NSITF Compensates Family of Deceased Seplat Energy Staff

NSITF Compensates Family of Deceased Seplat Energy Staff

By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has presented a lump-sum Employees’ Compensation Scheme (ECS) cheque of ₦86,028,283.30 (Eighty six million, and twenty eight thousand, two hundred and eighty three naira, thirty Kobo) to Seplat Energy Producing Nigeria Unlimited (formerly Mobil Producing Nigeria Unlimited) at Seplat House,in Lagos. A statement released by the Corporate Affairs Department of NSITF says the payment will be followed by ₦1,107,667.30 […]

July 11, 2025 5

NSITF and CAC officials meeting to discuss data-sharing alliance for ECS compliance

Business

ECS Compliance: NSITF, CAC Set to Establish Data-Sharing Alliance

By Chinedu Echianu In a bid to enhance compliance to the Employees’ Compensation Scheme (ECS), the Nigeria Social Insurance Trust Fund, (NSITF), has proposed collaboration with the Corporate Affairs Commission (CAC) for the setting up of a data sharing portal. Managing Director of NSITF, Barrister Olúwaṣeun Faleye, called for the collaboration at an inter-agency engagement between the Fund and CAC Wednesday, at CAC headquarters in Abuja. A statement signed […]

July 10, 2025 8

Business

Kogi Set to Transit to Contributory Pension Scheme — PENCOM Boss

By Chinedu Echianu Kogi State Pension Commission (PENCOM) says it is concluding plans to migrate from the Defined Benefits Scheme to the Contributory Pension Scheme (CPS) with full implementation expected to begin next year. The Director General of the Commission, Hajia Mariam Abedo disclosed this during an official engagement with the Special Adviser on Media to Kogi State Governor, Ismail Isah, in her office in Lokoja. She explained that the […]

July 9, 2025 8

Front view of NEPC headquarters in Abuja

Business

NEPC Denies Promotion Irregularities, Faults Online Report

By Oluwakemi Kindness The Nigerian Export Promotion Council has debunked claims of irregularities in its upcoming promotion exams, describing a recent online publication as misleading and factually incorrect. The report had accused the Council’s Executive Director, Nonye Ayeni, of planning to promote staff in violation of procedure — an allegation NEPC says is false and premature, as the exams are scheduled for July 9th to 11th and no promotions have […]

July 4, 2025 35

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Business

Turn Global Crisis to Opportunity, Afreximbank Tells Africa

By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has called on African nations to seize the moment and transform global financial and geopolitical instability into a catalyst for continental self-reliance, industrialization, and reform. This is the core message from the African Trade Report 2025 and Economic outlook report launched at the Afreximbank Annual Meetings (AAM2025) in Abuja on Wednesday.” It adds that despite headwinds of rising geopolitical tensions, new protectionist […]

June 26, 2025 12 1

Officials from the U.S. and Nigeria at the Abuja launch of the Commercial and Investment Partnership aimed at expanding bilateral trade.

Business

US, Nigeria Launch Trade Pact to Drive Investment, Create Jobs

By: Uju Nwachukwu In a bid to deepen commercial ties, drive mutual prosperity, the United States and Nigeria have launched the working group phase of their Investment Partnership in Abuja. The initiative, anchored on a five-year agreement signed in 2024, by US. Secretary of Commerce Gina Raimondo and Nigeria’s Minister of Industry, Trade, and Investment Doris Uzoka-Anite, aims to deepen bilateral commercial cooperation and expand economic opportunities in both […]

June 24, 2025 8

Hamzat Lawal delivers CODE’s 2024 Annual Report in Abuja, highlighting civic engagement, transparency, and education reform.

Business

CODE Launches 2024 Report Highlighting Civic Impact Across Africa

By Julian Osamoto Connected Development (CODE), a leading civic organisation, has launched its 2024 Annual Report, spotlighting a year marked by grassroots advocacy, civic engagement, and democratic accountability across Africa. Speaking at the event in Abuja, the organisation’s Chief Executive, Hamzat Lawal, described 2024 as “The Year of the Active Citizen,” citing widespread community mobilisation, education interventions, and climate advocacy as central themes. “This report reflects our deepened commitment to […]

June 19, 2025 4

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Business

FG Kicks Off Preparations for National Industrial Summit

By Oluwakemi Kindness The Federal Government has expressed optimism that the upcoming National Industrial Manpower Summit will help equip Nigeria with a skilled workforce capable of thriving in a globally competitive environment. Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, made this known while inaugurating seven planning committees tasked with organizing the summit. He described the event as a crucial milestone in the country’s journey toward industrial […]

May 28, 2025 9 3 2

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Business

ICRC Backs FG’s PPP Factories for Paramilitary Uniform Production

By Oluwakemi Kindness The Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government’s Public Private Partnership (PPP) initiative in the shoe and garment factory under the Nigeria Correctional Service (NCoS) is capable of meeting a substantial part of the uniform needs of Nigeria’s paramilitary agencies. This development follows President Bola Tinubu’s directive on the procurement of locally produced goods—a key component of his administration’s Renewed Hope Agenda. According to a […]

May 11, 2025 8 2