#Nigerian Economy Archives - Page 2 of 2

You Cannot Put Pension Deductions in State Accounts—PenCom Boss Warns Governors

BY NKECHi NAECHE -ESEZOBOR—The National Pension Commission (PenCom), has strongly condemned the practice of state governments withholding worker pension deductions in government-controlled treasury...

ByBusinessTodayNGJuly 23, 2026

Pension

CPS Adoption: PenCom Moves to Create Income Streams for State Pension Bureaus

BY NKECHI NAECHE -ESEZOBOR—In a bid to encourage more states to join the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom), on...

ByBusinessTodayNGJuly 21, 2026

Insurance World

Universal Insurance Reaffirms Reliability with ₦1.35bn Q2 Claims Payout

Universal Insurance Plc, Nigeria’s top underwriter, said it has paid a total of ₦1.35billion in claims during the second quarter of 2026. This...

ByBusinessTodayNGJuly 14, 2026

Money

CBN Warns Against Rising State Debt

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has warned that reckless borrowing, uncontrolled spending and poor fiscal coordination by State Governments could...

ByBusinessTodayNGMay 10, 2026