News – Page 29 – Democracy Radio

Aviation Boost: NAICOM Rolls Out Bold New Leasing Rules

By Oluwakemi Kindness The National Insurance Commission (NAICOM) has officially launched the Revised Regulation on Insurance for Leased and Financed Aircrafts. The revised regulation seeks to strengthen Nigeria’s aviation and insurance industries, enhance investor confidence, and promote ease of doing business in the country. The unveiling held in Abuja on Monday at the Office of the Minister of Aviation, Festus Keyamo, SAN, with other key stakeholders in the Insurance and Aviation sectors present. The revised regulation is the result of […]

May 12, 2025 22 15

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Economy

Customs Boss Advocates ‘Nigeria First’ Drive for Economic, Security Gains

By Oluwakemi Kindness The Comptroller-General of Customs, Adewale Adeniyi, has called for the adoption of the Nigeria First initiative as a cornerstone for enhancing cross-border trade and safeguarding national security. Adeniyi made the call while delivering a keynote lecture at the Obafemi Awolowo University Muslim Graduates’ Association (UNIFEMGA) annual conference in Ile-Ife, Osun State, at the weekend. Speaking on the topic “Cross-Border Trade and Security Implications on the Nigerian Economy: Taking Advantage of Global Trade Dynamics”, CGC Adeniyi emphasises the […]

May 11, 2025 10 2

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Business

ICRC Backs FG’s PPP Factories for Paramilitary Uniform Production

By Oluwakemi Kindness The Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government’s Public Private Partnership (PPP) initiative in the shoe and garment factory under the Nigeria Correctional Service (NCoS) is capable of meeting a substantial part of the uniform needs of Nigeria’s paramilitary agencies. This development follows President Bola Tinubu’s directive on the procurement of locally produced goods—a key component of his administration’s Renewed Hope Agenda. According to a statement on Sunday by the Acting Head Media, ICRC, Ifeanyi […]

May 11, 2025 8 2

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Economy

AGF Ogunjimi Commits to Quick Passage of PFM Bill

By Oluwakemi Kindness The Accountant General of the Federation, Shamseldeen Ogunijmi has expressed his readiness to ensure the successful passage of the Public Financial Management (PFM) Bill. The PFM Bill initiated by the Office of the Accountant General of the Federation (OAGF) seeks to give legal backing to the public finance management reform initiatives of the federal government and the operations of the treasury of the federation. Ogunijmi spoke at a meeting with the Director General of the Bureau of […]

May 11, 2025 6 3

News

NCPC Boss Congratulates Catholic Faithful and Christians Worldwide On Emergence of Pope Leo XIV

By Chinedu Echianu The Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC), Bishop Stephen Adegbite, has extended his warmest congratulations to the Catholic faithful and Christians worldwide on the election of Pope Leo XIV as the 267th Pontiff of the Catholic Church. In a statement released shortly after the announcement of the new Pope's emergence, Bishop Adegbite commended the 133 Cardinals for their unanimity of purpose, resilience, and forthrightness in choosing the new Bishop of Rome. He also expressed […]

May 10, 2025 13

Featured

FCT to Expand Water Supply to Satellite Towns

By Sofiat Adenekan The Federal Capital Territory Administration has unveiled plans to expand water supply infrastructure to satellite towns around Abuja, in line with President Bola Ahmed Tinubu’s inclusive development agenda. FCT Minister Nyesom Wike, made this known during an inspection tour of key projects in the capital on Friday, ahead of the President’s second-year anniversary. Wike said the Administration has made adequate budgetary provisions for the water project, which is aimed at enhancing water distribution in Abuja and surrounding […]

May 9, 2025 4

Economy

PenCom Urges Lagos Governor to Ensure Equitable Pension Increases

By Oluwakemi Kindness The National Pension Commission (PenCom) has urged Lagos state Governor, Sanwo-Olu to extend periodic pension increases given to retirees under the Defined Benefit Scheme (DBS) to those under the Contributory Pension Scheme (CPS) to improve their monthly payments. The Director General, PenCom, Omolola Oloworaran, made the request during a courtesy visit to Governor Sanwo-Olu. She points out that currently, only DBS retirees are paid pension increases in Lagos State, leaving out their counterparts under the CPS. According […]

May 8, 2025 10

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National Assembly

Reps Moves to Mitigate Ecological Emergencies

By Oluwakemi Kindness The House of Representatives on Thursday, passed through second reading a bill seeking to address critical issues such as climate change adaptation, drought, desertification, flooding, coastal erosion, dam failure, building collapse, oil spills, road accidents, fire, air crashes, boat mishaps, among others. The proposed legislation titled, "Bill for an Act to Repeal the National Emergency Management Agency Act, Cap. N34, Laws of the Federation of Nigeria, 2004 and Enact the National Emergency Management Agency Bill and for […]

May 8, 2025 18 2

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Business

NEPC, NBS Sign MoU to Capture Informal Cross-Border Trade Data

By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) and the National Bureau of Statistics (NBS) have formalized a partnership through the signing of a Memorandum of Understanding (MoU) to improve data collection on Informal Cross-Border Trade (ICBT) in Nigeria. Speaking at the signing ceremony held at the NBS Headquarters in Abuja, NEPC Executive Director/CEO, Nonye Ayeni, describes the agreement as a significant milestone in Nigeria’s efforts to expand its export trade by including data from the informal sector. Ayeni […]

May 8, 2025 31 4