PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
By Oluwakemi Kindness The National Pension Commission (PenCom) has approved a major upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), raising their total monthly pension payments from ₦12.56 million to ₦159.95 million. The approval represents an unprecedented 1,173 per cent increase in total monthly pension payouts and […]
NSITF Advocates Shift from Compliance to Safety Culture in Nigerian Workplaces
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) is calling for a nationwide attitudinal change from routine compliance with safety rules to the entrenchment of a sustainable safety culture across industries in Nigeria. Managing Director of NSITF, Barrister Oluwaseun Faleye, made the call on Tuesday in Abuja at the NSITF–Nigeria Employers’ Consultative […]
FG Moves to Resolve Oil Well Disputes with Nationwide Mapping
By Oluwakemi Kindness The Federal Government has commenced the plotting of coordinates for disputed and newly drilled oil and gas wells across Nigeria’s oil-producing states, a move aimed at resolving ownership disputes and ensuring accurate revenue allocation. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, disclosed this while […]
NDLEA Launches Crop Substitution Project for Illicit Cannabis Growers
By Oluwakemi Kindness The Chairman of the National Drug Enforcement Agency (NDLEA), Brig. Gen. Mohamed Buba Marwa (rtd), says Nigeria’s new Alternative Development Project is designed to end the long-standing conflict between law enforcement and illicit drug cultivators by providing sustainable livelihoods and food security for affected communities. Marwa made this known on Tuesday, at […]
Court Orders FCT Workers to Suspend Strike
By Sofiat Adenekan-Abdul The National Industrial Court of Nigeria (NICN), sitting in Abuja, has ordered workers of the Federal Capital Territory (FCT) to suspend their ongoing strike. The court granted an interlocutory injunction filed by the Minister of the Federal Capital Territory, Nyesom Wike, alongside the FCT Administration, against the Joint Union Action Committee. The […]
Enugu Airport Concession to Drive Southeast Growth, Boost Investor Confidence – ICRC
By Oluwakemi Kindness The Infrastructure Concession Regulatory Commission (ICRC) says the concession of Akanu Ibiam International Airport is set to drive Southeast economic growth and boost investor confidence. Director-General of the ICRC, Dr. Jobson Ewalefoh, who stated this said the project aligns with President Bola Tinubu’s Renewed Hope Agenda. Dr. Ewalefoh in a statement he […]
Minority Caucus Warns House Against Ignoring Interim Report on Tax Law
By Oluwakemi Kindness The Chairman of the Minority Caucus Ad-hoc Committee on Tax Laws, Afam Victor Ogene, has warned that dismissing the caucus’ interim report on alleged alterations to the Tax Reform Acts could encourage impunity and undermine the independence of the National Assembly. Ogene’s comments came after the House Deputy Spokesperson, Philip Agbese, reportedly […]
NLC Backs FCTA Workers, Orders Strike Escalation
By Chinedu Echianu The Nigeria Labour Congress (NLC) has declared strong solidarity with workers of the Federal Capital Territory Administration (FCTA) over their ongoing total and indefinite strike. The umbrella union of workers in Nigeria describes the action as justified and necessary in the face of what it called persistent violations of workers’ rights. In […]
Afreximbank Cuts Ties With Fitch Ratings
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has officially ended its credit rating relationship with Fitch Ratings. In a statement shared on its official X handle on Friday, the Bank says the decision followed a comprehensive review. It also notes that the current credit rating assessment no longer reflects a proper understanding of Afreximbank’s […]
Reps Summon Discos Over Power Failure, Alleged Misuse of Funds
By Oluwakemi Kindness The House of Representatives has summoned electricity distribution companies over persistent power outages, alleged misuse of intervention funds, and poor accountability in Nigeria’s power sector. Thirteen years after the privatisation of electricity distribution, the House Ad hoc Committee investigating power sector reforms and expenditure from 2007 to 2024 expressed anger over the […]