Lagos govt sanctions 15 money lending firms over operational violations

Author: Sunday DennisPublished on: May 16, 2026Country: Nigeria

Business & Economy

Lagos govt sanctions 15 money lending firms over operational violations

The Lagos State Government has sanctioned at least 15 money lending firms for breaching operational regulations. Commissioner for Home Affairs, Ibrahim Layode, stated that this move aims to protect residents from fraudulent financial practices. The Ministry of Home Affairs also oversees the issuance and renewal of operational licenses for money lenders while collaborating with federal bodies to strengthen compliance with financial regulations.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Zambia: Zambia Sugar’s US$76 Million Twazabuka Project Set for 2027 Completion

Business & EconomyZambia

lusakatimes.com•4m ago

Zambia: Zambia Sugar’s US$76 Million Twazabuka Project Set for 2027 Completion

Zambia Sugar's Twazabuka project, valued at US$76 million, is set for completion in 2027. The project aims to enhance sugar production and strengthen the local economy. Zambia Sugar is committed to investing in sustainable infrastructure to support the growth of the sugar industry in Zambia.

Zambia: IMF Says Zambia Has Made Progress in Restoring Macroeconomic Stability

Business & EconomyZambia

lusakatimes.com•4m ago

Zambia: IMF Says Zambia Has Made Progress in Restoring Macroeconomic Stability

The IMF stated that Zambia has made significant progress in restoring macroeconomic stability. These advancements are attributed to economic reforms and efforts to reduce inflation. The report also emphasizes the importance of maintaining these efforts to ensure sustainable long-term growth.

Foreign trips must deliver economic benefits not fashion displays - Peter Obi

PoliticsBusiness & EconomyNigeria

Vanessa Onah•5m ago

Foreign trips must deliver economic benefits not fashion displays - Peter Obi

Presidential hopeful Peter Obi criticized recent foreign trips by Nigerian leaders, stating that these visits must generate measurable economic benefits. He emphasized that diplomacy should focus on investments, job creation, and trade agreements rather than fashion displays. Obi also expressed concerns about the lack of tangible outcomes from official visits, particularly the Nigerian president's recent trip to the United Kingdom.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more