. government’s announcement

April 6, 2025

CBN

Ponzi Promoters Risk 10- Year Jail Term, N20m Fine,Says SEC

Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a

April 2, 2025

SEC

MRS Oil Explains Exit From NGX

MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and later admission to the NASD OTC Securities Exchange. Its decision was

March 30, 2025

NSE

Tinubu Signs Investments And Securities Bill 2025 Into Law

President Ahmed Bola Tinubu, has signed intol law the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Securities

March 29, 2025

SEC

PenCom Unveils New Pension Contribution Remittance System

The National Pension Commission (PenCom), has launched its new Pension Contribution Remittance System, a platform designed to optimise the process of remitting pension contributions into employees’ Retirement Savings Accounts (RSAs). This system,

March 27, 2025

PENCOM

PenCom Seeks States’ Implementation Of Contributory Pension Scheme

The National Pension Commission (PenCom),has implored all states and local governments to implement the Contributory Pension Scheme (CPS) in order to guarantee a pension-secure Nigeria. The Commission conveyed the call in a

March 27, 2025

PENCOM

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