Category: Nigeria news
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Everything Retirees Need to Know Under PTAD – Part 2
1. Accessing Pension of a Deceased Spouse 2. Verification Process 3. Upcoming Verifications 4. Reasons for Removal from PayrollPensioners may be removed due to: 5. Payment of Pension Arrears 6. Key Takeaways
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PTAD Addresses Pensioners’ Concerns Amid Complaints Over Payment Delays
The Pension Transitional Arrangement Directorate (PTAD) has been actively responding to pensioners’ complaints regarding delayed payments, discrepancies in pension amounts, and gratuity issues. Several pensioners, including Kolade and Samson, raised concerns about late payments and minimum wage adjustments. PTAD clarified that the N32,000 minimum wage increment applies to all pensioners except those from agencies such
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NGX Group Declares N1 Interim Dividend for Q3 2025
Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of N1 per share following its board meeting, where the unaudited financial statements for the third quarter ended September 30, 2025, were approved. The dividend will be paid to shareholders registered as of Friday, November 7, 2025, with payments scheduled for Tuesday, November 18,
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Neimeth Reports N5 Billion Q3 Turnover, Posts 9% Net Profit Growth
Neimeth International Pharmaceuticals Plc has recorded a strong third-quarter performance in 2025, with sales growing 62% to N5.01 billion, up from N3.09 billion in the same period last year. The growth underscores the company’s expanding business activities in the pharmaceutical sector. The company’s gross profit rose 71% to N2.49 billion, while operating profit surged 120%
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African Start-ups Raise Over $442 Million in October, Nigeria Leading the Charge
Start-ups in Nigeria and other African countries collectively raised over $442 million in October 2025, marking the second-best month for the continent’s venture ecosystem this year, after July. Equity funding accounted for 76% of the total ($334 million), making it the strongest month for equity investment in 2025 so far. The largest deals came from
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Rite Foods Reaffirms Commitment to Ethics and Corporate Responsibility
Rite Foods Limited, a leading food and beverage company, has reaffirmed its dedication to ethical business practices and corporate responsibility during this year’s Corporate Compliance & Ethics Week. The observance, which highlights the importance of integrity and compliance within organizations, underscores Rite Foods’ belief that compliance is not merely a set of rules but a
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T2 Named Exclusive Technology Partner for CIArb Nigeria Annual Conference 2025
Lagos – The Chartered Institute of Arbitrators (CIArb) Nigeria Branch has announced T2 as the Exclusive Technology Partner for its Annual Conference and Gala Night 2025, set to hold from 12th to 14th November 2025 at The Jewel Aieda, Lekki, Lagos. Themed “Connecting the Dots: Core Principles, Innovation, and Meaningful Outcomes in ADR,” this year’s
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SWEEP Foundation Launches 2025 Lagos Community Waste Challenge
Lagos – SWEEP Foundation has officially launched the Lagos Waste Challenge 2025, the second edition of its flagship community-driven waste management competition, with support from Coca-Cola Nigeria. The initiative seeks to unite Community Development Councils (CDCs) across Lagos State in promoting creativity, innovation, and environmental sustainability. Running from November 1 to 22, 2025, the Challenge
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Capital Express Life Reports 53% Growth in Shareholders’ Funds in 2024
Lagos – Capital Express Life Assurance Limited has posted strong financial results for the year ended December 31, 2024, reporting 53% growth in shareholders’ funds to ₦14.11 billion from ₦9.22 billion in 2023. The performance was driven by capital injections and improved investment income, reflecting resilience amid global and domestic economic pressures. The company also
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Regency Alliance Insurance Reports 16% Growth in Assets for 2024
Lagos – Regency Alliance Insurance Plc has recorded robust financial performance for the 2024 fiscal year, with total assets rising 15.96% to ₦21.857 billion, up from ₦18.848 billion in 2023. The announcement was made by Mr. Clem Baiye, Chairman of the company, while presenting the 2024 financial statements at the firm’s 31st Annual General Meeting
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