Nigeria
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Federal Government extends port modernisation to Onne, Rivers, Delta and Calabar
Marine and Blue Economy Minister Adegboyega Oyetola said on 27 September that the Federal Government has approved modernisation…
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Adebisi Adebutu’s R28 Fund takes 86% of Chappal Energies with US$100m refinancing
The fund becomes majority owner of the company that bought Equinor’s Nigerian portfolio, after months of board disputes.
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CBN resets the policy rate to 23%: what the change means for floating-rate loan contracts
The CBN’s Monetary Policy Committee cut the Monetary Policy Rate from 26.5% to 23% on 22 September 2026…
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Big banks win NGX extensions as audited half-year results await CBN approval
GTCO, Access Holdings, UBA and Fidelity Bank have until 30 September, and Zenith Bank until 9 October, to…
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PenCom requires prior ‘no objection’ for transfers of assets between pension funds
PenCom has re-issued a circular requiring PFAs to obtain its prior no objection before moving assets between pension…
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PenCom extends forbearance letting PFAs buy securities issued by their custodians’ parent companies
PenCom has granted a 24-month regulatory forbearance allowing PFAs to invest, within set limits, in shares and bonds…
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NCC and CAC require prior approval for transfers of 10% or more in telecoms licensees
A joint statement ties CAC registration of share transfers to an NCC letter of no objection. The regularisation…
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Pension funds anchor ₦20.69bn second series of the FCMB-TLG Private Debt Fund
The FCMB-TLG Private Debt Fund raised ₦20.69bn against a ₦20bn target in its Series II offer, with PFAs…
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Nigeria Revenue Service issues first guidelines on the taxation of virtual assets
The guidelines classify virtual assets into six categories and apply the Nigeria Tax Act 2025 to trading, staking,…
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Buying a microfinance bank means inheriting its regulatory history, fintech founder warns
Sycamore founder Babatunde Akin-Moses warned that fintechs acquiring microfinance banks inherit governance obligations and regulatory history, after the…
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