2 mn read The micro pension scheme in Nigeria, designed to provide pension savings for low-income and informal sector workers, is facing challenges as economic hardships seem to be impacting contributions from participants. Here are the key points from the recent report by the National Pension Commission (PenCom): 1. **Decline in Contributions**: In the first quarter of 2024, […]
2 mn read The adoption of Risk Based Supervision (RBS) in the insurance sector is seen as crucial for enhancing the stability, governance, and financial resilience of insurance companies. Mrs. Olufunke Adenusi, Managing Director of Colximate Insurance Brokers Limited, highlighted these points during the 2024 Insurance Industry Parley organized by the Chartered Insurance Institute of Nigeria (CIIN) in […]
< 1 mn read In May 2024, Nigeria’s average daily crude oil production decreased to 1.25 million barrels per day (bpd) according to data reported directly to OPEC. This figure represents a decline of 2.34% from April’s production level of 1.28 million bpd. Despite this reduction, Nigeria maintained its position as Africa’s largest oil producer, ahead of Libya which […]
2 mn read The Federal Road Safety Corps (FRSC) has called for an investigation into a fatal crash and emphasized the need for swift prosecution of the responsible driver. The accident, which occurred at approximately 7:00 PM, involved seven vehicles, including a black Toyota Matrix (ENU742NL), a white Suzuki Hijet mini-bus (ENU982XY), a Custom Toyota Highlander jeep (JRV247HK), […]
< 1 mn read The European Union’s top court, the European Court of Justice (ECJ), has imposed substantial penalties on Hungary for its failure to comply with EU asylum laws and its illegal deportation practices. The ECJ fined Hungary 200 million euros ($216 million) as a lump sum for its persistent non-compliance with EU regulations regarding asylum seekers. In […]
< 1 mn read The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a public advisory regarding the increasing cases of cholera across Nigeria, particularly alarming during the rainy season. As of June 11, 2024, there have been 1,141 suspected cases, 65 confirmed cases, and 30 deaths reported in 96 Local Government Areas (LGAs) across 30 states. […]
< 1 mn read The Speaker of the House of Representatives, Hon. Tajudeen Abbas, and the Chairman of the Committee on Police Affairs, Hon. Abubakar Yalleman, have received commendation from the National Democratic Front (NDF) for their roles in advancing the Police Act Amendment Bill in the House. This bill recently passed its second reading, marking a significant step […]
< 1 mn read The Niger Government has taken proactive steps to address the crisis between Dukku and Fulani communities in Rijau Local Government Area by inaugurating a 13-member committee. Alhaji Abubakar Usman, the Secretary to the Niger Government (SSG), inaugurated the committee in Minna, emphasizing that its members are individuals of proven integrity and honesty. He urged them […]
< 1 mn read The Kano State Public Complaints and Anti-Corruption Commission has taken decisive action in response to an alleged employment scam involving the sale of forms within the Office of the Head of Service. According to Muhuyi Rimin-Gado, the commission’s Chairman, two suspects have been arrested, and three Permanent Secretaries have been summoned for questioning as part […]
< 1 mn read Salihu Lukman, the immediate-past National Vice Chairman, North West, of the ruling All Progressives Congress (APC), recently made headlines with his departure from the party and scathing criticism of its current leadership under President Bola Tinubu. In a statement issued on Wednesday, Lukman voiced his concerns about the deteriorating state of affairs in Nigeria since […]
