News – Democracy Radio

Ondo State to Explore Pension Funds For Infrastructural Development

By Oluwakemi Kindness Ondo State government says it is exploring opportunities to leverage pension funds for infrastructural development in the state. Governor Lucky Aiyedatiwa, made this known when he received a delegation from the National Pension Commission (PenCom) led by the Director General, Omolola Oloworaran in Akure. A statement by the Commission on Thursday says the PenCom delegation visited the Governor to discuss critical pension reforms aimed at improving welfare for retirees and ensuring compliance with the Contributory Pension Scheme […]

April 17, 2025 22 5

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News

Rice Fraud: FCCPC Frowns at Re-bagging Of Local as Foreign Products

By Oluwakemi Kindness Federal Competition and Consumer Protection Commission (FCCPC) has tasked sellers of rice in the Nigerian market to source their stock from Nigerian mills and authorized distributors or importers of foreign brands. The FCCPC handed down the charge in Abuja on Tuesday after it carried out an enforcement raid and sealed several shops for allegedly buying and selling of local rice re-bagged as foreign brands by market cartels in Utako market. Officials of the FCCPC were led on […]

April 17, 2025 13 4

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News

Extradite Arrested Drug Baron – Korea Tells NDLEA

By Oluwakemi Kindness The National Intelligence Service of the Republic of Korea (NIS) on Wednesday lauded the National Drug Law Enforcement Agency, for its exceptional effort and professionalism. This is particularly for apprehending a wanted 59-year-old drug baron Ogbonnaya Kevin Jeff whose 17 years of hiding in the dark to ship illicit drugs worth billions of naira across the world, was ended in February following his arrest by NDLEA operatives in Lagos. But the NIS delegation is seeking for the […]

April 16, 2025 15 5

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News

House of Representatives Summons Rivers State Administrator, Ibas

By Oluwakemi Kindness The House of Representatives Ad-Hoc Committee on Rivers State Oversight on Wednesday summoned the Sole Administrator of the state, Vice Admiral Ibok-Ete Ibas (rtd.). The sole administrator is to appear before the Professor Julius Ihonvbere let committee for a “comprehensive interactive session” on Thursday, April 17, 2025, at the National Assembly Complex, Abuja. According to a statement by the House spokesman Akin Rotimi, the session would provide a platform for members of the committee to deliberate on […]

April 16, 2025 14 5

News

NCC Boss Hails Presidential Aide,Senator Lado

By Anayo Akwitti The Executive Vice-Chairman (EVC) and Chief Executive Officer of the Nigerian Communications Commission, Dr. Aminu Maida has lauded the Special Adviser to the President on Senate Matters, Senator Basheer Lado over his exemplary style of administering his office. This praise came on Tuesday when the Special Adviser received him in audience on a courtesy visit in his office at the National Assembly Complex. The EVC, Dr. Maida said that the Special Adviser's gesture, not to limit the […]

April 16, 2025 5

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Economy

FAAC Shares N1.578trn As March 2025 Allocation

By Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared the sum of N1.578 trillion, being March 2025 Federation Account Revenue. The revenue was shared at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja;. The total revenue of N1.578 trillion comprised statutory revenue of N931.325 billion, Value Added Tax (VAT) revenue of N 593.750 billion, Electronic Money Transfer Levy (EMTL) revenue of N24.971 billion and Exchange Difference revenue of N28.711 billion. According […]

April 16, 2025 12 5

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Economy

We Can Withstand Shocks From Trade War – CBN

By Oluwakemi Kindness The Central Bank of Nigeria, CBN, says it is well prepared to handle the pressure and shocks from the ongoing trade wars between the U.S and China. The Apex bank explained that it is reviewing emerging scenarios to enable it take diligent actions to weather any form of storm that may arise for the country. The Director, Banking Supervision of the CBN, Dr. Olubukola Akinwumi, stated this while delivering a paper on Banking Recapitulation towards a one […]

April 14, 2025 16 21

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Business

ITF Abolishes Starter-Kits For Graduates Of Artisan Programmes

Oluwakemi Kindness The Industrial Training Fund, has abolished the practice of handing out Starter-packs to graduands of its skills training programs. Rather, the fund says it is exposing them to certification by both local and international awarding bodies to certify them as fit for both the local and international markets. The Director General of ITF, Dr. Afiz Oluwatoyin Ogun made this known in Abuja while briefing newsmen after the Fund completed its latest round of assessment of privately owned Training […]

April 14, 2025 19 9

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Business

Chinese Firm To Invest $1bn in Nigeria’s Sugar Industry

Oluwakemi Kindness The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership-an initiative of President Bola Tinubu—has the potential to attract investments of up to one billion dollars into the Nigeria sugar industry. According to the agreement, […]

April 14, 2025 12 4