Budget Clarifies NEDC ₦246Bn Allocation, Debunks Salaries Claims
By Oluwakemi Kindness The Budget Office of the Federation (BOF) has rejected recent claims that the North East Development Commission (NEDC) operates a ₦246 billion salaries budget, describing the allegation as misleading and based on a misunderstanding of Nigeria’s federal budgeting process. Director-General of the Budget Office, Tanimu Yakubu, explained that the ₦246.77 billion figure […]
TUC Gives Health Ministry 7-Day Ultimatum Over ‘No Work, No Pay’ Policy
By Chinedu Echianu The Trade Union Congress of Nigeria (TUC) has issued a seven-day ultimatum to the Federal Ministry of Health and Social Welfare to withdraw a circular enforcing the “No Work, No Pay” policy. It is also requesting that salaries of members of the Joint Health Sector Unions (JOHESU) be immediately restored. In a […]
Nigeria – EU Set to Deepen Strategic Ties, Cooperation in 2026
By Zainab Bakare The Federal government and the European Union have moved to deepen their strategic partnership. Both sides hits that they plans for expanded cooperation and higher-level engagement in 2026. The renewed push underscores a shared commitment to strengthening political, economic and security ties. According to a statement by the ministry’s spokesperson, […]
Nigeria, Netherlands Strengthen Partnership on Trade, Security Development
By Zainab Bakare The Federal Government and the Kingdom of the Netherlands have agreed to deepen their strategic partnership. The partnership signals a renewed commitment to closer cooperation in key economic, security, and development areas. The development is confirmed in a statement by the Ministry of Foreign Affairs spokesperson, Kimiebi Ebienfa. The agreement followed […]
Tinubu Unveils Nigeria–UAE CEPA at sustainability Summit
By Oluwakemi Kindness President Bola Tinubu has announced that Nigeria and the United Arab Emirates (UAE) have concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Speaking at 2026 Abu Dhabi Sustainability Week, the President described the agreement as a milestone that will usher in a new era of bilateral relations, particularly in renewable energy, […]
Customs Tightens Control on Courier Imports Under DDP
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has commenced the implementation of a new Standard Operating Procedure (SOP) for courier companies operating under the Delivered Duty Paid (DDP) regime. The new Standard Operating Procedure (SOP) aims at tightening controls on courier imports and preventing revenue leakages. Announcing the development on Monday in a statement, […]
NAICOM: NIRA 2025 Establishes Policyholders’ Protection Fund to Safeguard Consumers
By Oluwakemi Kindness The National Insurance Commission (NAICOM) says the Nigerian Insurance Industry Reform Act (NIRA) 2025 provides for the establishment of an Insurance Policyholders’ Protection Fund to protect policyholders when insurance companies are unable to meet their liabilities. The Head of Market Conduct and Complaints Bureau at NAICOM, Olugbenga Jayesimi, disclosed this while speaking […]
NDIC Declares ₦24.3bn Second Liquidation Dividend for Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared a ₦24.3 billion second liquidation dividend for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the statutory insured limit of ₦5 million at the time the bank was closed. In a statement issued on Sunday, the Corporation said the second tranche […]
NLC Condemns New Tax Laws, Demands Urgent Review of Minimum Wage
By Chinedu Echianu The Nigeria Labour Congress (NLC) has raised strong concerns over recent tax reforms, warning that provisions taxing the national minimum wage and placing heavier burdens on low-income earners are unfair and regressive. It also called on the Federal Government to urgently address workers’ wages ahead of the next statutory minimum wage negotiations. […]
SEC to Scale Up Market Enforcement in 2026
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has announced plans to significantly scale up enforcement actions in 2026 following the enactment of the Investments and Securities Act (ISA) 2025. It said this move aims at strengthening investor confidence and safeguarding market integrity. The Director-General of the SEC, Dr. Emomotimi Agama, disclosed this while […]