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Finance
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PTAD CLEARS N18.96BN PHCN PENSION ARREARS

Barbara Bako, Abuja.     The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of outstanding Back-End Computation (BEC) arrears to 3,958 pensioners of the defunct Power Holding Company of Nigeria (PHCN) under the Defined Benefit Scheme, disbursing N9.48

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Economy
Editor

FG BEGINS 2027 FINANCE BILL REVIEW

Barbara Bako, Abuja.     The Federal Government has commenced work on the 2027 Finance Bill with the inauguration of a Technical Subcommittee on Fiscal Policy and Tax Reforms to review Nigeria’s new tax laws, address implementation challenges and strengthen

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Business
Editor

FAAC STATUTORY REVENUE FALLS BY N1.5TN

Barbara Bako, Abuja.   The Federation Account Allocation Committee (FAAC) shared N2.338 trillion to the Federal Government, states and local government councils for August 2026 after a sharp N1.508 trillion decline in statutory revenue compared to the previous month. The

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Development
Editor

ABUJA UNITY LIONS CLUB TAKE LITERACY DRIVE TO SCHOOL

Barbara Bako, Abuja.   The Abuja Unity Lions Club, in partnership with the Asabi Gold Humanitarian Foundation, marked the 2026 World Literacy Day celebration by donating learning materials to pupils of Model Science Primary School, Garki 2, Abuja. The outreach,

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Business
Editor

PENCOM EXTENDS PENSION VERIFICATION TO DECEMBER

Barbara Bako, Abuja.   The National Pension Commission (PenCom) has extended the deadline for the mandatory one time online verification and enrolment exercise for treasury funded federal civil servants entitled to accrued pension rights to December 31, 2026. PenCom in

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Business
Editor

NCC REPORTS 70% PROGRESS ON NETWORK EXPANSION

Barbara Bako, Abuja.   The Nigerian Communications Commission (NCC) says mobile network operators have completed about 70 per cent of the network coverage and capacity sites they committed to deploy across Nigeria as part of efforts to improve telecom services

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Development
Editor

NIGERIA RETURNS TO JP MORGAN BOND INDEX

Barbara Bako, Abuja.     Nigeria has returned to a major global bond benchmark after 11 years, with J.P. Morgan including selected Federal Government of Nigeria (FGN) bonds in its new Government Bond Index–Emerging Markets Edge (GBI-EM Edge). The inclusion

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Regulation
Editor

NCC REPORTS 70% PROGRESS ON NETWORK EXPANSION

Barbara Bako, Abuja.     The Nigerian Communications Commission (NCC) says mobile network operators have completed about 70 per cent of the network coverage and capacity sites they committed to deploy across Nigeria as part of efforts to improve telecom

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Business
Editor

FG CLEARS N18N NIGERIAN AIRWAYS SEVERANCE DEBT

Barbara Bako, Abuja.     The Federal Government has paid N18 billion in severance benefits to 2,700 former Nigeria Airways workers, bringing an end to a wait that lasted more than two decades after the liquidation of the national carrier.

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