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PenOp decries delay in accrued rights payment

The Pension Fund Operators Association of Nigeria has raised concerns over the Federal Government’s delay in paying accrued pension rights, which have been outstanding for 18 months. The Chief Executive Officer of PenOp, Oguche Agudah, disclosed this during an interview on The Morning Show on Arise News TV on Monday. Agudah explained that accrued rights...
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Customer deposits in eight banks hit N85tn in Q3

Customer deposits in eight Deposit Money Banks reached N85.58tn in the third quarter of 2024, a 12.2 per cent increase from the N76.26tn recorded in the same period in 2023. This was disclosed in the Unaudited Interim Financial Statements for the period ended September 30 of the banks filed with the Nigerian Exchange Limited recently....
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2025 budget lesser in value, economists say

Economic analysts have indicated that while the nominal value of the 2025 budget has significantly increased, it has decreased by 18.25 per cent in dollar terms compared to the 2022 estimate. They stated this following the approval of the Medium-Term Expenditure Framework for 2025-2027 by the Federal Executive Council, which indicated a proposed budget of...
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Tinubu sacks PTAD boss

President Bola Tinubu has relieved Dr Chioma Ejikeme of her duties, 13 months after she was reappointed for another four years in office as the Executive Secretary of the Pension Transitional Arrangement Directorate. In a statement issued on Monday by the Head of the Corporate Communications Unit of PTAD, Olugbenga Ajayi, the President announced that...
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How Police Shot Park Chairman In Custody – Osun Govt

…Says Alowonle is currently on life support …Seeks Arrest, Prosecution Of Head Of Anti-Kidnapping Squad The Osun State Government has accused the State Police Command of attempting to murder the Chairman of Osun Transport Management System (OSTMS), Iyanda Alowonle. This was as the state government called for the arrest and prosecution of the head of...
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Nigerians Cautioned Against Japa Syndrome

Commonwealth Scholars and Fellows Alumni Association of Nigeria (COSFAN) has decried the craze of some Nigerians looking for greener pastures abroad (Japa syndrome). The Chairman, COSFAN Board of Trustees, Prof. Olugbemiro Jegede, who condemned this trend on Tuesday in Ilorin, the Kwara State capital, added that Japa syndrome is not the best for Nigerians. The...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...