Nigeria Launches Fund to Protect Insurance Customers
By Oluwakemi Kindness Millions of Nigerian insurance policyholders are set to benefit from a new protection fund designed to ensure they are not left stranded if insurers fail. The development on friday followed the inauguration of the Insurance Policyholders Protection Fund (IPPF) Committee. The IPPF is a statutory initiative under Nigeria’s insurance reform framework aimed […]
FG Nears Fresh $1.25bn World Bank Loan Deal
By Sofiat Adenekan-Abdul The Federal Government is moving closer to securing a fresh $1.25 billion loan from the World Bank as efforts intensify to support ongoing economic reforms, stimulate job creation, and improve Nigeria’s business competitiveness. The proposed facility, titled Nigeria Actions for Investment and Jobs Acceleration, has advanced to a critical stage in […]
CBN Warns States Against Excessive Borrowing
By Oluwkemi Kindness The Central Bank of Nigeria has warned that reckless borrowing, unplanned spending, and poor fiscal coordination by State Governments could undermine Nigeria’s planned transition to an Inflation Targeting monetary policy framework. Speaking during an engagement with sub-national stakeholders organised through the Nigeria Governors’ Forum Secretariat, the Deputy Governor in charge of Economic […]
FG Approves Review of Civil Servants Allowances
By AL-KADRIYAR Abdullahi The Federal Government of Nigeria has approved a comprehensive review of key allowances for civil servants as part of efforts to address rising living costs and improve public service delivery. In a statement made available by the National Orientation Agency NOA, says the review, announced through the National Salaries, Incomes and Wages […]
Nigeria Launches First National Industrial Relations Policy
By Chinedu Echianu The Federal Government on Wednesday formally launched Nigeria’s first National Industrial Relations Policy (NIRP), describing it as a major step toward strengthening industrial harmony, promoting decent work and supporting inclusive economic growth. The policy was unveiled at the United Nations Building in Abuja during a ceremony attended by government officials, labour leaders, […]
Wike Woos EU Investment in Abuja’s Real Estate, Agriculture
By Sofiat Adenekan-Abdul The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has urged European Union (EU) member countries to increase investment in Abuja’s fast-growing agriculture and real estate sectors, highlighting sweeping reforms that he says are reshaping the capital into a more investor-friendly destination. Wike made the appeal on Tuesday in Abuja during […]
KDI to Unveil Groundbreaking State of Democracy Report in Nigeria
By Julian Osamoto Kimpact Development Initiative (KDI) is set to launch its State of Democracy Performance in Nigeria Report on Tuesday, May 5, 2026, marking a significant milestone in efforts to evaluate democratic governance across the country. The report will be unveiled during a high-level stakeholder policy dialogue scheduled to hold at the Abuja Continental […]
Gov Yusuf Orders Probe into Alleged N1.5bn Salary Deductions
By Zainab Bakare Kano State Governor, Abba Yusuf, has ordered a full investigation into the alleged deduction of N1.5 billion from workers’ salaries in the state. The directive was issued on Friday during the International Workers’ Day held at Sani Abacha Stadium in Kano. The governor said the probe would focus on allegations involving a […]
Senate Grills NNPCL Chiefs Over Unaccounted N210trn
By Anayo Akwitti Nigeria’s Senate Committee on Public Accounts has intensified its probe into the Nigerian National Petroleum Company Limited (NNPCL), summoning top officials over an alleged unaccounted N210 trillion flagged in audit reports spanning 2017 to 2023. At a tense session on Wednesday, the committee—chaired by Aliyu Wadada Ahmed—warned that it would issue a […]
FG Raises Alarm Over Low Turnout in Pension Verification Exercise
By Oluwakemi Kindness The Federal Government has raised concern over the low turnout in the ongoing verification and enrolment exercise for civil servants with accrued pension rights, as the deadline draws closer. The exercise, conducted by the National Pension Commission, targets treasury-funded workers in Ministries, Departments and Agencies (MDAs) employed before June 30, 2004. Despite […]