PenCom Eases Benefit Payments Process For Retirees

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 that PFAs must continue to submit requests for approval to the Commission regarding depleted RSAs […]

March 14, 2025 29 10 6

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Economy

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 routine baggage check on an inbound passenger, Hauwa Ibrahim Abdullahi, who arrived on Saudi Airline […]

March 14, 2025 17 3 4

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Economy

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 the Commission's Board Room, he assured them of NAICOM's commitment to creating an enabling environment […]

March 12, 2025 16 10 3

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Economy

Yobe State Government Seeks PenCom Support towards Pension Reform

Oluwakemi Kindness Yobe State Government has expressed its readiness to collaborate with the National Pension Commission (PenCom) in implementing the Contributory Pension Scheme (CPS) in the state. The Governor, Mai Mala Buni, disclosed this in Abuja at the weekend during a meeting with the Director General of PenCom, Omolola Oloworaran in Abuja, where discussions focused on the adoption and implementation of the CPS in Yobe State. Speaking during the meeting, […]

March 10, 2025 23 42 4

Economy

OAGF Denies Alleged Shortfall In January, February Salary Payment

Oluwakemi Kindness The Office of the Accountant General of the Federation (OAGF) says there are no shortfalls in salaries paid to Federal Workers in January and February 2025. The OAGF on Friday said the salaries that workers received in January and February 2025 were their normal salaries after the various arrears that were paid from October to December 2024 were exhausted. In a statement in Abuja by the Director of […]

March 8, 2025 21

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Economy

CBN strengthens Regulatory Oversight to Safeguard Nigeria’s Financial System

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening regulatory oversight to protect the country’s financial ecosystem and align it with global best practices. Shola Phillips, Special Adviser to the CBN Governor on Compliance, emphasized the need for strict adherence to international banking standards to sustain confidence in Nigeria’s financial sector. He made this known at a high-level Mandatory Compliance and Anti-Money Laundering (AML) […]

March 2, 2025 14 1 4

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Economy

Political Exclusion Hindering Good Governance in Nigeria – Prof Igoche

By: Anayo Akwiti A Professor of Peace and Conflict Resolution, Edwin Igoche, has identified political polarization and extremism as major obstacles to achieving lasting peace and effective governance in Nigeria. Speaking in a statement made available to Democracy Radio on Friday, the Professor emphasized that tackling these challenges requires a multi-faceted approach involving individuals, communities, organizations, and governments. He also highlighted other critical issues such as social and […]

March 1, 2025 18 2

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Economy

NDIC Urges Legal Practitioners to Aid Debt Recovery

By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC), has urged legal practitioners to support its efforts in recovering debts and realizing assets from failed banks to strengthen the country’s financial system. Speaking at the 2024 Sensitisation Seminar for External Solicitors in Abuja, NDIC’s Managing Director, Hassan Bello, emphasized that debt recovery is crucial to the Corporation’s mandate. Represented by the Head of Litigation, Ramatu Abdullahi, Bello, stressed the need […]

February 27, 2025 27 20 6

Business

Tax Reform Bills Will Boost Economy – Senator Lad

By: Anayo Akwitti The Special Adviser to the President on Senate Matters, Senator Basheer Lado, CON, has assured Nigerians that the proposed tax reform Bills undergoing a public hearing at the National Assembly will drive economic growth and enhance the standard of living. Speaking during a courtesy visit by a delegation of professors, scholars, and commissioners from Kano State, Senator Lado reaffirmed President Bola Ahmed Tinubu’s commitment to […]

February 27, 2025 26