PTAD Pays ₦8.6bn Arrears to 148,000 DBS Pensioners
By Oluwakemi Kindness The Pension Transitional Arrangement Directorate (PTAD) has finalized the payment of another instalment of pension arrears arising from the ₦32,000 increment approved by President Bola Tinubu, in 2024. The latest instalment, which totals ₦8.6 billion, covers all 148,625 eligible Defined Benefit Scheme (DBS) pensioners across the Police, Civil Service, Parastatals, as well […]
CPS Retirees to Benefit from ₦30bn Gratuity Plan
By Oluwakemi Kindness The National Pension Commission (PenCom), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), is set to introduce a ₦30 billion annual gratuity scheme for retiring civil servants under the Contributory Pension Scheme (CPS).” Director General of PenCom, Omolola Oloworaran, stated this during a courtesy […]
FG Reaffirms Infrastructure Drive Through Private Sector Partnerships
By Oluwakemi Kindness The Federal Government has reaffirmed its commitment to accelerating infrastructure development through strategic collaboration with the private sector. Vice President Kashim Shettima made this known while declaring open the Nigeria Public-Private Partnership (PPP) Summit 2025, held at the State House Conference Centre, Abuja. The two-day summit is themed “Unlocking Nigeria’s Potential: The […]
FCCPC Summons Air Peace Over Surge in Unrefunded Flight Tickets
By Oluwakemi Kindness Nigeria’s apex consumer protection body, the Federal Competition and Consumer Protection Commission (FCCPC), has summoned the management of Air Peace Limited following a rising tide of complaints over unrefunded ticket fares, even in cases where flights were cancelled by the airline. The Commission said the complaints, which have come from passengers nationwide, […]
CBN Denies Extending BDC Recapitalisation Deadline
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Hakama Sidi Ali, describes the information as […]
SEC Warns Investors Against Dealing with CBEX, Super Technology
By Oluwakemi Kindness The Securities and Exchange Commission has raised the alarm, cautioning Nigerians against transacting with Crypto Bridge Exchange (CBEX) and St.Technologies International Limited, also known as Smart Treasure/Super Technology. The causation on Wednesday followed reports indicating that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Ltd, also known as […]
Nigeria Targets $2.5bn Global Beef Market Through Strategic FDI
By Oluwakemi Kindness In a strategic move to position Nigeria as a major supplier of quality beef to both domestic and international markets, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), in collaboration with the Federal Ministry of Livestock Development, has launched a Feedlot Management Training Programme. The programme, which held its […]
Nigeria, East/Southern Africa Launch Air Cargo Trade Route
By Oluwakemi Kindness The Nigeria Customs Service, in collaboration with the Federal Ministry of Industry, Trade and Investment, has commissioned the inaugural Nigeria–East/Southern Africa Air Cargo Corridor. The Air Cargo Corridor marks a major milestone in regional trade facilitation and continental integration under the African Continental Free Trade Area (AfCFTA) framework. The historic flag-off event […]
Ponzi Operators in NIgeria to Face ₦10 Million Fine– IST Boss
By Oluwakemi Kindness The Investments and Securities Tribunal (IST), says the newly enacted Investments and Securities Act prescribes punitive measures of no less than ten million naira against operators of Ponzi schemes. This is according to the Chairman of the IST, Amos Azi, who stated this at the weekend in Abuja during a stakeholders’ engagement […]
NSIA Set to Host Fourth Annual Africa Sovereign Investors Forum
By Oluwakemi Kindness The The Nigeria Sovereign Investment Authority is set to to host the fourth annual meeting of the Africa Sovereign Investors Forum (ASIF 2025) in Abuja, Nigeria. The forum will spotlight the pivotal role of sovereign wealth funds and institutional investors in mobilizing regional and international capital to drive inclusive growth and transformation […]