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Japan Moves to Raise Immigration Costs Under New Policy Proposal

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Japan's immigration act may affect relocation plans

For many Nigerians exploring “japa” options beyond the usual destinations, Japan has become an attractive destination. But with the Japanese government’s new immigration protocol the move will become more expensive.

Authorities in Japan have considered changes to visa and residency fees under amendments to the Immigration Control Act. It proposes increased charges due to administrative costs—meaning more expenses for immigrants, such as Nigerians planning work and study relocation or long-term settlement.

An immediate impact on visa renewals, the cost of renewing a five-year visa could jump from 6,000 yen to about 70,000 yen (roughly $440). Short-term renewals may also increase to around 10,000 yen.

For Nigerians thinking long-term, permanent residency application fees could rise from 10,000 yen to 200,000 yen, with a proposed cap of 300,000 yen. This marks a financial shift for migrants who plan years ahead to transition from temporary stay to permanent status.

As of April 2026, eligibility tightens for foreign nationals who must now live in Japan continuously for at least 10 years before qualifying for citizenship. Twice the previous requirement, this could slow down long-term plans.

For Nigerian students who often use education as a pathway to international work opportunities, these changes may alter decisions about where to study. Japan has been gaining attention for its growing demand for skilled workers and relatively structured immigration pathways. However, higher costs could push many to reconsider options more carefully.

Professionals and skilled workers will likely feel the impact. High residency costs may influence job mobility, contract negotiations, and employer decisions to hire foreign talent.

While the policy is not yet official, the direction is clear: moving to Japan may require deeper financial planning.

For Nigerians considering “japa,” this development reinforces an important reality—migration is no longer just about opportunity, but also about affordability, timing, and long-term sustainability.

Nigerians should watch out for final decision on fees increase, implementation timeline, possible exemptions or reductions for students or low-income applicants, and changes in job sponsorship policies for foreign workers.

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FCCPC denies a hand in the reported airtime credit overhaul

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The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports that it secured presidential approval to restructure Nigeria’s airtime credit market and allow new operators to join the sector.

In a statement issued on Saturday, Ondaje Ijagwu, the commission’s spokesperson, disclosed that the agency played no part in the development as alleged.

“The commission wishes to state clearly that it is not aware of, and was not involved in the claims attributed to it in the report.”

FCCP’s reaction comes on the heels of claims that President Bola Tinubu has given the go-ahead to plans to open the market to nine Nigerian fintech firms as part of the administration’s Nigeria First policy.

The reports said the push would expand participation in a sector largely dominated by telecommunications operators and their partners, and could play a big role in reducing capital flight.

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The reports also estimated that the market is worth about ₦3 trillion annually.
The FCCPC, however, did not comment on the estimated market size or the companies mentioned in the reports.

The commission also reiterated that the implementation of the DEON Consumer Lending Regulations 2025 remains suspended.

ALSO READ: FCCPC seals Ochacho Real Estate, TI’Bilon Construction offices

According to the FCCPC, the suspension followed an interim injunction granted by the Federal High Court in Lagos on 15 April in a suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN).

Mr Ijagwu said the commission remains bound by the court order pending the determination of the suit.

“As a law-abiding public institution, FCCPC remains bound by the court order to suspend enforcement of the regulation pending the determination of the substantive case by the court, which has been fixed for July 20, 2026, for further hearing,” he said.

He emphasised that the commission would steadfastly follow all lawful procedures related to the matter while fully complying with the court’s directives.


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IMT 5;0 Set for September 2026 in Lagos

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BY NKECHI NAECHE-ESEZOBOR—West Africa’s leading insurance and technology conference, Insurance Meets Tech (IMT), will return for its fifth anniversary edition on Thursday, 18th September 2026, at the Balmoral Convention Centre, Sheraton Hotel in Ikeja, Lagos.

Created by the strategic communications agency Creato Urban, the flagship event has evolved since its 2021 debut into a critical cross-industry platform designed to accelerate digital transformation, boost customer acquisition, and foster collaboration across the regional insurance landscape.

This year’s milestone event, themed “Building Insurance That Connects,” marks a fundamental shift in the industry’s digital evolution.

Rather than debating the theoretical benefits of technology, IMT 5.0 will focus strictly on the practical embedding of cutting-edge solutions into everyday insurance products, regulatory processes, and customer experiences. Convener Odion Aleobua emphasized that the conference comes at a critical juncture for a newly reformed and recapitalized insurance sector.

The core objective of IMT 5.0 is to bridge the existing gaps between technological innovation and consumer trust, ensuring that ambitious digital ideas translate into tangible impact and genuine financial inclusion for the people they are designed to serve.

To address these pressing integration challenges, the convention will bring together an interconnected ecosystem of founders, CEOs, domain experts, policymakers, and customers.

Attendees can expect a high-impact agenda featuring keynote presentations, technology showcases, and panel discussions dedicated to the forces reshaping African insurance.

The dialogue will directly confront the realities of deployment—moving from isolated concepts to collaborative, market-ready solutions driven by artificial intelligence, digitization, and customer-centric product design to define the future of the continent’s insurance landscape.

The post IMT 5;0 Set for September 2026 in Lagos appeared first on Business Today NG.

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