PenCom releases N22bn for retirees
January 22, 2025
As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs while addressing the psychological and emotional well-being of their parents and caregivers. The first session[Read More…]
The Nigerian National Petroleum Company Limited (NNPCL) has invited former president Olusegun Obasanjo to visit the rehabilitated Port Harcourt and Warri refineries and witness firsthand the progress made in bringing the ailing national assets back to life. The NNPCL stated that the rehabilitation done at the 60,000 bpd Port[Read More…]
… Distributes school essentials to 1,000 students across 10 public schools in 5 states Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over[Read More…]
The Warri Refining & Petrochemicals Company (WRPC), has begun production at a capacity of 125,000 barrels per day. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, made this known on Monday during a visit to the facility. Addressing a team[Read More…]
…cements capital raise with full regulatory approval Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that[Read More…]
• Strengthens Banking Subsidiary’s Capital Position Beyond Regulatory Requirements Access Holdings Plc, has announced the successful conclusion of its Rights Issue, securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The Rights Issue involved the issuance of 17,772,612,811 Ordinary[Read More…]
President Bola Tinubu has reaffirmed his administration’s commitment to implementing tax reforms in Nigeria, stating that the reforms are irreversible. This declaration underscores the government’s determination to push through with the proposed changes, despite opposition from various quarters. President Tinubu in his maiden media chat held Monday in Lagos[Read More…]
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria needs to invest 20 billion dollars to achieve the economic targets by 2027. Edun stated this during the citizens’ and stakeholders’ engagement on the implementation of presidential priorities and ministerial deliverables for the fourth[Read More…]
The Lagos State House of Assembly has dismissed as flawed the allegation made by an anti-corruption coalition that it awarded a N17 billion contract for the construction of the Assembly’s gate. The Chairman, House Committee on Information, Security and Strategy, Mr Stephen Ogundipe denied the allegation in a statement in Lagos on Thursday. An[Read More…]
The National Bureau of Statistics (NBS) reported Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for November, which was released in[Read More…]