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 […]
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 […]
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 […]
Nigeria Customs Commences Form M Automation on B’Odogwu Portal
By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Monday announced the successful commencement of the pilot phase for processing Form M through the B’Odogwu (Unified Customs Management System) in all Commands of the Service. This initiative represents another bold step in the Service’s technology-driven reforms to modernise trade procedures and enhance operational efficiency. The […]
PenCom To Recover N1.3bn Unpaid Pension Contributions from Newspaper Organisations
By Oluwakemi Kindness The National Pension Commission (PenCom) says newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists. This is disclosed by the Director General of PenCom, Omolola Oloworaran, when she led a delegation to the Nigerian Press Council in Abuja. A statement by the commission says Oloworaran expressed concerns over […]
CBN Revises Documentation Requirements For PAPSS Transactions
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has announced a significant review of the documentation requirements for transactions conducted through the Pan-African Payment & Settlement System (PAPSS) in Nigeria. According to a statement by the Bank on Monday, this initiative is part of CBN’s ongoing commitment to foster seamless intra-African trade, financial inclusion, […]
Federal Government Set To Pay Arrears Of Wage Award
By Oluwakemi Kindness The Federal Government on Monday says it is set to pay the outstanding five months N35,000 wage award arrears to federal government workers. The Office of the Accountant General of the Federation (OAGF) made this known in a statement issued in Abuja by the Director Press, Bawa Mokwa. The OAGF explaines that […]
PenCom, NERC Crack Down on GENCOs, DISCOs Over Pension Arrears
By Oluwakemi Kindness The National Pension Commission (PenCom) has sought the intervention of the Nigerian Electricity Regulatory Commission (NERC) to compel electricity Generation Companies (GENCOs) and Distribution Companies (DISCOs) to remit outstanding pension contributions owed to their employees. PenCom’s Director General, Ms. Omolola Oloworaran, stated this when she led a delegation to seek NERC’s intervention […]
Liquidation Dividend: NDIC pays ₦46.6bn To Depositors Defunct Heritage Bank
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared the first tranche of liquidation dividends of ₦46.6bn from the proceeds of sales of the defunct Heritage bank’s assets and recovery of debts owed to the defunct institution. Liquidation dividend represents amount paid by the Corporation to depositors of a closed bank, in excess […]
Ondo State to Explore Pension Funds For Infrastructural Development
By Oluwakemi Kindness Ondo State government says it is exploring opportunities to leverage pension funds for infrastructural development in the state. Governor Lucky Aiyedatiwa, made this known when he received a delegation from the National Pension Commission (PenCom) led by the Director General, Omolola Oloworaran in Akure. A statement by the Commission on Thursday says […]