Lagos State has approved over 1 billion naira in retirement bonds for 465 public servants who completed their service across various government agencies and education boards. The ceremony took place at NECA House in Alausa, where officials encouraged former workers to use post-retirement programs and invest their benefits wisely. Governor Babajide Sanwo-Olu received praise for…
Stanbic IBTC Pension Managers supports regulatory changes that expand retirement savings access for Nigerians worldwide. Chief Executive Olumide Oyetan told reporters at company offices in Lagos that the National Pension Commission created two programs allowing workers to contribute based on income patterns. The Personal Pension Plan lets informal sector employees and salaried staff make voluntary…
International Energy Insurance convened stakeholders to present its 22.5 billion naira capital expansion plan before an extraordinary general meeting next month. Acting Managing Director Joyce Odiachi said the insurer has resolved legacy financial problems after repaying a 14 billion naira Daewoo loan and relisting on the Nigerian Exchange. The company received 2 billion naira in…
Marine and Blue Economy Minister Adegboyega Oyetola pledged federal support for domestic shipping companies seeking international markets. The minister met with the Nigeria Maritime Exhibition and Conference organizers on a recent weekday at his Abuja office. Committee Chairman Sola Adewunmi and Nigerian Shipowners Association representatives requested backing for the November event in Lagos. Oyetola said…
The Pension Transitional Arrangement Directorate adjusted how it calculates retirement benefits after the 2019 minimum wage increase. Executive Secretary Tolulope Odunaiya said the agency switched from pension bands to grade levels in August 2024 after receiving guidance from the National Salaries, Incomes and Wages Commission. The directorate originally used bands in May 2021 and paid…
Academy Press marked six decades of operations and outlined four priorities for future growth. Managing Director Olugbenga Ladipo said the firm will expand packaging and security printing while integrating digital systems. The company plans sustainability measures in paper sourcing and energy use alongside workforce training programs. The Lagos printer serves education institutions, banks, and corporations…
Zenith General Insurance delivered food and supplies to Heritage Homes and Children Anchor Orphanage Home in Lagos. Senior Manager Edith Agu said the company wanted vulnerable children to feel valued through this effort. Heritage Homes opened 19 years ago when Pastor Ituah created space for abandoned children and matched them with families through donor support….
The National Pension Commission trained pension officers across Nigeria to help federal workers and retirees understand the Contributory Pension Scheme. Director General Omolola Oloworaran said the agency built a streamlined enrollment system for 2026 registration and treasury-funded employees eligible for accrued rights. Officials plan to diversify pension investments, extend coverage to informal-sector participants, and improve…
The Pension Transitional Arrangement Directorate addressed complaints from federal pensioners about payment delays and pension calculations. Samson from Ondo State said he missed his monthly payment, but officials confirmed the funds reached his account. Michael requested help with his gratuity after receiving an April increase, while Samuel questioned why his pension dropped from 17,000 naira…
Kwara State allocated 8.1 billion naira to settle retirement benefits for government workers. Finance Commissioner Hawa Nuhu told reporters at a ministry briefing in Ilorin that state retirees would receive 5.6 billion naira, while local government pensioners would get 2.5 billion naira. Officials said pension costs tripled after implementing the 70,000 naira minimum wage and…
