General

PTAD plans automated computation of pension benefits

To strengthen the management of pensions under the Defined Benefits Scheme (DBS), the Pension Transmission Arrangement Directorate (PTAD) says it will integrate automated computation of pension benefits in the coming months. PTAD’s spokesperson Mrs Harriet Agbeniyi said in Lagos on Sunday that the automation would involve deploying technology to execute computation without human assistance. The […]

Business

China loans Nigeria $328 million to boost telecoms – Nigeria presidency

China’s Exim bank will lend Nigeria $328 million towards improving the west African country’s telecoms infrastructure, Nigeria’s presidency said on Saturday, at the start of a six-day visit by President Muhammadu Buhari to the country. Poor telecoms are a major challenge for businesses operating in Nigeria, which is Africa’s largest oil producer, most populous country […]