SON Launches PAM to Check Substandard Products
CURRENCY OFFENCES ACT
An Act to prohibit certain acts tending to depreciate currency.
News and Resources
CBN revokes Skye Bank’s operating licence, renames it Polaris Bank
The Central Bank of Nigeria on Friday revoked the operating licence of Skye Bank Plc. Governor of Central Bank, Godwin Emefiele, made the announcement at a press briefing in Lagos. He also said a bridge bank known as Polaris Bank had been created to assume the…
PenCom releases N86.7bn to over 275,000 sacked workers
The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme. Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, who disclosed this on Monday in Lagos, said the amount was for the settlement of 275,172 disengaged…
Regulators
Industrial Training Fund (ITF)
Established in 1971, the Industrial Training Fund (ITF) has operated consistently and painstakingly within the context of its enabling laws Decree 47 of 1971, as Amended in the 2011 Industrial Training Fund (ITF) ACT.
The objective for which the Fund was established has been pursued vigorously and efficaciously. In the…
National Pension Commission (PENCOM)
The Pension Reform Act 2004 established the National
Pension Commission (PenCom) as the body to regulate, supervise and ensure the
effective administration of pension matters in Nigeria.
The functions of the Commission include:
1.Regulation and supervision of the…
Industries
Automotive
Automotive Industry