30 results
- 6 Mar 2025
FG Lists Simon Ekpa, 16 Others as Terrorism Financiers, Freezes Accounts
Nigeria Sanctions Committee (NSC) has designated Simon Ekpa, 16 other persons and two entities, for their alleged involvement in supporting terrorist activities and terrorism financing. Simon Ekpa…
- 12 Aug 2026
SEC Directs Operators to Subscribe to NigSac Alerts, Freeze Terrorists-Linked Funds
Securities and Exchange Commission (SEC) has issued an urgent directive requiring all capital market-regulated entities (CMREs) to immediately subscribe to Nigeria’s Sanctions (NigSac) Alerts system.…
- 13 Aug 2026
SEC Orders Immediate Freeze of Assets Linked to Six Terrorism Financiers, Three Entities
Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of six individuals and three entities designated as terrorism financiers by the Nigeria…
- 20 Mar 2024
FG Names 15 Terrorism Financiers, BDCs
Federal government said that it has uncovered the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. On…
- 30 Sept 2019
CBN Orders Bank to Monitor Individuals, Firms under UN Sanctions
Central Bank of Nigeria (CBN), has called on banks and Other Financial Institutions (OFIs) to report suspicious transactions of entities or individuals in the global sanction lists of the United…
- 23 May 2014
UN Blacklists Boko Haram, Slams Sanctions
United Nations (UN) Security Council Committee on al Qaeda, on Thursday, blacklisted Boko Haram, Nigeria’s Islamist militant group, after the abduction of hundreds of schoolgirls, diplomats said. The…
- 18 Feb 2014
Operators, Customers Prefer QoS to Sanctions-ATCON
Association of Telecommunication Companies of Nigeria (ATCON), said that both operators and customers are weary of incessant threats by government agencies to sanction telecom operators in the…
- 12 Jun 2019
MPC Worries over Banks’ Bad Loans, Forex Exposure
Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has expressed worry over the concentration and high non-performing loans (NPLs) in banks. The committee decried the persistent…
- 17 Dec 2018
CBN Orders Banks to Report Fraud or Face Sanctions
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding that it would no longer condone failure to…
- 13 Apr 2026
SEC Freezes Assets of 13 Terrorism Financiers in Capital Market Crackdown
Nigeria’s Securities and Exchange Commission (SEC) has slammed an immediate asset freeze on 13 entities—10 individuals and three companies - designated as terrorism financiers by the Nigeria…
- 4 May 2015
Reps Seek Sanction for PwC over Missing $20Bn
House of Representatives Committee on Public Accounts has urged the incoming government of President-elect Muhammadu Buhari and regulators of the accounting profession to probe and sanction…
- 27 May 2020
COVID-19: NBC Fines 3 Radio Stations over False Claims
National Broadcasting Commission (NBC) has fined three stations over broadcast of invariable content on COVID-19 and also sanctioned 28 others for other violations against the Nigeria Broadcasting…
- 17 Nov 2020
SEC Tightens Regulations, Threatens Sanctions Mutual Funds Operators
Securities and Exchange Commission (SEC) Nigeria’s apex capital market regulator, has tightened regulations on collective investment schemes (CIS), threatening to sanctions them for any errors in…
- 20 Feb 2025
Reps Summon Galaxy Backbone over Alleged Financial, Contract Breaches
Galaxy Backbone, Nigeria’s information technology and shared service provider, has been given 72 hours to appear before the House of Representatives Public Accounts Committee (PAC) due to multiple…
- 26 Apr 2018
CBN to Punish Banks, Directors for Money Laundering Offences
Central Bank of Nigeria (CBN) has reeled out new regime of sanctions which includes punishments for banks, their directors as well as huge fines against financial institutions found culpable of any…
- 8 Mar 2022
Reps Urge CBN to Regulate POS Business, Operators
House of Representatives has urged the Central Bank of Nigeria (CBN) to, “in the public interest,” introduce stringent regulations and guidelines, including sanctions, on the Point of Sale business…
- 10 Oct 2019
FG Mandates Review of National Broadcasting Codes
President Muhammadu Buhari has approved the review of the National Broadcasting Code and extant broadcasting laws to reflect stiffer penalties for violators of broadcasting regulations. The President…
- 8 Jul 2025
FG Declares Admissions outside CAPS Illegal
Federal government has declared that any admission into tertiary institutions conducted outside the Central Admissions Processing System (CAPS), will be deemed illegal. Dr Tunji Alausa, minister of…
- 27 Apr 2022
Senate Outlaws Payment of Ransom to Kidnappers
The Senate on Wednesday passed a bill to make it criminal to pay ransom to kidnappers in Nigeria, saying this move is to “discourage the rising spate of kidnapping and abduction for ransom,” which it…
- 11 Mar 2026
Reps Give FAAN Two-week Ultimatum to Recover N18.98bn Debts from Foreign Airlines
House of Representatives Committee on Finance has given the Federal Airports Authority of Nigeria (FAAN) two weeks to recover N18.98 billion owed to the Federal Government by foreign airlines…
- 9 Nov 2014
Airlines Rake in N304Bn from Tickets Sales in 2013
Both the foreign and domestic airlines with flying routes in Nigeria, in 2013, sold tickets worth N304 billion. And while the domestic airlines sold tickets worth N73 billion, on the other hand, the…
- 10 Dec 2025
Reps Give Banks Four-Day Ultimatum on Tax Deductions, Charges
The House of Representatives Ad hoc Committee investigating deductions of taxes and sundry charges from the earnings of civil and public servants has given commercial banks a four-day deadline to…
- 26 Feb 2020
Kano Focus Trains 20 Broadcast Journalists on Social Media Usage
Kano Focus, the leading online news platform in Kano has trained 20 broadcast journalists on how to use social media to obtain factual and reliable information that can be utilized to produce…
- 25 Aug 2020
CBN Asks Banks for Names, BVNs of Exports Proceeds Defaulters
Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers (BVN) of exporters that have defaulted in repatriating their exports…
- 6 Mar 2016
Senate Invites Shittu, Comms Minister, Others over MTN Fine
Senate Committee on Communications has asked Adebayo Shittu, minister of Communications and Abubakar Malami, his counterpart, the Attorney General of the Federation (AGF) and minister of Justice, to…
- 23 May 2016
Lawyers Call for Sack of NCC Boss over MTN
Lawyers under the auspices of Alliance for the Defence of Democracy in Nigeria want Prof Umar Danbatta, executive vice chairman, Nigerian Communications Commission, (NCC), sanctioned “for getting…
- 6 Jun 2017
Officials, Bizmen Stole N1.4trn under OBJ, Yar’Adua, Jonathan
Itse Sagay, chairman, Presidential Advisory Committee Against Corruption (PACAC), has said that 55 top government officials and private businessmen in Nigeria illicitly diverted N1.35 trillion (about…
- 5 Jul 2020
CBN Debits Banks N1.977.7trn to Tightens Liquidity
Central Bank of Nigeria (CBN) has debited close to N2 trillion from several banks in the last quarter in line with its Cash Reserve Ratio (CRR) compliance requirement, and this has left many banks…
- 15 Nov 2016
NCC Goes Tough on MTN, Airtel, 11 Others over Unsolicited Telemarketing
For flouting the 'Do Not Disturb' (DND) directives, issued to them on April 20, 2016, 13 network operators risk severe sanctions by the Nigerian Communications Commission (NCC). They are however…
- 5 Oct 2009
Intrigues Stall Amendment of Communications Act
The proposed amendment of certain aspects of Communications Act (2003) is embroiled in web of confusion three years after the National Assembly indicated that it will rejig the Act to curb the…