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Too Good to Be True? SEC Flags Fake Celebrity-Endorsed Investments

The Securities and Exchange Commission (SEC) has warned Nigerians against the growing menace of Artificial Intelligence (AI)-driven investment scams, even as it announced the adoption of an advanced surveillance system to detect fraud in real time. In a statement issued on Sunday, the commission said fraudsters were increasingly targeting unsuspecting investors with false promises of […]

PENGASSAN Shuts Down Operations Nationwide over Dangote Refinery Sackings

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members across the country to withdraw their services following the dismissal of more than 800 Nigerian workers at the Dangote Refinery. The directive was announced in Abuja on Sunday by PENGASSAN’s General Secretary, Mr. Lumumba Okugbawa, after an emergency meeting of […]

Showdown: PENGASSAN, Dangote Refinery Row Over Threat to Halt Crude Supply

A major industrial dispute is brewing between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery, following a directive by the union to halt gas and crude oil supplies to the facility. In a letter signed by its General Secretary, Comrade Lumumba Okugbawa, on Friday, PENGASSAN accused the refinery’s […]

PenCom reviews capital base of pension operators, sets 2026 compliance deadline

The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) as part of efforts to enhance the financial stability of the pension industry. The directive was contained in a circular signed by Mr. Saleem Abdulrahman, Director of the Surveillance Department at PenCom. The review, […]

FG introduces progressive Capital Gains Tax to boost investor confidence

The Presidential Committee on Fiscal Policy and Tax Reforms has announced a new Capital Gains Tax (CGT) regime on shares, aimed at reducing business risks, bolstering investor confidence, and creating a fairer tax system. The committee’s chairman, Mr. Taiwo Oyedele, disclosed this during a virtual market engagement with the Nigerian Exchange Group (NGX) on capital […]

PENGASSAN Issues Ultimatum to Dangote Refinery over Sacked Nigerian Workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an ultimatum to the management of Dangote Refinery, demanding the recall of more than 800 Nigerian workers allegedly dismissed and replaced with foreign nationals. The union, in a statement signed by its General Secretary, Mr. Lumumba Okugbawa, and released in Abuja on […]

Who Regulates Trade Fair Complex? Lagos, Backed by Court Ruling, Says ‘We Do’

The Lagos State Government has reiterated its commitment to enforcing physical planning laws across the state, including at the Trade Fair Complex in Ojo. The Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, stated this in Lagos on Friday in a release signed by Mr. Mukaila Sanusi, Director of Public Affairs of the […]

Dangote Refinery Defends Sacking of Workers, Cites Sabotage and Safety Concerns

The Dangote Petroleum Refinery has explained that its recent reorganisation, which led to the dismissal of some staff, was undertaken to prevent repeated sabotage and improve operational efficiency. In a statement issued on Friday, the company said the exercise was not arbitrary but necessary to address safety risks arising from “intermittent cases of sabotage in […]

Olubadan Ladoja Urges Tinubu: Approve Ibadan State Before 2027 Elections

The newly installed Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, has called on President Bola Tinubu to approve the creation of Ibadan State. Speaking during his coronation ceremony in Ibadan on Friday, Oba Ladoja restated the Olubadan-in-Council’s long-standing demand, stressing that it reflects the will of Ibadan people. “They (Olubadan-in-Council) have a message for you, […]

ADC Orders Coalition Members to Cut Ties with Former Parties

The African Democratic Congress (ADC) has instructed members of its national coalition to resign from their former political parties in order to be formally recognised as members of the ADC. The directive was announced by the party’s National Publicity Secretary, Malam Bolaji Abdullahi, following a caucus meeting in Abuja. He explained that although a final […]

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