PenCom, PFAs Launch Online RSA Data Recapture
By Oluwakemi Kindness The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), will on 1 February 2026 launch a self-service online data recapture platform for Retirement Savings Account (RSA) holders. The platform, known as the Data Recapture Self-Service Platform (PENCAP), enables contributors to remotely update their personal records without visiting their PFAs. […]
NUPRC Opens 50 Oil, Gas Blocks for 2025 Licensing Round
By: Aremu Toyeebaht The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched the 2025 oil and gas licensing round, offering 50 blocks for bidding across five sedimentary basins, while making it clear that only technically sound and financially capable firms will qualify. The commission said the exercise is aimed at weeding out speculative bidders and […]
CBN Reaffirms Commitment to Stability as UK’s BII Signals Investment Interest
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to macroeconomic stability, credible monetary policy, and a transparent, data-driven regulatory framework aimed at strengthening the resilience of Nigeria’s banking system. Governor of the Bank, Olayemi Cardoso Cardoso spoke on Wednesday, while hosting a delegation from […]
NLC, TUC Back FCT Workers, Insist Strike Continues Despite Court Order
By Chinedu Echianu The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have declared their full support for workers of the Federal Capital Territory Administration (FCTA) insisting that the ongoing strike will continue until the Minister of the Federal Capital Territory, Nyesom Wike, engages workers in negotiations. A statement, jointly signed by Benson […]
PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
By Oluwakemi Kindness The National Pension Commission (PenCom) has approved a major upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), raising their total monthly pension payments from ₦12.56 million to ₦159.95 million. The approval represents an unprecedented 1,173 per cent increase in total monthly pension payouts and […]
NSITF Advocates Shift from Compliance to Safety Culture in Nigerian Workplaces
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) is calling for a nationwide attitudinal change from routine compliance with safety rules to the entrenchment of a sustainable safety culture across industries in Nigeria. Managing Director of NSITF, Barrister Oluwaseun Faleye, made the call on Tuesday in Abuja at the NSITF–Nigeria Employers’ Consultative […]
FG Moves to Resolve Oil Well Disputes with Nationwide Mapping
By Oluwakemi Kindness The Federal Government has commenced the plotting of coordinates for disputed and newly drilled oil and gas wells across Nigeria’s oil-producing states, a move aimed at resolving ownership disputes and ensuring accurate revenue allocation. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, disclosed this while […]
NDLEA Launches Crop Substitution Project for Illicit Cannabis Growers
By Oluwakemi Kindness The Chairman of the National Drug Enforcement Agency (NDLEA), Brig. Gen. Mohamed Buba Marwa (rtd), says Nigeria’s new Alternative Development Project is designed to end the long-standing conflict between law enforcement and illicit drug cultivators by providing sustainable livelihoods and food security for affected communities. Marwa made this known on Tuesday, at […]
Court Orders FCT Workers to Suspend Strike
By Sofiat Adenekan-Abdul The National Industrial Court of Nigeria (NICN), sitting in Abuja, has ordered workers of the Federal Capital Territory (FCT) to suspend their ongoing strike. The court granted an interlocutory injunction filed by the Minister of the Federal Capital Territory, Nyesom Wike, alongside the FCT Administration, against the Joint Union Action Committee. The […]
Enugu Airport Concession to Drive Southeast Growth, Boost Investor Confidence – ICRC
By Oluwakemi Kindness The Infrastructure Concession Regulatory Commission (ICRC) says the concession of Akanu Ibiam International Airport is set to drive Southeast economic growth and boost investor confidence. Director-General of the ICRC, Dr. Jobson Ewalefoh, who stated this said the project aligns with President Bola Tinubu’s Renewed Hope Agenda. Dr. Ewalefoh in a statement he […]