Obafemi Fawibe

Employer Errors Trap N30bn Pension Savings

Employer Errors Trap N30bn Pension Savings

Nearly N30 billion in pension contributions sits in a financial purgatory. These funds belong to Nigerian workers but remain uncredited to their Retirement Savings Accounts. The National Pension Commission blames a messy cocktail of employer negligence and data blunders. Thousands of employees now face a future where their savings exist only on paper. The system…

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Canada Scraps Dual Permit Rule for International Students

Canada Scraps Dual Permit Rule for International Students

International students in Canada no longer require a separate work permit to participate in mandatory internships or co-op placements. Immigration, Refugees and Citizenship Canada (IRCC) introduced the reform on 1 April 2026 to eliminate the administrative burden of holding two distinct documents for a single educational programme. Under the new rules, a standard study permit…

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Naira Gains Ground as Official Rates Hold Steady

Naira Holds Firm at N1,379 as Market Gaps Close

The Nigerian Naira opened the second quarter of 2026 with a show of resilience, trading at N1,379.30 against the United States Dollar on Tuesday, April 7. Stability in the official Nigerian Foreign Exchange Market (NFEM) follows a period of mild volatility in late March. The Central Bank of Nigeria (CBN) successfully bridged liquidity gaps through…

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FG Moves to Settle N1.8tn Contractors' Debt

FG Pledges N1bn in Direct Grants for Small Firms

The Federal Government has replaced luxury prizes with cold cash in its latest attempt to bolster small businesses. Through the 2026 National MSME Awards, the state will distribute more than N1 billion in grants to entrepreneurs across the country. Temitola Adekunle-Johnson, the President’s Senior Special Adviser on Job Creation and MSMEs, announced the shift in…

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