Category: Business
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PenCom advises RSA holders to complete DRE process
The National Pension Commission has urged Retirement Savings Account (RSA) holders – active and retired, to complete their Data Recapture Exercise (DRE) a Nation report urges. It said the completion of the DRE is a prerequisite for processing any RSA transfer request by RSA holders who registered before 1st of July 2019. The Commission made…
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Hajia Aisha Dahir -Umar: Opening Of A New Vista In PenCom
By Alex Enemanna To say that Hajia Aisha Dahir-Umar has set the tone for barrage of many goals in the National Pension Commission (PenCom) and indeed the country’s pension industry since she came on board on acting capacity in the last three years will be to say the least. A woman of resilience, focus, candour,…
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WTO: ‘I feel the wind behind my back’ Okonjo-Iweala
Nigeria’s Ngozi Okonjo-Iweala voiced confidence Friday in her quest to lead the crisis-wracked World Trade Organization after all of Africa backed her candidacy, vowing she would champion reform. “I feel the wind behind my back,” she told a virtual press briefing after the 55-member African Union officially supported her over her sole remaining opponent, Yoo…
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FG targeting 650,000 tons gold processing capacity per annum — Minister
The Federal Government has said it’s aiming 650,000 tons per annum gold processing capacity as a measure to boost the country’s economy and generate employment. This is even as the federal government through the Minister of Mines and Steel Development, Architect Olamilekan Adegbite announced that the Segilola Gold Project, which it is under construction, is…
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Why Pay-As-You-Go billing system can’t work in Nigeria — MultiChoice
The Pay-As-You-Go (PAYG) billing model advocated by Nigerians is not technically and commercially feasible, the Chief Executive Officer of MultiChoice Nigeria, owners of DSTV John Ugbe has stated. The Nation reports that Ugbe, who spoke when he appeared before the House of Representatives Ad Hoc Committee investigating the non-implementation of PAYG subscription model by satellite…
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WTO: Okonjo-Iweala meets Buhari
President Muhammadu Buhari on Monday met behind closed door with the former Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala, at the Presidential Villa, Abuja. The News Agency of Nigeria reports that Okonjo-Iweala is running to become the Director-General of the World Trade Organization (WTO) and has already emerged as one…
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Endorse Okonjo-Iweala’s candidacy, FG urges WTO
The Federal Government on Thursday urged members of the World Trade Organisation to certify the candidacy of former Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, for the job of director-general. The Minister of State for Industry, Trade and Investment, Mariam Katagum, made this call in a statement on Thursday, according to the News Agency of…
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FG suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission, NERC, has finally issued an order suspending the September 1, 2020 hike in electricity tariff for two weeks This is in line with the agreement reached with the organised Labour on the suspension of strike over the hike in electricity tariff and increase in pump price of petrol Sunday night.…
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We’re committed to taking mining to days of economic mainstay — Adegbite vows
Minister of Mines and Steel Development, Arc Olamilekan Adegbite has reiterated his commitment to take the sector to days of glory when it was the country’s economic mainstay. The Minister further stated that Nigeria cannot afford to repeat the mistakes of oil and gas in mining by exporting raw ore and other precious mineral resources.…
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PTAD pays N96bn to pensioners in one year
The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N96 billion to pensioners under the old Defined Benefit Pension Schemes, between July 2019 to August 2020. Also, 244,643 pensioners received N77 billion as monthly pensions as of July 2020, with 87,842 pensioners paid arrears and gratuities of over N19billion. The Executive Secretary of…