Nigerian Customs Proposes ₦1.13trn 2025 Budget, Criticizes 2024 Funding Shortfall
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has proposed a budget of N1.13 trillion for its 2025 operations. The budget it notes aims at strengthening revenue generation despite what lawmakers describe as gross underfunding in the previous year. Deputy Comptroller-General of Customs, Bello Jibo, presented the proposal on Monday during a budget defence session […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]