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PenCom Begins Disbursing N758bn Pension Bond to Retirees

PenCom Begins Disbursing N758bn Pension Bond to Retirees   The National Pension Commission (PenCom) has commenced the disbursement of the N758 billion pension bond approved by the Federal Government to settle outstanding liabilities owed to retirees, marking a major step in addressing long-standing pension arrears. Speaking at...

World Bank to Approve $500m Loan for Nigeria Today

World Bank to Approve $500m Loan for Nigeria Today   The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country. The proposed facility, titled...

149 Firms Still Enjoy Tax Holidays Under New Law – FG

149 Firms Still Enjoy Tax Holidays Under New Law - FG   A total of 149 companies currently enjoying pioneer status incentives will retain their tax holidays for at least two more years, despite Nigeria’s transition to a new tax regime scheduled to take effect from...

Debt Service, Salaries Gulp 105% of FG Revenue

Debt Service, Salaries Gulp 105% of FG Revenue   Debt service and personnel costs have swallowed more than the Federal Government’s total revenue for the first seven months of 2025, even as receipts fell sharply below target and capital projects suffered deep cuts. An analysis of the 2026–2028 Medium-Term...

Reps Move to Regulate CBN Operations

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...

5kg Cooking Gas Price Surges to N8,081 in October – NBS

5kg Cooking Gas Price Surges to N8,081 in October - NBS   The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N6,395.82 recorded in September to N8,081.75 in October. The NBS stated this in its “Cooking Gas Price Watch’’...