Empowering Employees: Guide to Contributors’ Rights under CPS The Pension Reform Act 2014 (PRA 2014) protects employees’ rights, offering crucial protection, compensation, and support throughout their careers and retirement. These rights extend to all employees enrolled on the Contributory Pension Scheme (CPS). It is, therefore, crucial for both employees and employers to familiarise themselves with… Continue reading Empowering Employees: Guide to Contributors’ Rights under Contributory Pension Scheme
Category: Economy
Supreme Court extends validity of old currency
Old, new naira notes should co-exist till further notice -Supreme Court Ajisafe Olayiwola and Solomon Odeniyi The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist with the new notes till further notice. The court maintained that the old and new notes should remain as… Continue reading Supreme Court extends validity of old currency
Court Sends Emefiele To Kuje Prison
Court Sends Emefiele To Kuje Prison Emefiele By Daily Trust A Federal High Court in Abuja has ordered the remand of Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN), to Kuje Correctional facility pending the ruling on his bail application. The Federal Government had arraigned the former bank chief on a six-count… Continue reading Court Sends Emefiele To Kuje Prison
Old Naira Notes Remain Legal Tender – CBN
Old Naira Notes Remain Legal Tender, Says CBN By Seun Adeuyi The Central Bank of Nigeria (CBN) has warned against the rejection of any bank notes it has issued in line with the provision of the CBN Act 2007. This comes amidst fears that the old banknotes may cease to be legal tender by December… Continue reading Old Naira Notes Remain Legal Tender – CBN
No plans to redenominate Naira – CBN
No plans to redenominate Naira – CBN The CBN urged the public to ignore the news report, as it is speculative and calculated to cause panic in the polity. ByAbdulkareem Mojeed The Central Bank of Nigeria (CBN) has said it has no plans to redenominate or restructure the Naira. The apex bank made this known… Continue reading No plans to redenominate Naira – CBN
Retirement – Adjusting To The Reality (II)
Retirement – Adjusting To The Reality (II) By Musbahu El Yakub “Do something today that your future self will thank you for.” – Sean Patrick Flanery Today we will begin to take up a few things we can do to help us adjust wisely and normally to retirement. The table below summarises the transition phases… Continue reading Retirement – Adjusting To The Reality (II)
Moving from Voodoo to Pragmatic Budgeting
Moving from Voodoo to Pragmatic Budgeting Postscript by Waziri Adio Mid-week, the Budget Office of the Federation released the Budget Implementation Report (BIR) for the last quarter of 2022. The report, which also provided a snapshot of the budget performance for the whole of 2022, made for very grim reading. It brings to the fore,… Continue reading Moving from Voodoo to Pragmatic Budgeting
Marketers raise the alarm over lightness of petrol, say it is evaporating
Marketers raise the alarm over lightness of petrol, say it is evaporating John Ofikhenua, Marketers of the Premium Motor Spirit (PMS) petrol have raised the alarm over the lightness of the product in some retail outlets, noting that it is inferior to the quality the Nigerian Midstream and Upstream Regulatory Authority (NMDPRA) approved. They described… Continue reading Marketers raise the alarm over lightness of petrol, say it is evaporating
Fuel Subsidy Removal: Labour suspends planned strike
Fuel Subsidy Removal: Labour suspends planned strike By Mary Izuaka The organised labour has suspended its plan to embark on a nationwide strike on Tuesday to pressure the government to address the hardships occasioned by the removal of subsidy on petrol. Both the Nigeria Labour Congress (NLC) and the Trade Union Council (TUC), the umbrella… Continue reading Fuel Subsidy Removal: Labour suspends planned strike
Labour Leaders Head For Aso Rock In Final Meeting On Indefinite Strike
Labour Leaders Head For Aso Rock In Final Meeting On Indefinite Strike By Idowu Isamotu Leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) are currently heading for the Presidential Villa in Abuja for a meeting that would determine whether the strike called over the nationwide hardship would hold or not. The… Continue reading Labour Leaders Head For Aso Rock In Final Meeting On Indefinite Strike