Investogist
No Result
View All Result
Sunday, September 14, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Larry Ellison tops Elon Musk as world’s richest person

    Larry Ellison tops Elon Musk as world’s richest person

    Finland charges Simon Ekpa with inciting terrorism

    Simon Ekpa sentenced to six years in Prison for terrorism offences

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Nigeria Custom Service begins recruitment

    Nigeria Customs Service Recruitment: 573,000 Applicants Compete for 3,927 Vacancies

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery sets date for Free Fuel Distribution, Slashes Petrol Price to N841/Litre

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Regency Alliance Insurance Plc Board pass resolutions, No Dividend recommendation

    Regency Alliance Insurance Plc to issue another share bonus

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA extends closure of Rights Issue

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    Fidson signs partnership agreement to boost specialized medicine production

    Sovereign Trust Insurance Plc obtains approval for a Rights Issue of 2.84bn shares

    Sovereign Trust Insurance to raise ₦20.00 billion new capital

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Larry Ellison tops Elon Musk as world’s richest person

    Larry Ellison tops Elon Musk as world’s richest person

    Finland charges Simon Ekpa with inciting terrorism

    Simon Ekpa sentenced to six years in Prison for terrorism offences

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Nigeria Custom Service begins recruitment

    Nigeria Customs Service Recruitment: 573,000 Applicants Compete for 3,927 Vacancies

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Shareholders of Academy Press Plc to consider share capital increase at AGM

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery sets date for Free Fuel Distribution, Slashes Petrol Price to N841/Litre

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

    Regency Alliance Insurance Plc Board pass resolutions, No Dividend recommendation

    Regency Alliance Insurance Plc to issue another share bonus

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA extends closure of Rights Issue

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    Fidson signs partnership agreement to boost specialized medicine production

    Sovereign Trust Insurance Plc obtains approval for a Rights Issue of 2.84bn shares

    Sovereign Trust Insurance to raise ₦20.00 billion new capital

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

COAS increases troops’ daily feeding allowance from N1,500 to N3,000

Thursday, 27 February 2025, 6:37 pm
in News, Nigeria
0
COAS increases troops’ daily feeding allowance from N1,500 to N3,000
Share Share Share Share Send as Email

Lieutenant General Olufemi Oluyede, Chief of Army Staff, has approved an increase in the daily Ration Cash Allowance for Nigerian Army personnel from N1,500 to N3,000, effective at the end of March.

He made this announcement on Wednesday while addressing officers and soldiers of the 81 Division at the 9th Brigade Parade Ground in Ikeja, Lagos, during his visit to inspect ongoing projects in the division’s area of responsibility. During his address, Oluyede expressed concern over the previous N1,500 allowance and assured the troops of his commitment to improving their welfare.

In addition to the feeding allowances, he acknowledged the housing challenges faced by warrant officers, many of whom do not have homes upon retirement. To address this issue, he highlighted the Nigerian Army’s housing initiative aimed at ensuring that retiring personnel have a place to live.

“I am going to build on what my predecessors have done in improving the welfare of our personnel. In December, under the Nigerian Army Housing Scheme, we unveiled the first set of houses in Abuja. As I speak, we are beginning a new set in Ibadan, and we have also secured land for additional housing developments in Jos. Furthermore, we are developing housing units in Port Harcourt, Owerri, and Akwa Ibom states,” he said. The housing scheme, he noted, offers affordable options for soldiers, with prices significantly lower than those in the open market.

“This will ensure a widespread distribution of houses that soldiers can subscribe to. You will all agree with me that there is nowhere in Nigeria where you can buy a two- or three-bedroom house for as low as N8 million. This is a significant investment by the Army to ensure you have a comfortable post-service life. We are accelerating the process so that more personnel can benefit.

I want you to believe in this system because it is worthwhile,” he added. Additionally, Oluyede announced a new low-interest loan scheme for soldiers, offering a 3% interest rate, which is far below commercial bank rates. “As for the loan scheme, it comes with just a 3% interest rate. If you go to banks, the lowest interest rate you will find is around 25%. We have deliberately kept our rate low to make it accessible. More funds will be injected into the scheme, so if you have pressing financial needs, you are encouraged to apply,” he explained.

However, he advised personnel to borrow only when necessary. “I want to advise that if you don’t truly need it or if you are not in urgent need, it’s best not to take it. It is easy to obtain but difficult to repay. That said, it is available to you; it is your right, and you can apply for it at any time. Once approved, you will receive it as quickly as possible,” he added. In response to complaints about soldiers purchasing their uniforms, Oluyede reassured the troops that the Army had begun distributing 100,000 kits per month. “We have allocated uniforms to smaller divisions. The next phase will cover the 82nd Division.

Once we complete distribution there, we will proceed here and issue more uniforms. I can assure you that before the end of the year, you will likely receive another set,” he said. He acknowledged the challenges in accessing military kits but assured personnel that efforts were underway to resolve the issue. Oluyede urged soldiers to remain dedicated to their duties, emphasizing that their commitment is essential to the Army’s success.

Vivian Ifunanya Gerald

Administrator and Writer

Related Posts:

  • Dollar
    Banks slash travel allowance, foreign school fees…
  • Bola Tinubu
    JUST IN: Tinubu suspends N-Power, School feeding, others
  • Behind bar
    FG to spend N22.44bn on feeding inmates, at least…
  • US NATO Deployment
    U.S Troops deployed so far to Europe following…
Tags: Featured
Previous Post

Impeached speaker Obasa storms Lagos Assembly with security

Next Post

EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

Next Post
EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

The New Tax Acts and Tax ID – What You Need to Know

The New Tax Acts and Tax ID – What You Need to Know

Regency Alliance Insurance Plc Board pass resolutions, No Dividend recommendation

Regency Alliance Insurance Plc to issue another share bonus

President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

Nigeria Custom Service begins recruitment

Nigeria Customs Service Recruitment: 573,000 Applicants Compete for 3,927 Vacancies

The New Tax Acts and Tax ID – What You Need to Know

The New Tax Acts and Tax ID – What You Need to Know

President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

Shareholders of Academy Press Plc to consider share capital increase at AGM

Shareholders of Academy Press Plc to consider share capital increase at AGM

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved