Business & Economy

NPower News: NASIMS Approves NPower November, December Stipend Payments

Npower news: Approval of November and December Stipend

Nasims has reportedly approved the November and December Stipend Payment for the Batch C Stream 1 Npower beneficiaries.

Brand News Day Nigeria reports that the Minister for Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk, who doubles as the supervisor of the National Social Investment Management System (NASIMS) scheme has initiated payment for November 2021.

READ: Latest NPower News On Stipends Payment For Today Sunday 23 January 2022

Many beneficiaries of the Batch C Stream 1 Npower Programme have seen the November Payment marked as “Pending” on their NASIMS Profiles on 20th, Jan. 2022.

Advertisement

The activation of the November Payment process is part of the efforts of the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development to clear all outstanding Stipends owed to the beneficiaries, and normalize the Stipend Payment Calander for the beneficiaries.

NPower News: NASIMS Approves NPower November and December Stipend Payments

NASIMS has in an update confirmed the approval of the November and December Stipend payment to the beneficiaries, conversely, noted that the Payment would be made simultaneously.

This entails that the payment will be made one after the other in a structure such that November would be paid after the payment of October, and December after the payment of November Stipend.

Advertisement

READ: NASIMS Reveals When NPower November Stipend Payment To Commence

According to NASIMS, the simultaneous approach is to ensure seamless Stipend payment to the beneficiaries which would ease network impediments on crediting the Npower beneficiaries bank accounts.

NASIMS has heightened its efforts to ensure that the NPower beneficiaries are paid all outstanding before the end of January 2022.

Advertisement

READ: When Will Federal Govt Engage New NPower Beneficiaries 2-Years After Exit Of Batches A, B Beneficiaries

Recall that Brand News Day Nigeria reported that Nasims had earlier given fresh update regarding the NPower’s November 2021 stipend payment said Npower November Stipend Payment Process Initiated to begin payment soon.

Nasims confirms that all outstanding payments for September and October will be settled in order to commence the Npower November Stipend Payment for beneficiaries to be able to receive their stipend payments.

Advertisement
Facebook Comments
Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

Stanbic IBTC Empowers MSMEs With Business Growth Insights At Nigeria Business Summit Regional Tour In Ibadan

Stanbic IBTC - Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity…

2 days ago

GTBank Bagged Best Overall Performing Bank In Nigeria In The Banker’s Top 1000 World Rankings 2026

Guaranty Trust Bank Ltd (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company Plc…

1 week ago

Stanbic IBTC Hosts Clients At Lagos Polo Club’s Unity Cup In England With Chief Executive, Chuma Nwokocha

As a major sponsor of Lagos Polo Club over the years, Stanbic IBTC was proud…

1 week ago

Kenya Gives Central Bank Emergency Powers To Rescue Struggling Banks In 2026

Kenya has introduced new legal powers allowing its central bank to provide emergency financial support…

2 weeks ago

Stanbic IBTC Capital Wins Best Investment Bank In Nigeria At 2026 Global Banking And Finance Review Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been named the Best Investment…

2 weeks ago

Rethinking How Nigeria Supports SME Growth

By Olajumoke Bello, Head Enterprise Banking, Stanbic IBTC Bank Across Nigeria, small and medium enterprises…

2 weeks ago

This website uses cookies.