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PenCom: Small and Medium Enterprises now embracing Contributory Pension Scheme
The National Pension Commission (PenCom) has said Small and Medium Enterprises are increasingly embracing the Contributory Pension Scheme (CPS).
The Commission said in a recent report, that an analysis of Retirement Savings…
Recession: CBN moves to pursue expansion policies
In a bid to curb the rising inflation and address recession in the economy, the Central Bank of Nigeria (CBN) says it would pursue expansionary monetary policies since the fiscal policy already has some limitations.
The…
Strike: NNPC GMD hails NLC, TUC, assures of diligent implementation of agreement
Hours after the organized labour suspended the planned nationwide industrial action to protest against the increase in electricity tariff and price of petrol, the Group Managing Director of the Nigerian National Petroleum…
Our investment in tourism sector will drive post-COVID-19 economic recovery, says Obaseki
The Edo State Governor, Mr. Godwin Obaseki, has assured that his administration will invest in the tourism sector of the state to attract local and international investors to drive post-coronavirus (COVID-19) economic recovery.…
PenCom recovers N17.52bn from defaulting employers
The National Pension Commission said it has recovered N17.52bn from employers who deducted monthly pensions from their workers’ monthly salaries but refused to remit to their Retirement Savings Accounts.
PenCom disclosed…
13 states lack revenue capacity to fund recurrent expenditure… BudgIT report
Thirteen states in the country lacked the revenue capacity to fund their recurrent revenue in 2019, according to BudgIT's State of the States Report, 2020.
The 13 states, according the report which was released on Thursday,…
Entrepreneurship: Ikpeazu launches start up support program for young Abians
Abia State Governor, Dr Okezie Ikpeazu, has launched an entrepreneurship support program for young Abians with innovative ideas but who need minimal financial support to actualize their projects.
Speaking during the…
FG to establish gemstone market in Oyo
The Federal Government has assured that it would situate and formalize the establishment of gemstone market in Oyo state with the collaboration of the state government
The Minister of Mines and Steel, Mr Olalekan Adegbite,…
Sanwo-Olu wants Landlords in Lagos to consider collecting rents monthly
The Lagos State government has called on stakeholders in the real estate sector to work out modalities for residents to pay house rents on monthly basis instead of yearly.
Lagos State governor, Mr. Babajide Sanwo-Olu, made the…
Nigerian collecting illegal $36,000 per month from ship owners – Amaechi
Minister of Transportation, Rotimi Amaechi, has faulted the continuous patronage of illegal harbours, known as secure anchorage areas, by operators in the maritime sector.
He said an unnamed Nigerian was exploiting the…