News
FAAN: Echoes of cashless policy
20+ hour, 23+ min ago (891+ words) March 9, 2026 by Emeka Omeihe It is heart-refreshing President Bola Tinubu suspended the cashless payment system at airport toll gates barely three days it came into force due to inconveniences it brought to bear on the public." But events leading to…...
Reps move to regulate mobile money operators
6+ day, 17+ hour ago (1302+ words) March 3, 2026 by Tony Akowe, Abuja The House of Representatives yesterday set in motion machinery for the establishment of a Fintech regulatory commission to regulate online money transactions. Stakeholders in the digital financial sub-sector however threw their weight behind the establishment…...
FAAN rolls out cashless operations at airports
5+ mon, 1+ week ago (264+ words) September 29, 2025 by Kelvin Osa Okunbor Federal Airports Authority of Nigeria (FAAN) has concluded plans to roll out: " Operations Go Cashless ", a contactless payment solution at airports nationwide. The pilot phase of the new arrangement, the authority said will be flagged…...
Ogun okays additional pension benefit for retirees
3+ week, 12+ hour ago (505+ words) February 16, 2026 by Ernest Nwokolo, Abeokuta The development was disclosed during a meeting chaired by the Commissioner for Finance and Chief Economic Adviser, Mr. Dapo Okubadejo, following strategic engagements between the state government, labour unions, Pension Fund Administrators (PFAs) and members…...
2025: PTAD steadies pension payouts, faces old burdens
2+ mon, 1+ week ago (494+ words) December 31, 2025 by Omobola Tolu-Kusimo The Pension Transitional Arrangement Directorate (PTAD), which oversees the Defined Benefit Scheme (DBS) for federal retirees, made notable strides in 2025, offering hope to many pensioners long burdened by irregular payments and low benefits. However, lingering challenges…...
Defined Benefit Scheme pensioners get reforms, others
6+ mon, 4+ week ago (311+ words) August 13, 2025 by Omobola Tolu-Kusimo President Bola Ahmed Tinubu has approved a series of far-reaching measures aimed at enhancing the welfare of Defined Benefit Scheme (DBS) pensioners, in line with the Renewed Hope Agenda, the Executive Secretary of PTAD, Tolulope Odunaiya,…...
Reps panel raises alarm over rising POS fraud, crypto activities by unlicensed operators
3+ mon, 2+ week ago (958+ words) November 24, 2025 by Nicholas Kalu, Abuja The chairman of the House of Representatives ad-hoc committee on the Economic, Regulatory and Security Implications of Cryptocurrency Adoption and POS Operations in Nigeria, Hon. Olufemi Bamisile, on Monday expressed deep concerns over the increasing…...
NHIA reviews progress on Health Insurance coverage
2+ mon, 4+ day ago (397+ words) January 5, 2026 by Our Reporter A significant progress has been made in expanding coverage and protecting Nigerians from catastrophic health costs, the National Health Insurance Authority (NHIA) has announced. The progress was attained through strengthened nationwide implementation of the mandatory health…...
Katsina moves to clear N20bn gratuity arrears, introduces new pension reform law
3+ mon, 1+ week ago (466+ words) November 30, 2025 by Augustine Okezie, Katsina The Katsina state government has reaffirmed its commitment to settling the outstanding N20 billion gratuity arrears owed to retired workers, as part of efforts to restore confidence in the state's pension administration. Chairman of the State…...
New Insurance Act will promote equity, says CIIN President
6+ mon, 4+ week ago (276+ words) August 11, 2025 by Our Reporter The Chartered" Insurance Institute of Nigeria (CIIN) has said the newly signed National Insurance Industry Reform Act 2025 (NIIRA 2025) would promote equity in the sector, benefiting both policyholders and operators. National President, Chartered" Insurance Institute of Nigeria…...