No Retiree Will Be Left Behind – PenCom
By Oluwakemi Kindness Speaking at the Stakeholders’ Conference on the Workings of the CPS in Abuja, PenCom’s Director General, Omolola Oloworaran, described the gathering as “a continuation of a national conversation that directly impacts the lives, dignity, and future of millions of Nigerian workers and retirees.” Represented by the Acting Commissioner for Technical, Hafiz Kawu-Ibrahim, […]
Tinubu to Inaugurate Renovated National Theatre on Independence Day
By Oluwakemi Kindness President Bola Tinubu will on Wednesday, October 1, inaugurate the newly renovated National Arts Theatre, Iganmu, Lagos, as part of events marking Nigeria’s 65th Independence Anniversary. The project, executed by the Central Bank of Nigeria (CBN) and the Bankers’ Committee, is described as a major investment in Nigeria’s cultural heritage and creative […]
SEC Warns Nigerians Against AI-Generated Investment Scams
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has raised alarm over a surge in artificial intelligence (AI)-driven investment scams in Nigeria. It is warning the public to be vigilant against platforms offering guaranteed profits and fake celebrity endorsements. The regulator in a statement on Sunday recalled that unlicensed platforms such as CBEX, Silverkuun, […]
PenCom Raises Capital Base for Pension Operators
By Oluwakemi Kindness The National Pension Commission (PenCom) has announced a major increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs). It describes this as a strategic move to strengthen Nigeria’s pension industry and protect workers’ retirement savings. In a circular signed by the Director of Surveillance, A.M. […]
FG Reaffirms Crude-for-Naira Policy, Assures Steady Fuel Supply
By Oluwakemi Kindness The Federal Government has restated its commitment to the crude-for-naira initiative, assuring Nigerians that there will be no disruption in the supply of refined petroleum products across the country. This is according to a statement issued on Sunday by the Director of Information and Public Relations at the Federal Ministry of Finance, […]
PenCom, TUC Partner to Safeguard Nigerian Workers’ Pensions
By Oluwakemi Kindness By Oluwakemi Kindness The National Pension Commission (PenCom) has reaffirmed its commitment to work more closely with the Trade Union Congress of Nigeria (TUC) to strengthen pension compliance and safeguard the retirement savings of Nigerian workers PenCom Director General, Ms. Omolola Oloworaran, gave the assurance during a courtesy visit to the TUC […]
CBN Cuts Interest Rate to 27% to Boost Economy
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reduced the benchmark interest rate, the Monetary Policy Rate (MPR), by 50 basis points to 27 per cent to support growth and ease borrowing costs. The decision was announced on Tuesday by the Governor of the CBN, Olayemi Cardoso, at the end of it 302nd […]
Reps Order Accountant-General to Publish N2.4tr Contractor Payments
By Oluwakemi Kindness The House of Representatives has directed the Accountant-General of the Federation, Shamseldeen Ogunjimi, to submit a comprehensive spreadsheet detailing contractors who have received payments from the federal government’s N2.4 trillion allocation for project implementation. The directive followed disclosures by the Office of the Accountant-General that N2.4 trillion had already been disbursed to […]
President Tinubu Reconstitutes Securities Tribunal With 12 Appointees
By Oluwakemi Kindness President Bola Tinubu has approved the reconstitution of the Investments and Securities Tribunal (IST) with the renewal of appointment of the Chairman and the inauguration of 12 new members. The announcement in a statement issued on Sunday by Maria Anodere, Acting Head of Corporate Affairs Department of the IST, said the move […]
Nigeria’s PenCom Clears Pension Arrears, Launches Pension Reform 2.0
By Oluwakemi Kindness The National Pension Commission (PenCom) says it has cleared all outstanding pension arrears under the Contributory Pension Scheme (CPS). This is according to the Director-General of PenCom, Ms. Omolola Oloworaran, who said retirees under the scheme now receive their benefits promptly. She stated this on Thursday while speaking with newsmen shortly after […]