Nigerian retirees under the Contributory Pension Scheme invest over N798 billion in life annuity as part of their retirement strategy By the second quarter of 2024, Nigerian retirees invest in life annuity totaling N798.58 billion under the Contributory Pension Scheme (CPS). This growing investment, involving 129,435 retirees, marks a 20% increase compared to N665.13 billion…
The Nigerian government is set to widen its tax base through new reforms aimed at increasing national revenue The Nigerian government expands tax base with its latest initiative to generate more revenue despite the ongoing economic challenges. This move, which is part of the Economic Stabilisation Bills, was approved by the Federal Executive Council and…
The Economic and Financial Crimes Commission (EFCC) has leveled fresh charges against former Kogi State Governor, Yahaya Bello, accusing him of involvement in a ₦110.4 billion fraud. On Wednesday, the EFCC submitted the new charges to a Federal High Court in Abuja. The case alleges a criminal breach of trust amounting to ₦110,446,470,089, in violation…
The Central Bank of Nigeria (CBN) has commenced the sale of $20,000 to eligible Bureau De Change (BDC) operators across the country at an exchange rate of ₦1,590 per dollar. In a circular issued on September 25, 2024, the CBN emphasized that this move is aimed at injecting “additional liquidity” into the foreign exchange market…
The Academic Staff Union of Universities (ASUU) has issued a fresh 14-day ultimatum for the government to meet its demands or face industrial action The Academic Staff Union of Universities (ASUU) has issued a fresh strike notice, giving the Nigerian government a 14-day ultimatum to meet its long-standing demands. The ASUU strike notice follows the…
The Nigerian government confirms it will not intervene in the ongoing pricing dispute between NNPC and Dangote Refinery, emphasizing market deregulation The Nigerian government has made it clear that it will not intervene in the ongoing dispute between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over petrol pricing. According to the Presidency,…
Chief Eze Chukwuemeka Eze calls on the Nigerian Bar Association to address Tony Okocha’s involvement in the Rivers APC crisis. The Rivers State chapter of the All Progressives Congress (APC) has found itself at the center of another political controversy, with Chief Eze Chukwuemeka Eze, a former National Publicity Secretary of the defunct New Peoples…
The Federal Government has ordered an investigation into reports of corruption within the Nigerian Correctional Service, following allegations involving Idris Okuneye, aka Bobrisky The Federal Government has launched a comprehensive investigation into allegations of bribery and corruption within the Nigerian Correctional Service (NCoS), following claims that popular crossdresser Idris Okuneye, widely known as Bobrisky, did…
The Federal Government has raised the monthly allowance for corps members from N33,000 to N77,000, following the National Minimum Wage Amendment Act The FG increases corps members’ allowance to N77,000 per month, a significant boost from the previous N33,000, as announced by the Federal Government. This raise, which took effect in July 2024, is a…
Police reveal how fraudsters deceived teenagers with false promises of Bitcoin and Forex training in Delta State The Delta fraud syndicate lures teenagers with false promises of training in Bitcoin and Forex trading, according to a statement by the Delta State Police Command. Public Relations Officer Bright Edafe shared details of the operation that led…
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