The National Pension Commission (PenCom) has strengthened its collaboration with the judiciary to advance pension reforms and improve retirement benefits administration across Nigeria. At a sensitisation workshop on the Contributory Pension Scheme (CPS) for judges of the National Industrial Court of Nigeria (NICN) in Abuja, PenCom Director-General Omolola Oloworaran, represented by Mr. Bello Malabu, said …
Chairman of MTN Nigeria, Dr. Ernest Ndukwe, has said the success of the company from its early years to its dominance as Nigeria’s leading telecom operator stems from strong corporate governance and merit-based recruitment. Speaking at the 31st Nigerian Economic Summit in Abuja, during a panel session themed “Titans on the Move: Africa’s Multinationals,” Ndukwe …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) has intercepted smuggled goods worth over ₦1.2 billion in six weeks. Comptroller Mohammed Shu’aibu, head of the unit, announced this during a media briefing in Lagos on Tuesday. He said the operation covered key border communities in Ogun, Oyo, Ondo, and Lagos …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has announced that about 98 per cent of Nigerian workers will be exempted from Pay-As-You-Earn (PAYE) deductions when the new tax law becomes effective in January 2026. Oyedele made this known during a session at the 31st Nigerian Economic Summit (NES31) in …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
The Central Bank of Nigeria (CBN) has unveiled fresh regulatory guidelines for Point-of-Sale (POS) operators and banking agents nationwide, directing them to maintain dedicated accounts or wallets solely for agent banking transactions. The new directive, contained in the Guidelines for the Operations of Agent Banking in Nigeria (October 2025), seeks to strengthen financial oversight, improve …
As the people groan over the unprecedented hike in the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Dangote Petroleum Refinery has cut its ex-depot price from ₦860 to ₦760 per kilogram. This reflects a ₦50 reduction or 6.17 per cent drop from the previous price. The price is considered the …
The Debt Management Office (DMO) has opened for subscription, the October Federal Government of Nigeria (FGN) Savings Bond at a lower interest rate compared to the rate it offered in the previous month. DMO announced this in a circular on Monday, October 6. The offer opened today and will be closed on Friday, October 10 …
