PenCom Unveils New System To End Cases Of Uncredited Pension Contributions
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) […]
PenCom Tasks States On Implementation of CPS
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. […]
Customs Exempts pharmaceutical products From Import Duty, VAT
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 […]
Ramadan: Customs Boss Urges Personnel to Elevate Community Spirit
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) […]
FAAC; Federal, State and LGCs Shares N1.678trn
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 […]
Pensioners; 776 NOKs Receives ₦1.6bn Says PTAD
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) […]
AGF Pledges To Leverage Past Expertise For Growth
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 […]
PenCom Eases Benefit Payments Process For Retirees
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 […]
Customs Intercepts Undeclared Foreign Currency in Kano
Oluwakemi Kindness The Nigeria Customs Service (NCS) says it has intercepted a total of One Million, One Hundred and Fifty-Four Thousand, Nine Hundred U.S Dollars and One Hundred and Thirty-Five Thousand, Nine Hundred Saudi Riyals undeclared foreign currency at the Aminu Kano International Airport (MAKIA). It said the seizure was made recently during a […]
NAICOM Hands CHI Life Assurance Operational License
Oluwakemi Kindness The National Insurance Commission (NAICOM) has taken another step to strengthen the insurance industry in Nigeria by issuing a license to CHI Life Assurance Limited. Commissioner for Insurance, Olusegun Ayo Omosehin, who warmly welcomed the CHI Life Assurance executives, urged them to make a positive impact in the industry. Speaking in Abuja at […]