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NEW BOARD TAKES OVER NICON INSURANCE

The new Board of the National Insurance Corporation of Nigeria (NICON) Insurance formally took over the reins of power with its maiden Board Meeting at the Corporation’s head office in Abuja amidst tight security. Addressing a handful of NICON’s management staff, led by the Deputy General Manager (DGM), Corporate Advocacy, …

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BPE GENERATES N1TRILLION FROM DIFFERENT SECTORS OF THE ECONOMY

  The Bureau of Public Enterprise, BPE announced that it has generated N1trillion from different sectors of the economy so far, while targeting N439billion in 2021. The Director General of BPE, Dr. Alex Okoh made this known during his presentation at a breakfast meeting with journalists in Abuja. Dr Okoh …

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FG APPROVES PAYMENT OF OUTSTANDING PENSION LIABILITIES UNDER THE CONTRIBUTORY PENSION SCHEME

The National Pension Commission (PenCom) informs all its stakeholders, particularly retirees of Treasury-funded Federal Ministries, Departments, and Agencies (MDAs), that His Excellency, President Muhammadu Buhari, GCFR, has approved PenCom’s submission on the payment of some critical aspects of the outstanding pension liabilities of the Federal Government under the Contributory Pension …

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NDIC BEGINS PAYMENT OF LIQUIDATION DIVIDENDS TO DEPOSITORS, STAKEHOLDERS IN 14 CLOSED BANKS

Nigeria Deposit Insurance Corporation ( NDIC) has announced plans to commence Payment of liquidation dividends to uninsured Depositors, Creditors, and Shareholders of additional fourteen Banks in liquidation in the country. NDIC in a statement released to newsmen by its Director of Communication and Public Affairs Department- Mr.Bashir Nuhu noted that …

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FG EXPLAINS WHY FLIGHTS TO UAE YET TO RESUME

The Federal Government has explained why it has not resumed flight to the United Arab Emirates (UAE). Aviation Minister senator Hadi Sirika gave the explanation during the briefing by the Presidential Steering Committee on COVID-19 yesterday. He said Nigerian flights had not resumed to UAE because of the discriminatory protocol …

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NAPAAS PROMISES MORE EMPOWEREMENT INTERVENTION

National Personal Assets Acquisition Scheme (NAPAAS) has promised to expand its empowerment intervention programs to its targeted audiences. This was made known by the Managing Director of the scheme, Aminu Bello Mohammed (Walin) At the event of 2021 NAPAAS Week in Abuja. He noted that NAPAAS Week is their yearly …

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Nigeria’s Free Trade Zone Will Bring Foreign Direct Investment

Director-General of the Bureau of Public Enterprises (BPE), Dr. Alex. Okoh says if Nigeria’s Free Trade Zones (FTZs) are well harnessed, they could bring in Foreign Direct Investment (FDI) and manufacturing inflows like China. Speaking at the sidelines recently after a meeting with the Kano State Governor, Dr. Abdullahi Umar …

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PTAD RECIEVES OVER 26 MILLION POUNDS STERLING REPATRIATED PENSION FUNDS FROM CIAM

The Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26,505,862.97  (Twenty Six Million, Five Hundred and Five thousand, Eight hundred and Sixty-two Pounds, Ninety-Seven Pence) repatriated from the United Kingdom. In a statement made available to journalists in Abuja by the Press secretary, Mr. Gbenga Ajayi stated that …

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AFREXIMBANK SUPPORTS AFRICAN ORGANISATION FOR STANDARDISATION TO HARMONISE STANDARDS IN AUTOMOTIVE SECTOR IN AFRICA TO FACILITATE ACCELERATED DEVELOPMENT

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmonised standards are to be adopted by individual African countries, facilitating cross-border trade, under the …

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NAFDAC PARTNERS WITH GLOBAL ALLIANCE FOR TRADE FACILITATION TO ENHANCE EASE OF DOING BUSINESS IN NIGERIA

  National Agency for Food and Drug Administration and Control (NAFDAC) has partnered with Global Alliance for Trade Facilitation to enhance ease of doing Business in the country. A statement by NAFDAC Resident Media Consultant, Mr Sayo Akintola, revealed that NAFDAC Director General, Prof. Mojisola Adeyeye disclosed this at a …

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