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PenCom allays fear over management of N8.67trn pension fund

PenCom allays fear over management of N8.67trn pension fund

The National Pension Commission (PenCom), yesterday, allayed fears over  mismanagement of  over N8.67trillion assets under its care as at December 2018. This was even as it assured that the  Micro Pension Plan (MPP), launched in Abuja on Thursday, would ensure a significant 85 per cent reduction in old age poverty in Nigeria. Acting Director General […]
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FG’ll save N3.6trn in import reduction  –Onu

FG’ll save N3.6trn in import reduction  –Onu

Tony John, Port Harcourt Minister of Science and Technology, Dr. Ogbonnaya Onu, has said the Federal Government will save a whopping N3.6 trillion in three years with a reduction of the importation of goods and services into the country. He also disclosed that about 4.4 million jobs would be created from the implementation of the policy. […]
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Buhari’s agenda on job creation yielding results –ITF boss

Buhari’s agenda on job creation yielding results –ITF boss

Oluseye Ojo, Ibadan President Muhammadu Buhari’s agenda on job creation and addressing specific skills gap in order to boost employment in Nigeria have started yielding positive results, as more than 300,000 Nigerians were trained and empowered with start-up packs in 2018. Director General of Industrial Training Fund (ITF), Sir Joseph Ari, disclosed this at a […]
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Buhari launches pension scheme for artisans, tradesmen, others

Buhari launches pension scheme for artisans, tradesmen, others

Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari, yesterday in Abuja, launched the Micro Pension Plan (MPP), where he personally registered Sagir Shawa, a Keke NAPEP operator in Karu area of Abuja. This was even as he reiterated the commitment of his administration to address all pension issues inherited from previous administrations. The MPP, an initiative of […]
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Transcorp sets cost management initiatives for 2019

Transcorp sets cost management initiatives for 2019

Chinwendu Obienyi  The management of Transnational Corporation of Nigeria (Transcorp) Plc, has set its sights on cost management strategies to ensure improvement in the 2019 financial year.  This comes after the group results for the financial year ended December 31, 2018, showed its revenue hit N104.16 billion representing a 30 per cent revenue growth compared […]
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Housing deficit: N16trn from CBN, PenCom, others to boost sector

Housing deficit: N16trn from CBN, PenCom, others to boost sector

Maduka Nweke With a whopping N16 trillion from Central Bank of Nigeria (CBN), the Pension Scheme, Mortgage institutions and other related financial services organisations, Nigeria’s housing sector is set to receive a boost. This was as efforts are being made to allow pension contributors to access 25 per cent of the savings in their respective […]
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Stakeholders kick as more buildings collapse in Lagos

Stakeholders kick as more buildings collapse in Lagos

More reactions are still pouring on accounts of the continuous collapse of buildings in Lagos metropolis. Some stakeholders who did not want colour their opinions are not happy that due to partisan politics, government authorities have refused to do what their regulatory offices entails. Some of them believe that because they don’t want to step […]
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Oilserve commissions new ultra-modern office complex

Oilserve commissions new ultra-modern office complex

Oilserv Group commissioned a new corporate office complex sited in the premises of the registered base in Port Harcourt, Rivers State, Nigeria. The magnificent edifice, which was officially commissioned for business by Rev. Timothy Agbai, is a four storey building sitting on a 500sqm area with a capacity of housing about 150 workstations, two thirty men state of the art […]
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Apple Island project: NIWA places stop-work-order

Apple Island project: NIWA places stop-work-order

The Nigeria Inland Waterways Authority (NIWA), has said that appropriate technical and stakeholders engagement would be required before approval can be given to the Nigeria Army Property Company Limited (NAPCL) and Tauraf  International Limited who are joint venture partners to the proposed Apple Island. The Joint Venture Partners, to the Island project are bent on re-writing all known […]
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