FG Boosts Awareness on Life Assurance Policy for Civil Servants

FG Boosts Awareness on Life Assurance Policy for Civil Servants

By Oluwakemi Kindness The Federal Government has intensified efforts to promote awareness and improve the implementation of its Group Life Assurance Policybfor federal civil servants. Thia is as the National Insurance Commission (NAICOM), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), held a capacity-building workshop in Abuja aimed at public sector stakeholders. In a statement, NAICOM says the event brought together representatives […]

June 20, 2025 5 1 2

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Economy

NIRSAL MFB Denies ₦215bn Anchor Borrowers Disbursement Claim

By Oluwakemi Kindness NIRSAL Microfinance Bank (NMFB) has denied recent reports alleging that it disbursed ₦215 billion under the Anchor Borrowers Programme (ABP), describing them as misleading and factually incorrect. According to the bank, the actual amount disbursed through its verified ABP loan interventions stands at ₦51 billion, a figure it has consistently presented in public disclosures. This clarification corrects what NMFB describes as a "significant discrepancy" in media reports […]

June 20, 2025 8 1

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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Economy

FAAC Distributes N1.66tr Revenue

By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC), has shared a total sum of N1.659 trillion to the Federal Government, States and the Local Government Councils. The N1.659 trillion being revenue for May 2025 was shared at the June 2025 FAAC meeting held in Abuja. The sum comprised statutory revenue of N863.895 billion, Value Added Tax (VAT) revenue of N691.714 billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 […]

June 19, 2025 5 2

PTAD officials finalizing pension disbursements to 148,625 retirees across Police, Civil Service, Parastatals, and Immigration departments.

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Economy

PTAD Pays ₦8.6bn Arrears to 148,000 DBS Pensioners

By Oluwakemi Kindness The Pension Transitional Arrangement Directorate (PTAD) has finalized the payment of another instalment of pension arrears arising from the ₦32,000 increment approved by President Bola Tinubu, in 2024. The latest instalment, which totals ₦8.6 billion, covers all 148,625 eligible Defined Benefit Scheme (DBS) pensioners across the Police, Civil Service, Parastatals, as well as the Customs, Immigrations and Prisons Pensions Departments of the Directorate. According to a statement […]

June 18, 2025 7 2

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Economy

CPS Retirees to Benefit from ₦30bn Gratuity Plan

By Oluwakemi Kindness The National Pension Commission (PenCom), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), is set to introduce a ₦30 billion annual gratuity scheme for retiring civil servants under the Contributory Pension Scheme (CPS)." Director General of PenCom, Omolola Oloworaran, stated this during a courtesy visit to the Head of the Civil Service of the Federation (HCSF) Didi Walson-Jack, in […]

June 17, 2025 11 9 3

Vice President Shettima speaking at the Nigeria PPP Summit 2025, promoting private sector collaboration in infrastructure development.

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Economy

FG Reaffirms Infrastructure Drive Through Private Sector Partnerships

By Oluwakemi Kindness The Federal Government has reaffirmed its commitment to accelerating infrastructure development through strategic collaboration with the private sector. Vice President Kashim Shettima made this known while declaring open the Nigeria Public-Private Partnership (PPP) Summit 2025, held at the State House Conference Centre, Abuja. The two-day summit is themed “Unlocking Nigeria’s Potential: The Role of PPPs in Delivering the Renewed Hope Agenda.” Shettima emphasized the importance of the […]

June 17, 2025 9 2 2

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Economy

FCCPC Summons Air Peace Over Surge in Unrefunded Flight Tickets

By Oluwakemi Kindness Nigeria’s apex consumer protection body, the Federal Competition and Consumer Protection Commission (FCCPC), has summoned the management of Air Peace Limited following a rising tide of complaints over unrefunded ticket fares, even in cases where flights were cancelled by the airline. The Commission said the complaints, which have come from passengers nationwide, point to potential violations of Sections 130(1)(a), (b), and 130(2)(b) of the Federal Competition and […]

June 16, 2025 8 1

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Economy

CBN Denies Extending BDC Recapitalisation Deadline

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Hakama Sidi Ali, describes the information as false, misleading, and stated that it should be disregarded. According to her, the Bank has […]

June 12, 2025 10 14