NAICOM LAUNCHES INSURANCE SECTOR STRENGTHENING PROGRAMME TO BOOST TRUST, INCLUSION
The National Insurance Commission (NAICOM) has launched the Insurance Sector Strengthening Programme (ISSP), a new initiative aimed at transforming Nigeria’s insurance industry and increasing its contribution to national development.
FG MOVES TO USE BETTER DATA FOR 2027 BUDGET PLANNING
The Federal Ministry of Finance and the Federal Ministry of Budget and Economic Planning held a workshop on August 29, 2026 to improve how Nigeria makes economic forecasts for budgeting.
NIGERIA’S ECONOMY GROWS FASTER, MOVING TOWARDS USD 1 TRILLION TARGET
Nigeria’s economy is growing at a faster pace. New figures show the country’s Gross Domestic Product, GDP, rose by 4.43 per cent in the second quarter of 2026. That is higher than the 4.23 per cent recorded in the same period last year, and 3.89 per cent in the first quarter of this year.
PENCOM ADDRESSES CONCERNS OVER PENSION INCREASES FOR LAGOS STATE RETIREES
The National Pension Commission, PenCom, has responded to concerns raised by retirees under the Contributory Pension Scheme in Lagos State. The pensioners are worried about delays in the payment of approved pension increases and wage awards.
NIGERIA RECORDS $947M JULY REMITTANCES, NEARS CBN’S $1BN MONTHLY TARGET
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and a significant step towards the Central Bank of Nigeria’s (CBN) $1 billion monthly target.
TAX OMBUD, OGFZA PARTNER TO BOOST INVESTOR CONFIDENCE
The Office of the Tax Ombud and the Oil and Gas Free Zones Authority, OGFZA, are set to work together to attract more foreign direct investment into Nigeria’s oil and gas free zones. The partnership was announced on Wednesday, August 20th, 2026.
NADDC SEEKS MORE PRIVATE MONEY TO GROW NIGERIA’S CAR INDUSTRY
The National Automotive Design and Development Council, NADDC, says Nigeria needs more private investment to grow its car industry and reduce dependence on imports.
NAICOM ISSUES NEW LICENCES TO COMPLIANT INSURANCE FIRMS UNDER NIIRA 2025
The National Insurance Commission, NAICOM, has issued fresh operating licences to additional insurance companies in Nigeria.
FINANCE MINISTER, OYEDELE DEFENDS ECONOMIC REFORMS
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, says President Bola Tinubu inherited severe structural deficiencies, including $6 billion in unpaid petroleum import liabilities and a revenue-to-GDP ratio far below global averages.
FAAC MEETS IN OWERRI, CHARTS FISCAL FITNESS PATH FOR NIGERIA
The Federation Account Allocation Committee, FAAC, held its August 2026 meeting in Owerri, Imo State, on the sidelines of the National Council on Federation and Economic Development, NACOFED.