2 d. ago Financial sector leads corporate tax contributions in Q2 2025

The latest statistics from the National Bureau of Statistics (NBS) reveals that Nigeria’s corporate income tax collections continue to be dominated by the financial sector, underscoring its pivotal role in government revenue generation. According to the NBS Corporate Income Tax report for the second quarter of 2025, the financial and insurance sector contributed the highest […]

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3 d. ago Recapitalisation drives insurance sector GDP growth to 20.78%

Nigeria’s insurance sector growth hit a remarkable 20.78% in Q3, fueled by ongoing recapitalisation. Learn how this surge is building confidence. Read More: https://punchng.com/recapitalisation-drives-insurance-sector-gdp-growth-to-20-78/

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6 d. ago Senate commends CBN’s economic progress, urges continued stability

The CBN reports significant progress in Nigeria’s economy, citing lower inflation, stable FX rates, and GDP growth, earning praise from the Senate. Read More: https://punchng.com/senate-commends-cbns-economic-progress-urges-continued-stability/

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6 d. ago GDP growth dropped by 0.25% in Q3 2025, Cardoso tells Senate

says FX market steadier, reserves at 7-year high, capital inflows surge Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has read more GDP growth dropped by 0.25% in Q3 2025, Cardoso tells Senate

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9 d. ago Nigeria’s GDP grows 3.98% as services, agriculture strengthen

Nigeria’s GDP growth reached 3.98% in Q3 2025, driven by strong performance in the services and agriculture sectors. Read the latest NBS economic report. Read More: https://punchng.com/nigerias-gdp-grows-3-98-as-services-agriculture-strengthen/

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9 d. ago Recapitalisation: 4 Audit Firms Begin Capital Verification Of 18 Insurance Companies

Four major audit firms are now verifying the capital status of 18 insurance companies as part of the ongoing recapitalisation exercise in the nation’s insurance sector, it was learnt. The four auditors include; PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte, who were expected to leverage their collective expertise, capacity, experience, and reputation to […]

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9 d. ago NCAA urges insurers covering risks in aviation to follow global best practices

Chris Najomo, Director General of the Nigeria Civil Aviation Authority (NCAA), has urged insurers covering risks in the aviation sector read more NCAA urges insurers covering risks in aviation to follow global best practices

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9 d. ago Zenith Bank GMD buys N732.6m worth of shares, signals strong growth outlook

Zenith Bank’s Chief Executive Officer and Group Managing Director, Dr. Adaora Umeoji, has acquired 11 million units of the bank’s shares in a move widely seen as a strong vote of confidence in the lender’s growth trajectory after Nigeria’s banking recapitalisation drive. According to a regulatory filing on the Nigerian Exchange (NGX), the transaction—valued at […]

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1 week ago Regulator Lauds Continental Re, As Recapitalisation Positions Insurers For Continental Free Trade Competitiveness

The National Insurance Commission (NAICOM) has commended Continental Reinsurance Plc for convening the 2025 CEO Roundtable themed ‘Recapitalisation & Beyond: Rethinking Risk, Capacity and Collaboration for a Resilient Insurance Sector,’ describing the forum as timely and vital to the industry’s transformation. The event, which took place in Lagos on Wednesday, drew a large gathering of […]

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1 week ago 27 banks raise fresh capital in latest recapitalisation drive — CBN

The CBN Governor confirms 27 banks are on track with the bank recapitalisation exercise, raising fresh funds ahead of the March 2026 deadline. Read More: https://punchng.com/27-banks-raise-fresh-capital-in-latest-recapitalisation-drive-cbn/

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1 week ago Continental Re drives insurance sector resilience, competitiveness for growth

Continental Reinsurance Plc (Continental Re) has thrown its weight in strengthening the Nigerian insurance market for resilience and competitiveness towards read more Continental Re drives insurance sector resilience, competitiveness for growth

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3 w. ago Beyond loans: How credit direct is enhancing pension, insurance for Nigeria’s informal sector

When Stella Odion, who sells foodstuffs at Bola Tinubu Modern Market, Moshalashi, Lagos, faced financial challenges and needed to access read more Beyond loans: How credit direct is enhancing pension, insurance for Nigeria’s informal sector

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