News – Page 54 – Democracy Radio

NSITF Honoured with Award for Advancing Workforce Protection and Productivity

By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has added another feather to its cap as the Barrister Oluwaseun Faleye-led management received a prestigious award for advancing workforce protection and productivity. The recognition came just days after Vice President Kashim Shettima openly endorsed the innovative reforms introduced by the current NSITF leadership. The award was presented during the Gala Night of the National Industrial Manpower Summit held at the Banquet Hall of the Presidential Villa, Abuja. In his […]

August 16, 2025

Business

NSITF MD: Digital Transformation of Operations Urgent, Not Optional

By Chinedu Echianu The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye, has stressed the urgent need to digitalize the Fund’s operations, describing the move as a necessity rather than an option. Faleye made this known during his opening remarks at the Bi-Annual Regional Management Performance Review (RMPR), which is being held simultaneously across six regions of the country. “Digital transformation is not optional, it is urgent. We are investing in e-NSITF platforms, digital records […]

August 16, 2025

Economy

NAICOM Begins Recapitalisation as NIIRA 2025 Increases Capital Floor

By Oluwakemi Kindness The National Insurance Commission (NAICOM) has announced the commencement of a sweeping recapitalisation exercise for insurance and reinsurance companies in Nigeria. This follows the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Ahmed Tinubu on July 31, 2025. Under the new law, the Minimum Capital Requirements (MCR) have been significantly raised to ₦10 billion for life insurers, ₦15 billion for non-life insurers, ₦25 billion for composite insurers, and ₦35 […]

August 15, 2025

Prof. Adeola Adenikinju, President of the Nigerian Economic Society, speaking during a press briefing on Nigeria’s economic outlook.

Business

Economists Warn Nigeria’s Shrinking Industrial Base Threatens Long-Term Growth

By Julian Osamoto Economists are warning that Nigeria’s shrinking industrial base could worsen poverty and unemployment, unless the government adopts deliberate and sustained policy measures, despite recent economic reforms. Speaking at a one-day sensitisation workshop on the newly released Rebased Gross Domestic Product and Consumer Price Index data from the National Bureau of Statistics NBS, organised by Center for the Study of the Economies of Africa (CSEA), Prof. Adeola Adenikinju, President of the Nigerian Economic Society, described current data on the […]

August 15, 2025

Economy

Nigeria Customs Vows No Retreat on B’Odogwu Rollout, Warns on Cyberattacks

By Oluwakemi Kindness The Nigeria Customs Service (NCS) has reaffirm its commitment to the full deployment of its Unified Customs Management System (UCMS), codenamed *B’Odogwu*. This is as it warns that recent cyber attacks targeting the platform amount to economic sabotage. Comptroller General of Customs (CGC) Adewale Adeniyi gave the assurance during a high-level stakeholders’ engagement at the Apapa Area Command, where issues affecting the maritime industry and cargo clearance processes were discussed. Adeniyi according to a statement by Customs […]

August 15, 2025

Economy

PenCom Plans 75% Salary Pensions, Health Cover for Retired Police

By Oluwakemi Kindness The National Pension Commission (PenCom) has unveiled plans to raise police pensions to 75 per cent of an officer’s final salary before retirement and introduce a health insurance scheme for retired officers, as part of sweeping reforms to the Contributory Pension Scheme (CPS). PenCom’s Director General, Ms Omolola Oloworaran, disclosed the measures during a visit to the Inspector General of Police (IGP), Kayode Egbetokun, at Force Headquarters, Abuja. She was accompanied by senior members of the commission’s […]

August 15, 2025

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Sport

Thrilling Encounters Mark Day 2 of National Division I Volleyball League

By: Arinzechi Chukwunonso The second day of the 2025 National Division I Volleyball League delivered an action-packed spectacle on Wednesday, August 14, at the Moshood Abiola National Stadium, Abuja, as top contenders in both the men’s and women’s categories showcased skill, resilience, and competitive flair. Fans were treated to intense rallies and close-set battles, underscoring the fierce race for early dominance in the league. In the women’s division, Bayonet Spikers narrowly edged Ekiti Queens 2-0 (25-23, 25-23) in a nail-biting […]

August 14, 2025 2

General

FG to Begin Drug Tests for University Students – NDLEA

By Oluwakemi Kindness The Federal Government will soon commence mandatory drug tests for all returning and newly admitted students in tertiary institutions across Nigeria. The Chairman, National Drug Law Enforcement Agency (NDLEA) retired Brigadier General Mohamed Buba-Marwa, made the policy announcement in Abuja on Wednesday. He stated this during the commissioning of 46 newly procured operational vehicles for the agency’s commands and formations nationwide. Marwa said the measure, which has received the full backing of the Minister of Education, is […]

August 14, 2025

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Sport

Nimrod Rallies Volleyball Stakeholders As National League Gains Momentum

By: Arinzechi Chukwunonso President of the Nigeria Volleyball Federation, Engineer Musa Nimrod, has hailed the milestone in the country’s volleyball development journey. Nimrod made the statement on the sidelines of the ongoing National Division 1 and 2 Volleyball League in Abuja. The CAVB Zone 3 Secretary noted that the progress seen in this year’s league is a clear reflection of the federation’s grassroots development programs and support initiatives, which are beginning to yield tangible results. He emphasised that clubs from […]

August 14, 2025 2