PenCom: 25% Lump Sum Payment Restored To Retirees The National Pension Commission has suspended the payment of 20 per cent lump sum to retirees under the Contributory Pension Scheme and directed all Pension Fund Administrators to revert to the old template of 25 per cent. The...

Airline Operators Threaten To Stop VAT Payment June 14   There is an imminent face-off between the Federal Government and airline operators over payment of Value Added Tax (VAT). The operators under the umbrella of Airline Operators of Nigeria (AON) yesterday rose from their meeting where...

Reps Begin Probe Of Subsidy Payment   The joint House of Representatives committee on finance and petroleum (downstream) have resolved to go fully and investigate alleged payments of subsidy by relevant government authorities. The joint committee chaired by Babangida Ibrahim (APC, Katsina) and Joseph Akinlaja (PDP, Ondo)...

Let Alternative Payments Channels Work By Ayomide Michael Globally, the number of what people know as alternative payments options has grown exponentially in the last few years due to the ever growing need for payments solutions. In the wake of the 2008/09 global financial crisis and...