Low-Income Earners Can Withdraw Total Retirement Savings — PENCOM

The National Pension Commission has announced that low-earning pensioners are now allowed to either withdraw their total retirement savings as a lump sum or continue receiving their monthly pension while awaiting approval of the Minimum Pension Guarantee. This decision is in accordance

by News Editor

December 3, 2024

News

House of Reps Pressures Tinubu to Mandate Wale Edun to Unfreeze NSIPA’s Accounts

The House of Representatives has called on President Bola Tinubu to mandate the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun to ensure that all frozen accounts of the National Social Investment Programmes Agency (NSIPA) are unfrozen within

by News Editor

December 3, 2024

News

Lagos Electricity Bill 2024 Signed into Law by Governor Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State officially signed the Lagos Electricity Bill 2024 into law today at the Conference Room of the Lagos House in Alausa, Ikeja. The Lagos State Electricity Law 2024 represents a comprehensive effort by Governor Sanwo-Olu to tackle

by News Editor

December 3, 2024

Economy

Greenwich Merchant Bank Appoints Benson Ogundeji as Managing Director/CEO

The Board of Directors of Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer following the Central Bank of Nigeria (CBN)’s approval. Reacting, The Chairman of the Board, Mr. Kayode Falowo, said:

by News Editor

December 3, 2024

Economy

Unilever Nigeria Plc Announced the Resignation, Appointment of Managing Director

Unilever Nigeria Plc has announced major changes to its leadership team following resolutions passed at its Board of Directors meeting on November 29, 2024. The board considered and approved Mr. Tim Kleinebenne’s resignation as the Managing Director effective December 31, 2024. On

by News Editor

December 3, 2024

Economy·News

2025 Economic Outlook: Cardoso Confirms MPR as CBN’s Key Tool for Inflation Control

The Central Bank of Nigeria (CBN) has announced that it will maintain the Monetary Policy Rate as a key strategy for managing inflation, which is one of its main priorities for 2025. During the 59th annual bankers’ dinner organized by the Chartered

by News Editor

December 3, 2024

Economy

Economic Reforms: Cardoso Appeals to Nigerians Not to ‘Japa’

Governor Olayemi Cardoso of the Central Bank of Nigeria has urged Nigerian youths not to leave the country. He assured them that the ongoing reforms and policies are designed for the benefit of everyone and are aimed at fostering economic development. Cardoso

by News Editor

December 3, 2024

News

Don’t Rush Tax Reforms: Peter Obi Calls for Open Public Debate

The Labour Party’s presidential candidate for the 2023 general election, Mr. Peter Obi, has advised the Bola Tinubu administration to engage citizens in a national debate before finalizing the tax reform bills into law. The politician shared this statement on his official

by News Editor

December 3, 2024

Economy·News

Tax Reform Bills: A Solution to Elite Financial Recklessness, Says Bishop Kukah

Bishop Matthew Kukah, founder of the Kukah Centre, stated that the controversial tax reform bills proposed by Bola Tinubu’s administration aim to curb financial recklessness among the elite. He shared his views as a guest on Channels Television’s Morning Brief on Tuesday,

by News Editor

December 3, 2024

Economy

FCCPC Probes GT Bank, MTN, and Air Peace Amid Allegations of Violations

The Federal Competition and Consumer Protection Commission (FCCPC) has initiated a significant inquiry into numerous consumer complaints against major players in the banking, telecommunications, and aviation sectors. This investigation, set to commence on December 3rd, 4th, and 5th, aims to tackle issues

by News Editor

December 3, 2024

News

BREAKING: STATE HOUSE PRESS STATEMENT

NO PART OF TAX REFORM BILLS RECOMMENDS SCRAPPING TETFUND, NASENI, AND NITDA...NO PROVISION WILL IMPOVERISH THE NORTH

by News Editor

December 2, 2024

Economy

BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy

The Federal Government of Nigeria has introduced a mandatory N50 Electronic Money Transfer Levy (EMTL) on fintech platforms, including Opay and Moniepoint for transactions of ₦10,000 and above. This new levy, implemented under the Finance Act 2020, had previously only applied to

by News Editor

December 2, 2024

Economy·News·Politics

Nigeria and France Sign MoU to Develop Mineral Value Chain

Nigeria and France have strengthened their economic cooperation by signing a Memorandum of Understanding (MoU) focused on developing the mineral value chain. This agreement, reached during President Bola Tinubu’s recent visit to France, is in line with the Tinubu’s Renewed Hope Agenda

by News Editor

December 2, 2024

Economy

Another Multinational Company Plans Exit from Nigeria

Swiss cement giant Holcim has announced plans to exit the Nigerian market, citing challenging economic conditions under the administration of President Bola Tinubu. The decision was reported by The People’s Gazette.Holcim’s planned withdrawal comes amid persistent economic issues, including high inflation, currency

by News Editor

December 1, 2024

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