Business

Five PFAs control pension market, account for 54% of new RSAs

•States still foot-dragging on CPS implementation By Rosemary Iwunze Five Pension Fund Administrators, PFAs, out of 18 licensed operators accounted for 54.41 per cent of new Retirement Savings Account, RSA, registrations in the first quarter of 2026, Q1’26, indicating continued concentration in Nigeria’s pension market. According to the Q1’26 industry report released by the National […]
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Pearl Dream selected for Tony Elumelu Entrepreneur Programme 2015

The Pearl Dream said in a statement that “it is honoured to be amongst other African Entrepreneurs who are also a part of the programme, where they will participate in the learning experience while sharing what they have learned as well as spreading the word of their latest development and mobile application, DreamAfrica.

PZ Wilmar set to make Nigeria global leader in oil palm production

That means we started to grow oil palm in Nigeria. Nigeria was the world’s leader in oil palm in the 1960s and 1970s and Malaysia and Indonesia took the know-how from Nigeria and over the last 30, 40 years, they have perfected it and have now become world leaders in oil palm production.

ECOWAS new tariff regime will boost Nigeria’s economy – Compt Jubrin

Tincan Island Command of Nigeria Customs Service (NCS), is one of the units that has made significant contributions to Nigeria’s economy in revenue generation and trade facilitation. Since the on-going reforms by NCS began, Tincan has recorded outstanding increase in revenue collection for the economy. Sunday Vanguard, on a visit to the Command gathered that aside from previous statistics of income generation, Tincan raked in over N240.1billion in 2013, N284.2 in 2014 and N61.6 billion between January and March 2015.

Developing internally generated revenue in an era of diversification

These are the types of statements expected of our State Governments given the current direction of the economy. Taking a short step back into history, it is clear that Oil became the major source of Nigeria’s revenue in the 1970s while other sectors of the economy which had put Nigeria on the map in the past slowly became redundant. A prime example of one of the sectors sacrificed on the ‘altar of oil’ is the Agricultural sector.

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