News – Democracy Radio

Unions Back Termination of Controversial E-NSITF Digitalisation Contract

By Chinedu Echianu Two major workers’ unions in the Nigeria Social Insurance Trust Fund (NSITF) — the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) have endorsed the management’s decision to terminate the controversial E-NSITF digitalisation contract, which they described as fraudulent, wasteful, and lacking in value. They say the cancellation reflected the NSITF management’s commitment to transparency and accountability in line with President Bola […]

November 5, 2025

Economy

Electric Vehicle Transition Bill Scales Second Reading in Senate

By Anayo Akwitti The Nigerian Senate has passed for second reading the Electric Vehicle Transition and Green Mobility Bill, 2025, sponsored by Senator Orji Uzor Kalu (Abia North). The Bill is aimed at creating a national framework to drive Nigeria’s shift to electric vehicles (EVs), promote local manufacturing, and enhance environmental sustainability. The proposed legislation, which enjoyed broad bipartisan support during Wednesday’s plenary, outlines strategies for developing Nigeria’s electric mobility sector through local content development, foreign partnership regulations, nationwide charging […]

November 5, 2025

Economy

Nigeria’s Non-Interest Capital Market Hits ₦1.6 Trillion, Says SEC DG Agama

By Oluwakemi Kindness Nigeria’s non-interest capital market has grown to a valuation exceeding ₦1.6 trillion, signaling its expanding role in promoting financial inclusion and driving infrastructure development across the country. The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this at the 7th African International Conference on Islamic Finance (AICIF) 2025, held in Lagos on Wednesday. He said the steady growth reflects investor confidence and the success of ongoing regulatory reforms under the Investments and Securities […]

November 5, 2025

Economy

PenCom, NAICOM Enforce Stricter Compliance with Pension and Insurance Laws

By Oluwakemi Kindness The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have jointly issued a directive mandating full compliance with Nigeria’s pension and insurance regulations across the insurance industry and its value chain. The directive, contained in a Joint Circular on Wednesday signed by Abdulrahaman Muhammad Saleem, Director of Surveillance at PenCom, and Talmiz Usman, Director of Legal, Enforcement and Market Development at NAICOM, seeks to reinforce adherence to the Pension Reform Act (PRA) 2014 and the […]

November 5, 2025

General

DG NILDS Mourns Former Chief of Staff and Pioneer DG of NSO

By Chinedu Echianu Director General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Sulaiman, has expressed deep sorrow over the passing of General Abdullahi Muhammad (Rtd), former Chief of Staff to Presidents Olusegun Obasanjo and the late Umaru Musa Yar’Adua. In a statement issued on Wednesday by his Media Adviser, Mohammad Abdulkadri, Professor Sulaiman described the late General’s death as “a dark chapter in the annals of the nation and a monumental loss to Kwara State […]

November 5, 2025

General

DG NILDS Appoints Seasoned Communication Expert as Personal Assistant

By Chinedu Echianu The Director General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Sulaiman, has appointed veteran journalist Mr. Zakariyau Mohammed Ndagiyama as his Personal Assistant on Communication and Strategy. According to a statement issued by the Institute, the appointment — dated Tuesday, November 4, 2025, and signed by the Acting Director of Administration and Human Resources, Musbau Olalere Moshood — takes immediate effect. Ndagiyama, a seasoned communication professional, brings with him years of experience […]

November 5, 2025

Economy

FG Backs NIIRA 2025 Implementation, Sets July 2026 Recapitalization Deadline

By Oluwakemi Kindness The Federal Government has reaffirmed its commitment to the full implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, as part of sweeping reforms to reposition Nigeria’s insurance sector for growth, innovation, and global competitiveness. Declaring open the 2025 Insurance Directors’ Conference in Lagos on Wednesday, the Minister of State for Finance, Doris Uzoka-Anite, described NIIRA 2025 as “a landmark initiative and a national mission” that aligns with President Bola Tinubu’s economic transformation agenda. “NIIRA 2025 […]

November 5, 2025

Business

FCCPC Shuts Down Five Kano Textile Warehouses over Deceptive Trade Practices

By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the warehouses of five major textile distributors in Kano over alleged deceptive trade practices involving the sale of underweight and shortened fabrics to unsuspecting consumers. A statement issued on Wednesday by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, says the enforcement operation, led by the Commission’s Director of Surveillance and Investigation, Boladale Adeyinka, followed weeks of covert monitoring across major textile markets in Kano. The surveillance revealed that […]

November 5, 2025

Economy

Nigeria, Ghana Step Up Joint Fight Against Smuggling

By Oluwakemi Kindness Nigeria and Ghana have agreed to strengthen their collaboration to stop illicit activities and improve cross-border trade under the African Continental Free Trade Area (AfCFTA). The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, made this known during a visit to the Commissioner-General of Ghana’s Customs Division, Brigadier General Glover Annan, in Accra. Both countries will review and update their 2001 Customs cooperation agreement to improve intelligence sharing, joint border operations, and harmonised clearance processes. Adeniyi […]

November 5, 2025