NLC Issues Seven-Day Ultimatum to FG Over NSITF, PENCOM Mismanagement
By Chinedu Echianu The Nigeria Labour Congress (NLC) has given the Federal Government seven working days to return allegedly diverted workers’ funds from the Nigeria Social Insurance Trust Fund (NSITF) and to constitute the Governing Board of the National Pension Commission (PENCOM) in line with the law, warning that failure to comply could trigger nationwide […]
Tinubu Approves ₦32,000 Pension Increase, Reforms for DBS Pensioners
By Oluwakemi Kindness Pensioners under the Defined Benefit Scheme (DBS) are set for a significant boost in their monthly earnings as President Bola Tinubu has approved a ₦32,000 pension increase alongside a package of far-reaching welfare reforms. The Pension Transitional Arrangement Directorate (PTAD) announced the development describing it as a landmark step in protecting the […]
Agama Elected IOSCO AMERC Vice Chair, Vows Capital Market Reforms
By Oluwakemi Kindness The Director General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has been elected Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO). By virtue of the election, Agama will also serve on the IOSCO Board the apex decision-making body of […]
NSIA Hands Over 90 Revitalised Fertiliser Blending Plants to MOFI
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has formally handed over 90 fully operational fertiliser blending plants to the Ministry of Finance Incorporated (MOFI) This marks the successful transition of the Presidential Fertiliser Initiative (PFI) after nearly a decade of unprecedented growth in Nigeria’s agricultural input sector. When the Federal Government launched the […]
Tinubu Orders Immediate Free Healthcare for Low-Income Retirees
By Oluwakemi Kindness President Bola Tinubu has ordered the immediate implementation of the free healthcare access programme for low-income retirees under the Contributory Pension Scheme (CPS). He describes it as a cornerstone of his administration’s social protection agenda and a vital step in safeguarding the dignity of senior citizens. The President also direct the prompt […]
NSIA Awards $220,000 Innovation Prizes to Nigerian Startups
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has announced winners of the third edition of its NSIA Prize for Innovation (NPI 3.0), awarding over $220,000 to Nigerian startups developing solutions in energy, agriculture, and healthcare. The announcement followed an intense pitch session at the NPI 3.0 Demo Day, where ten finalists, selected from […]
Nigeria Expands CNG Conversion Centres from 7 to Over 300 — FG
By Oluwakemi Kindness The Federal Government says it has scaled up its Compressed Natural Gas (CNG) infrastructure from just seven to over 300 conversion centres, nationwide. Project Director of the Presidential CNG Initiative (PCNGi), Michael Oluwagbemi, stated this during an investigative hearing by the House of Representatives Ad-Hoc Committee on the Implementation of the CNG […]
Tinubu Extends Customs CG Adeniyi’s Tenure to Sustain Reforms, Trade Integration
By Oluwakemi Kindness President Bola Tinubu has approved a one-year extension of the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi. Adeniyi whose tenure was originally set to conclude on August 31, 2025, will now run until August 2026. The extension is aimed at sustaining momentum on several critical reform programmes […]
NDIC’s New Management Vows to Protect Depositors, Strengthen System Stability
By Oluwakemi Kindness The newly inaugurated leadership of the Nigeria Deposit Insurance Corporation (NDIC) has pledged to carry out its responsibilities effectively in line with the agency’s mandate to protect depositors and contribute to financial system stability. The newly appointed Managing Director and Chief Executive Officer of the NDIC, Thompson Sunday, gave the assurance in […]
SEC Targets $500bn from Dormant Assets
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria can unlock over $500 billion in dormant agricultural and mineral assets through the formalisation of commodities and warehouse receipts. Director General of the SEC, Dr. Emomotimi Agama, made the disclosure in Abuja at a national workshop of the Chartered Institute of […]