Tinubu Seeks NASS Approval for $21.5bn Loan, ₦758bn Pension Bond
President Bola Tinubu has asked the National Assembly to approve an external borrowing plan exceeding $21.5 billion and a ₦757.9 billion domestic bond issuance to settle outstanding pension liabilities. The requests, contained in three separate letters, were read on the floor of the House of Representatives on Tuesday by Speaker Tajudeen Abbas. The president proposed […]
PenCom Mandates BVN for Pension Accounts Starting February 1
The National Pension Commission (PenCom) has announced the mandatory inclusion of Bank Verification Numbers (BVN) for all Retirement Savings Account (RSA) registrations and data recapture processes, effective February 1. In a circular issued by PenCom’s Head of Surveillance, A.M. Saleem, the commission stated that the move is designed to strengthen the security and integrity of […]
Belgium Grants Equal Rights to Sex Workers
Belgium has passed a groundbreaking law granting sex workers the same rights and protections as other workers. Signed on Sunday, the legislation ensures access to maternity leave, pensions, and legal safeguards against exploitation. The move follows 2022 protests where sex workers demanded state support after being excluded from COVID-19 relief. Under the law, sex workers […]
Germany to hike pensions nationwide by 4.57%
The more than 21 million pensioners in Germany would receive a substantial 4.57 per cent pension increase beginning on July 1, after the German Cabinet approved the adjustment on Wednesday in Berlin. With this increase, pensions are set to rise faster than inflation in the country. The pension increase would apply equally to the entire […]
