Saturday, October 18, 2025
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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

‘Kemi Adeosun Must Renounce Allegation of NYSC Fraud or Resign’

Kemi Adesoun in NYSC uniform: Real or Photoshop?

BudgIT Nigeria, a civic tech organisation, expresses disappointment at the silence of the Honourable Minister of Finance, Kemi Adeosun, over the allegations of NYSC certificate fraud.

In an investigative report released by Premium Times, Ms. Kemi Adeosun was accused of skipping the compulsory one-year national youth service and presenting forged exemption certification to the National Assembly.Kemi Adesoun in NYSC uniform: Real or Photoshop?

While many concerned citizens await a comprehensive response from the government official, there has been no rebuttal from the accused and also no conclusive position from the National Youth Service Corps.

We also notice recent reports that the Honourable Minister released N10 billion for the National Assembly to settle liabilities, a fund that ended up in purchase of exotic vehicles for the legislators. As an organization with interest in transparency and accountability, we believe it is dangerous to put public funds in charge of a person that can be easily blackmailed by individuals.

We also accept that towards the 2019 elections, Nigeria needs to right character to lead its Finance Ministry, considering how public treasury can be easily shortened to satisfy political interests.

The Buhari Administration has often opined its commitments to weed out corruption and other related vices but we find the silence in antithesis to such disposition. We find the certificate saga an indictment on the capability of the Ogun State House of Assembly, Department of State Security, National Assembly and National Youth Service Corps.

We affirm that Nigerian institutions are being compromised on the altar on political expediency and the “Change” mantra as advanced by the current governing party is gradually a trite phrase.

The current issue is an example of gross misconduct within the cabinet of an administration that prides itself on integrity. We call on President Buhari to take appropriate action regarding this and also for the Honorable Minister to provide a response to the allegations.

Without a convincing response to this ignoble situation, we call on Ms. Kemi Adeosun to resign from her position as the Honorable Minister of Finance of the Federal Republic of Nigeria and accept the consequences of her actions as stated in the law.

We affirm Ms. Kemi Adeosun poses a risk to the treasury with alleged unauthentic documents which she has used to function as the Ogun State Commissioner of Finance and Honourable Minister of Finance.  BudgIT looks forward to expedited resolution of this matter.

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Topics

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Is There a Hidden Liquidity Crisis in the Nigerian Banking System?

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