financial regulation

CPPE Calls for Stronger Framework to Safeguard Investors and Employees
On Sunday, the Centre for the Promotion of Private Enterprise (CPPE) called on the Federal Government to promptly implement a comprehensive Investor and Employer Protection...

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Politics Today
5 months ago5 months ago

On Sunday, the Centre for the Promotion of Private Enterprise (CPPE) called on the Federal Government to promptly implement a comprehensive Investor and Employer Protection Framework aimed at safeguarding the interests of both investors and workers. The economic policy institute emphasized that such a framework would harmonize the rights and duties of all parties involved,...

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SEC Sounds the Alarm on Rising Threat of AI-Generated Investment Scams
The Securities and Exchange Commission (SEC) has issued a cautionary alert to Nigerians regarding a surge in scams fueled by artificial intelligence (AI), which are...

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Politics Today
5 months ago5 months ago

The Securities and Exchange Commission (SEC) has issued a cautionary alert to Nigerians regarding a surge in scams fueled by artificial intelligence (AI), which are deceiving investors with false promises of guaranteed returns and counterfeit celebrity endorsements. In a statement released on Sunday, the SEC highlighted that these fraudulent platforms operate without registration or regulation...

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Pencom Announces December 2026 Deadline for PFAs to Boost Capital to N20bn
The National Pension Commission (PenCom) has announced a new deadline of December 31, 2026, for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to...

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Politics Today
5 months ago5 months ago

The National Pension Commission (PenCom) has announced a new deadline of December 31, 2026, for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to meet updated capital requirements through recapitalization. According to a recent circular titled ‘Revised Minimum Capital Requirements for Licensed Pension Fund Administrators and Pension Fund Custodians,’ obtained by LEADERSHIP, PFAs must...

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Kenya’s Central Bank: The Watchful Guardian That Holds Back Its Bite
Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However,...

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Tech
5 months ago5 months ago

Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However, despite numerous inspections, warnings, and threats of penalties, borrowing costs for everyday Kenyans have remained largely unchanged. Interest rate reductions failing to benefit borrowers Since October 2024, under the leadership...

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FRC Joins Forces with CSOs to Boost Transparency and Accountability in Financial Reporting
The Financial Reporting Council of Nigeria (FRC) has reaffirmed its dedication to partnering with civil society organisations (CSOs) to enhance transparency, accountability, and adherence to...

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Politics Today
5 months ago5 months ago

The Financial Reporting Council of Nigeria (FRC) has reaffirmed its dedication to partnering with civil society organisations (CSOs) to enhance transparency, accountability, and adherence to financial reporting, corporate governance, and sustainability standards throughout Nigeria. During a one-day capacity-building workshop held in Abuja and organised by the New Era for Sustainability Leadership and Accountability Initiative (NESLAI),...

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Stakeholders Demand Enhanced Safeguards for N24.6 Trillion Pension and N3.3 Trillion Insurance Assets
Key players within the insurance and pension sectors are advocating for enhanced regulatory measures to safeguard and grow Nigeria’s substantial pension fund assets, currently valued...

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Politics Today
5 months ago5 months ago

Key players within the insurance and pension sectors are advocating for enhanced regulatory measures to safeguard and grow Nigeria’s substantial pension fund assets, currently valued at N24.6 trillion, alongside insurance assets totaling N3.3 trillion. By the close of the 2024 fiscal year, the insurance industry’s asset base was recorded at N3.3 trillion, with projections indicating...

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FCCPC Recovers a Whopping N10bn from Banks, Fintechs, and More in Just Six Months!
In a span of six months, the Federal Competition and Consumer Protection Commission (FCCPC) has successfully reclaimed over N10 billion on behalf of customers from...

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Politics Today
5 months ago5 months ago

In a span of six months, the Federal Competition and Consumer Protection Commission (FCCPC) has successfully reclaimed over N10 billion on behalf of customers from banks, fintech firms, and other service providers. These recoveries were prompted by numerous grievances related to poor service delivery, unauthorized charges, defective products, and misleading advertising tactics. The commission shared...

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NAICOM Sets September 30 Deadline for Insurance Companies to Submit Recapitalisation Plans
The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive...

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Politics Today
5 months ago5 months ago

The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive comes in the wake of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, aiming to facilitate a smooth and effective enforcement of the updated capital requirements. Under NIIRA 2025, the...

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Xs.com Review: Trusted & Regulated Broker or Hidden Risk? Find Out Now!
In an era marked by economic unpredictability and the growing awareness that traditional bank savings may erode in value over time, more individuals are embracing...

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Politics Today
6 months ago6 months ago

In an era marked by economic unpredictability and the growing awareness that traditional bank savings may erode in value over time, more individuals are embracing diversified investment portfolios. This trend includes a broad spectrum of assets such as equities, bonds, real estate, mutual funds, and digital currencies. This shift signals a heightened financial literacy and...

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