PenCom Commences Online Enrolment of Retirees

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Dipo Olowookere The management of Visa has announced a continued commitment to reducing friction and improving security in digital commerce by reiterating support of the draft EMV Secure Remote Commerce (SRC) Specification. The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay. EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification. Visa now encourages merchants, issuers, acquirer gateways and other interested participants to provide feedback and comment during a 45-day public

By Dipo Olowookere The stop rate of the long-date bill issued at the Open Market Operations (OMO) on Friday was marginally slashed by the Central Bank of Nigeria (CBN). Business Post reports that the liquidity management instrument was slightly reduced yesterday by the apex bank after investors continued to show huge interest for the one-year bill at the market. A total of N300 billion worth of the bills were auctioned during the exercise in three different categories with N20 billion earmarked for 81-day tenor, N30 billion for the 179-day maturity, and N250 billion for the 361-day instrument. However, the central

By Dipo Olowookere It was a mixed session on Tuesday at the secondary market for treasury bills with the average yields marginally going down by 0.005 percent to settle at 14.66 percent at the close of business. Investors kept a watchful eye on outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), which ended yesterday. The apex bank chief, Mr Godwin Emefiele, who announced outcome of the meeting to newsmen in Abuja, said the benchmark rate was again left at 14 percent. On the treasury bills yields, only two tenors, the one-month and 12-month

By Modupe Gbadeyanka Marriott Bonvoy, which is known for its 30 hotel brands across the world, as well as its iconic Homes and Villas by Marriott International vacation rental collection, boasts a popular vacation timeshare scheme, the Marriott Vacation Club. Marriott Vacation Club has over 60 resorts and 13,000 villas located all over the world. In addition, the Marriott Vacation Club Pulse operates urban hotels for visitors seeking a taste of the big city. Being a member of the Marriott Vacation Club may be a useful alternative depending on your travel needs and patterns. If you want to terminate your

By Modupe Gbadeyanka The duo of Dr Adesegun Akin-Olugbade and Mr Ignace Clomegah have resigned from the board of Ecobank Transnational Incorporated (ETI), the Lome-based parent company of the Ecobank Group. A statement signed by ETI Group Head, Marketing and Communications, Ama Okyere, disclosed that the two directors left the board to “focus on other personal responsibilities.” “Dr Adesegun Akin-Olugbade and Mr Ignace Clomegah have resigned from the board to enable them focus on other personal responsibilities. “The board, management and staff of ETI express their gratitude to them for their significant contributions to the Ecobank Group and their renewed

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has disclosed that the manufacturing Purchasing Managers’ Index (PMI) in October stood at 49.4 index points, indicating a contraction in Nigeria’s manufacturing sector for the sixth time this year. This was disclosed in the October PMI report released on Wednesday by the apex bank. According to the report, six out of the 14 sub-sectors surveyed reported expansion (above 50 per cent threshold) in October. It listed the sub-sectors that expanded as: electrical equipment; transportation equipment; printing and related support activities; chemical and pharmaceutical products; textile; apparel; leather and footwear and cement.

By Dipo Olowookere The Debt Management Office (DMO) has emphasised that the interest rates government offers the Nigerian Treasury Bills via primary market auction (PMA) conducted twice a monthly is mainly determined by investors. A statement issued by the agency on Wednesday disclosed that the rates are never predetermined by the debt office or the Central Bank of Nigeria (CBN) as some would have thought. According to the DMO, different bidders come up with the rates, while the DMO or the apex bank only sell as the prevailing rates at the secondary market. “Investors bid at the NTBs auction at

By Adedapo Adesanya In keeping with the tradition of restoring a predictable January to December fiscal year as entrenched in the constitution, President Muhammadu Buhari on Friday signed into law the 2022 Appropriation Bill and the 2021 Finance Bill. Without much ado, he has now directed Ministries, Departments, and Agencies (MDAs) to commence early preparation of the transition budget for 2023. The President signed the documents at the Presidential Villa in the presence of Senate President, Mr Ahmed Lawan; Speaker of the House of Representatives, Mr Femi Gbajabiamila, and other members of the Federal Executive Council and expressed his displeasure