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Police Commissioner Launches Weapon and Riot Control Training for FCT Officers Democracy Radio
Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday reports a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024. The NFER stands at $23.11 billion, the highest level in over three years, marking ab increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. This reflects a substantial improvement in the country’s external liquidity, […]
Oluwakemi Kindness The National Pension Commission (PenCom) has officially launched its new Pension Contribution Remittance System, a platform designed to optimize the process of remitting pension contributions into employees' Retirement Savings Accounts (RSAs). This system, developed in collaboration with the Pension Operators’ Association of Nigeria (PenOp), has deployed approved Payment Solution Service Providers (PSSPs) to enhance accuracy, efficiency, and transparency in pension contributions. The introduction of the Pension Contribution […]
Oluwakemi Kindness The National Pension Commission (PenCom) has called on all states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. This is as the Commission urges Akwa Ibom, Borno, Kwara, Plateau, Cross River, and Yobe States to commence implementation of the Contributory Pension Scheme CPS in their states. PenCom also urges Abia, Adamawa, Bauchi, Bayelsa, Ebonyi, Enugu, Gombe, Imo, Kano, Katsina, Kebbi, Kogi, […]
Oluwakemi Kindness The Nigeria Customs Service (NCS) on Wednesday announced the exemption of import duty and Value Added Tax (VAT) from critical raw materials essential for the production of pharmaceutical products for a period of two years. This exemption according to Customs covers Active Pharmaceutical Ingredients (APIs), excipients, and other vital raw materials required for manufacturing essential medicines, Long-Lasting Insecticidal Nets (LLINs), Rapid Diagnostic Kits, reagents, and packaging materials. This […]
Oluwakemi Kindness The Comptroller-General of Customs (CGC), Adewale Adeniyi, has called on officers and stakeholders to embrace the spirit of service, discipline, and charity as essential values during the holy month of Ramadan and beyond. He made this known during the Iftar by Trade Modernisation Project (TMP) Limited held at the Nigeria Customs Service (NCS) Headquarters in Maitama, Abuja. According to a statement by Customs spokesperson Abdullahi Maiwada, CGC Adeniyi […]
Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared a total sum of N1.678 trillion as February 2025 Federation Account Revenue. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi. The […]
Oluwakemi Kindness The Pension Transitional Arrangement Directorate (PTAD) has disbursed One Billion, Six Hundred and Forty-Four Million, Three Hundred and Fifty-Eight Thousand, Two Hundred and Ninety-Nine Naira, Seventy Kobo to Next of Kin of deceased pensioners. The over one point six billion naira was paid to 776 verified and eligible Next of Kin (NOK) of deceased pensioners from the Civil Service, Police, Parastatals, Customs, Immigration, and Prisons Pension Departments. […]
Oluwakemi Kindness The Accountant-General of the Federation, Shamseldeen Ogunjimi says he would collaborate and tap from the wealth of experiences of all Former Accountants -General of the Federation to bring the nation treasury to a greater height. Ogunjimi disclosed this while receiving two Former Accountants-General of the Federation, Dr. John Naiyeju and Dr. Ibrahim Dankwambo in his office in Abuja. According to a statement by the Director of Press, Bawa […]
Oluwakemi Kindness The National Pension Commission (PenCom) says effective from 1st June 2025, Pension Fund Administrators (PFAs) would no longer be required to seek approval or obtain a “No Objection” from the Commission before processing and disbursing benefits, including Programmed Withdrawal, Retiree Life Annuity, and Temporary Loss of Employment benefits, among others. PenCom, however, noted that PFAs must continue to submit requests for approval to the Commission regarding depleted RSAs […]
