The Federation Account Allocation Committee (FAAC), has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and the Local Government Councils (LGCs). The revenue was shared at the June meeting of FAAC in Abuja on Wednesday. This is according to a communiqué issued at the[Read More…]
The Chartered Institute of Procurement and Supply (CIPS) has presented the Procurement Excellence Standard Certificate to Seplat Energy Plc, the foremost Nigerian independent energy company. The Global Chief Executive Officer, CIPS, Ben Farrell, made the presentation to Seplat Energy at the company’s office in Ikoyi –[Read More…]
… Hails Dangote’s “Phenomenal” Investment in Nigeria …Dangote commends Tinubu’s economic reforms President Bola Ahmed Tinubu has praised Aliko Dangote, Founder of the Dangote Group, for his unwavering belief in Nigeria and for making bold investments that have become a cornerstone in the country’s economic[Read More…]
Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and Youth Entrepreneurship Development Centre (WYEDC) Cohort 2 Programme, which has graduated 125 entrepreneurs who[Read More…]
The United Nations Economic Commission for Africa (ECA) says Africa is losing an estimated 40 billion dollars annually to illicit financial flows (IFFs) in the extractive sector. Mr Antonio Pedro, ECA’s Deputy Executive Secretary, in a statement said the trend undermines development and deepens economic inequality on the[Read More…]
President Bola Tinubu has written to both chambers of the National Assembly, requesting legislative approval for a new external borrowing plan of 21.5 billion dollars, alongside a domestic bond issuance of ₦757.9 billion for outstanding pension liabilities. Senate President, Godswill Akpabio and the Speaker of the House[Read More…]
President Bola Tinubu has vowed to ensure that every asset stolen from the country is recovered. The president made the assertion on Tuesday in Abuja while declaring open a Summit on Asset Recovery. The president was represented by the Permanent Secretary, Political and Economic Affairs in the Office of the[Read More…]
In furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs). According a statement, the directive prohibits transacting[Read More…]
The National Pension Commission (PenCom) has stated that newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists. This was disclosed by the Director General of PenCom, Ms. Omolola Oloworaran, who led a delegation to the Nigerian Press Council in Abuja. Ms. Oloworaran expressed concerns over[Read More…]
FirstBank, the West African premier bank and financial inclusion service provider, is proud to announce a strategic collaboration with EStars Education Africa Limited (EStars), a global leader in educational esports. Empowering the Next Generation of Esports Professionals The partnership provides a platform for[Read More…]
