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The Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, says the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure, private equity vehicles, real estate, and subnational
Cutting funding for emergency food assistance could result in a death sentence for millions of people, the United Nations World Food Programme (WFP) warned on Monday. The organisation said it was deeply concerned by recent notifications from the United States (U.S.) indicating it had terminated emergency food assistance in 14 countries. “If implemented, this could
An Area Court in Jos on Tuesday, sentenced Mohamed Bashir, to 12 months imprisonment for stealing a motorcycle valued at N850,000. The Judge, Shawomi Bokkos, sentenced the convict after he pleaded guilty to the offence. The Judge however gave the convict an option of N 100, 000 fine or 12 months imprisonment and asked the convict to pay a compensation of N900,
Nigerian-German film director and producer, Dagogo Diminas, has highlighted the need for Federal Government investment in the Nollywood industry. Diminas said this during an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. He noted that state funding would allow filmmakers to experiment and innovate without financial pressure. “Filmmaking is serious business.
German luxury carmaker, Porsche’s global vehicle deliveries fell by eight per cent in the first quarter of 2025, weighed down by a 42 per cent drop in China. The company gave the report on Tuesday. Porsche delivered 71,470 vehicles worldwide between January and March, an eight per cent drop compared to the same period in
The Abia Government has warned principals and head teachers of public schools secretly collecting unauthorised school fees and levies to desist from such practices or risk sanctions. The Commissioner for Information, Mr Okey Kanu, said this, while briefing newsmen at the Government House, Umuahia on the outcome of Monday’s State Executive Council meeting. Kanu described
The Asagba of Asaba, Prof. Epiphany Azinge (SAN), on Monday, commenced a tour of public schools in the Delta capital town to assess their environment for quality teaching and learning. The Asaba, who paid an unscheduled visit to Asagba Mixed Secondary School, Asaba, was conducted round the classrooms by the School Principal, Mrs Esther Ajufoh,
The National Executive Council (NEC) of Labour Party has passed a vote of confidence in the Julius Abure-led National Working Committee. This was part of the resolutions at the party’s NEC meeting held in Abuja on Monday. In a communique read out by the National Secretary, Alhaji Ibrahim Umar-Farouk,, the NEC expressed satisfaction with the
Troops of the Nigerian Army’s 6 Division have apprehended 43 suspected oil thieves during a coordinated raid on illegal artisanal refineries across Bayelsa, Delta and Rivers states. Spokesman for the division, Lt.-Col. Danjuma Danjuma, disclosed this to journalists in Port Harcourt on Sunday, noting that 14 artisanal refineries were also dismantled during the operations. Danjuma
The Minister of Works, Sen. Dave Umahi, has given the assurance that the Lagos-Calabar Coastal Highway is being constructed to withstand flood for about 50 years. Umahi gave the assurance at a stakeholder engagement on Section 2 of the highway project on Sunday in Lagos. “We will make sure that our pavement level is going
