PenCom Advance Massive Infrastructure Investment Vehicle

Regulators Claw Back Three Billion Naira Pension Arrears

The National Pension Commission and the Independent Corrupt Practices and Other Related Offences Commission have recovered over N3 billion in unremitted pension deductions from defaulting employers. The enforcement drive targeted chronic violators within the domestic electricity sector who withheld statutory worker savings. Officials have already credited the clawed-back funds directly into the individual retirement savings…

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Upstream Petroleum Workers Strike Threatens Oil Regulation

Upstream Petroleum Workers Strike Threatens Oil Regulation

An indefinite nationwide strike by upstream petroleum workers has brought Nigeria’s oil and gas regulatory architecture to a halt. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria locked the gates of the Nigerian Upstream Petroleum Regulatory Commission. The industrial action completely froze administrative and regulatory functions at the Abuja headquarters and…

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