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PenCom recovers N4.57bn from defaulting employers in one year

The National Pension Commission has recovered N4.57 billion from defaulting employers between Q1 2024 and Q1 2025, underscoring its resolve to safeguard workers’ retirement savings under Nigeria’s Contributory Pension Scheme. The Chief Executive Officer of the Pension Fund Operators Association of Nigeria, Mr. Oguche Agudah, disclosed this in an interview with NAN on Tuesday. He […]

Business

FG raises N136.16bn from latest DMO bond auction

The Federal Government of Nigeria has raised N136.16bn through its latest bond auction, successfully issuing five- and seven-year instruments at marginal rates of 17.945 per cent and 18 per cent respectively. According to details published on the Debt Management Office website on Tuesday, the auction was held on August 25, 2025, with settlement scheduled for […]

IATA, weather company collaborate on data
Aviation

IATA unveils roadmap to net-zero aviation by 2050

The International Air Transport Association will spearhead a global drive for greener aviation at its two-day World Sustainability Symposium in Hong Kong, scheduled for October 21–22, 2025, with a net-zero target set for 2050. The announcement, issued Tuesday by Marie Thomsen, IATA’s Senior Vice President for Sustainability and Chief Economist, positions the event between the […]

Business

Tinubu hails “remarkable growth” of Nigeria’s capital market

President Bola Tinubu on Tuesday lauded the “remarkable growth” of Nigeria’s capital market, attributing the surge in activity on the Nigerian Exchange to renewed investor confidence in his economic reforms. Speaking in Brazil during a state visit, Tinubu made the remarks while receiving the Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, along […]

Travel

No special visa for Nigerians, says Japan’s Kisarazu city

Kisarazu City in Japan, has dismissed suggestions that its designation as Nigeria’s “hometown” under the JICA Africa Hometown Certification is connected to immigration or visa arrangements for Nigerians. Mayor Yoshikuni Watanabe clarified in a statement on Tuesday that although the city received the recognition during the JICA Africa Hometown Summit at TICAD9, it carries no […]

Banking

CBN sets deadline for ISO 20022 adoption, geo-tagging compliance

The Central Bank of Nigeria has directed all players in the nation’s payment ecosystem to fully migrate to the ISO 20022 messaging standard and enforce geo-tagging of payment terminals by October 31, 2025. In a circular posted on its website on Tuesday, the bank reminded Deposit Money Banks, Microfinance Banks, Mobile Money Operators, Switches, Processing […]

News

Tinubu orders temporary ban on raw shea nut exports

President Bola Tinubu has ordered a temporary suspension of raw shea nut exports. The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed the directive on Tuesday. Kyari said the ban takes immediate effect, explaining that it is intended to encourage local processing and add value within Nigeria. He noted that the move reflects a […]

PenCom urges FG to raise Police Pension contribution to 20%
Business

PenCom considers new limits on alternative investments

The National Pension Commission says it is reviewing the share of funds that can be invested in infrastructure and private equity. The move is to boost returns on retirement savings, the commission’s spokesperson, Ibrahim Buwai, told Bloomberg on Tuesday. Buwai said PenCom is in the final stages of reviewing the limit on pension fund investments […]

Business

Nigerians face price hike over 4% import levy – MAN

The Manufacturers Association of Nigeria has cautioned that Nigerians could soon see higher prices for goods after the Federal Government reinstated a four per cent Free-on-Board charge on imports. In a statement signed by its Director General, Segun Ajayi-Kadir, MAN said the policy, effective August 4, 2025, is likely to worsen the operating environment for […]

10 Nigerian states with cheapest healthy diets
Agribusiness

Ripening fruits with harmful chemicals highly toxic, FCCPC warns Nigerians

The Federal Competition and Consumer Protection Commission has issued a stern warning to Nigerians against consuming fruits artificially ripened with harmful chemicals, especially calcium carbide. The alert came on Monday during a one-day sensitisation programme on food quality standards held in Ado-Ekiti. Executive Chairman of FCCPC, Mr. Olatunji Bello, represented by the Director of Quality […]

Probe Dangote refinery-NNPC transaction, Ezekwesili tells FG
News

Tinubu subsidy removal, fuel pricing executed wrongly – Ezekwesili

The former Minister of Education, Oby Ezekwesili, described the removal of the petrol subsidy as a crucial policy that was executed improperly. She made the remarks on Monday at the 2025 Nigerian Bar Association general conference in Enugu State. The former minister criticized the reform, saying it lacked proper preparation and describing President Bola Tinubu’s […]

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace to begin direct Lagos–São Paulo flights

Air Peace, Nigeria’s national carrier, is set to launch direct flights between Lagos and São Paulo, Brazil. This follows an agreement reached between President Bola Tinubu and Brazilian President Luiz Inácio Lula da Silva during the Nigerian leader’s state visit to Brazil. Lula announced the agreement at a joint news conference with Tinubu, according to […]

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