The Federal Government of Nigeria has firmly ruled out any intention to reinstate the petrol subsidy system, issuing a stark warning that returning to such a policy would inflict catastrophic damage on the national economy. Speaking at a press briefing titled “Fuel Prices and the Subsidy Question” in Abuja, the Minister of Finance and Coordinating...
Category: Financial Report
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NSITF Raises Alarm Over Fake Recruitment Scam, Warns Nigerians Against Fraudsters
The Nigeria Social Insurance Trust Fund (NSITF) has raised the alarm over the circulation of fake employment advertisements and appointment letters being used by fraudsters to deceive unsuspecting members of the public. The warning was contained in a public notice issued by the Fund and circulated to its Regional and Branch Managers through a memorandum...
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NSITF now a digital, efficient, accountable institution – Faleye
The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Mr Oluwaseun Faleye, has said the Fund has moved decisively from manual, top-heavy operations to a more digital, efficient and accountable institution in the last two years. Faleye made this assertion Monday, September 21, 2026, when he received the Permanent Secretary, Federal Ministry of...
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EFCC Recovers N1.23trn, Secures 10,872 Convictions in 34 Months — Olukoyede
The Economic and Financial Crimes Commission (EFCC) says it recovered more than N1.23 trillion and secured 10,872 convictions in 34 months under the leadership of its Chairman, Ola Olukoyede. Olukoyede disclosed this on Monday in Abuja while presenting an account of his stewardship covering October 2023 to July 2026. According to him, the commission recovered...
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Union Bank, AIICO Multishield, Checkers Custard, Others Back 5th Cycling Lagos
LAGOS — Union Bank of Nigeria Plc, AIICO Multishield, Checkers Custard and other corporate organisations have thrown their weight behind the 5th Cycling Lagos, an initiative designed to promote cycling, environmental sustainability and public awareness of responsible waste management. The organisations’ support is expected to strengthen the 2026 edition of Cycling Lagos, which is scheduled...
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NSITF MD mourns NLC scribe, Ugboaja
The Managing Director/ Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr Oluwaseun Faleye, has expressed profound sadness over the death of the General Secretary of the Nigerian Labour Congress (NLC), Comrade Emmanuel Ugboaja. Faleye described Ugboaja’s passing as a huge loss to the labour movement, saying he stood firm for the rights...
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Just in: Abel Olumuyiwa Enitan Appointed Head of Federal Civil Service
‎President Bola Ahmed Tinubu has appointed Mr Abel Olumuyiwa Enitan as the Head of the Civil Service of the Federation, effective August 27, 2026.‎‎Mr Enitan succeeds Mrs Didi Esther Walson-Jack, who will retire soon from the Federal Civil Service upon attaining the statutory retirement age of 60.‎‎Mr Enitan, from Osun State, is the most senior...
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FG Louds Subsidy Removal Amid N30.64trn Expenditure, says reforms save Nigeria from economic collapse.
The Federal Government has rejected any opinion suggesting going back from the petrol subsidy removal, maintaining that the economic policies introduced since June 2023 have expanded fiscal space and averted severe financial deterioration. Presenting the economic reform scorecard covering June 2023 to December 2025 in Abuja, the Minister of Finance and Coordinating Minister of the...
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NSITF to lead NBA session on expanding legal protections for workers at Port Harcourt Conference
…As Faleye speaks on compliance, payroll transparency under ECA‎‎The Nigeria Social Insurance Trust Fund (NSITF) will take centre stage at the Nigerian Bar Association (NBA) Annual General Conference this month with a dedicated session aimed at pushing the legal boundaries of workplace protection and social security in Nigeria.‎‎The session, scheduled for the NBA-AGC holding from...
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NSITF Shifts Focus From Activities To Impact, Urges Financial Discipline
The Nigeria Social Insurance Trust Fund (NSITF), has urged its management team to move beyond counting activities and start measuring real results for employers, employees and their families. Speaking in Abuja at the opening of the second day of the Regional Management Performance Review, the Executive Director, Finance & Investment, Samuel Ayodele Olufemi, said the...