Sunday, January 18, 2026
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Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

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NIPR Postpones Annual PRICE Awards to Jan 25, 2026

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Wines of Canada Debuts in the Nigerian Market

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

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FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

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NGX Expands Market Offerings with Introduction of Commercial Paper Listings

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NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

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Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

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SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Business

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ICT

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Capital Market

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Insurance

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SanlamAllianz Takes Financial Education to Lagos Markets

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GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

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Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

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Civil Society Groups Support Anti-Corruption Crusade

A group of Nigerian civil society organisations (CSOs) have called on the Federal Government to ensure transparency in the recovery and management of corruptly acquired assets to stem the vicious cycle of re-looting of previously recovered assets.

In a statement in Abuja at the end of their fifth session, the organisations, meeting under the auspices of the CSO Advisory Committee for the EU funded Project “Support to Anti-Corruption in Nigeria”, which is being partly implemented by the United Nations Development Programme (UNDP), noted that lessons from the looting of previously recovered assets underscored the need for such transparency.

They observed that the lack of transparency so far in the recovery and management of assets had also undermined public and international confidence in the Nigerian Government, resulting in the unhealthy practice of other countries imposing conditions for the repatriation to Nigeria of corruptly acquired assets held in those countries.

Calling for the inclusion of CSOs in any transparency framework, with clearly defined roles, the organisations suggested that any arrangement should enable citizens and members of the public to know how much has been recovered at any point in time, where the assets are domiciled, what authority or agency has control of such assets as well as under what circumstances and for what purposes the assets would be utilised.

The organisations reaffirmed support for the Federal Government’s anti-corruption efforts and commended the political will as well as the tenacity of the Government in fighting the menace of corruption. They expressed their readiness to support the Government’s efforts through advocacy, citizens’ mobilisation and partnership with anti-corruption agencies.

The participating CSOs welcomed the updates provided at the meeting by the Project Team on past and ongoing project activities, including information on the status of the planned grants to support activities by CSOs.

They also exchanged information on on-going anti-corruption initiatives and activities within their respective organisations, and explored opportunities for synergy, collaboration and enhanced partnership among them.

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Retail banks (including thrifts and credit unions) in the U.S. will spend nearly $16.6 billion on hardware, software, services, and internal IT staff in order to develop and implement digital transformation initiatives in 2015. And this spending on digital transformation will grow at an average CAGR of 10.4% into 2019, according to recent IDC Financial Insights spending models. This compares to an overall IT spend growth of 3.9% for U.S. banks. A new report from IDC Financial Insights, “The Cost of Digital Transformation in US Banking: The Critical Technology Investments in 2015 and Beyond,” outlines how much money is being invested by U.S. banks in digital transformation, where those investments are going, and where IDC Financial Insights believes the growth will be the strongest in digital transformation investment.

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