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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Trade among African countries declining, says Perm Sec

Permanent Secretary in the Federal Ministry of Trade and Investment, Mr Dauda Kigbo, has said that the volume of trade among African countries, especially in the non-oil sector, has been on steady decline in recent years. Kigbo, represented by the Executive Director of the the Nigerian Export Promotion Council, NEPC, Mr David Adulugba, made the statement in Abuja at the opening of a three-day workshop on “Enhancing National Export Competitiveness Strategies”.

CPC moves to combat products’ counterfeiting

Consumer Protection Council, (CPC) has made fresh moves to combat counterfeiting of electronic products in Nigeria through collaborations with Alaba International Market Amalgamated Traders Association, AIMATA, and Sharp Corporation of Japan.

SON faults slow take off of Cement Institute

Standards Organisation of Nigeria (SON) has faulted the slow take-off of the Cement Technology Institute being proposed by the Federal Government and Cement Manufacturers Association of Nigeria, CMAN.

Change Nigeria trade policy – shipowners cry out

THE Chairman of the Nigerian Maritime Exposition (NIMAREX) 2012, Mr. Collin Egwuagu has called on the Federal Government to change the country’s sea trade policy from Cost Insurance and Freight (CIF) to Free on Board (FOB) with a view to enabling Nigerian shipowners benefit from the affreightment of her crude oil.

NITEL workers protest non-payment of salary …call for CEO’s removal

Workers of the Nigerian Telecommunication Commission (NITEL) staged a rally on Tuesday in Abuja in protest of the management’s failure to pay their nine months salary. The protesters led by Comrade Elias Kazzah, the President of the Senior Staff Association of Communication Transportation and Corporation (SSACTAC), NITEL Branch, also called for the removal of the Chief Executive Officer (CEO), Hajiya Zainab Sa’ab.

Maritime firm protests illegal demolition of office, loss of cash

THE Management of Joe Yomi maritime services has protested the illegal demolition of its office by officials of the Lagos State Task Force on environment and other related offences, a development he said has disrupted the company’s source of income.

Ogun woos investors, sets five-cardinal programme

Ogun State Investors Forum convened by Governor Ibikunle Amosun, formally began yesterday in Abeokuta, the state capital. The two days forum is themed: “Ogun State: Open for Business.

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