Business

PenCom to sanction PFAs as only 17% of RSA holders recaptured

PenCom to sanction PFAs as only 17% of RSA holders recaptured

By Rosemary Iwunze The National Pension Commission (PenCom) has threatened to sanction  Pension Fund Administrators (PFAs) that fail to meet prescribed targets under the ongoing Retirement Savings Account (RSA) data recapture exercise. PenCom, in its first-quarter 2026 report, disclosed that only 17.03 per cent of the industry’s legacy RSA holders had completed the mandatory data recapture […]
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Fidelity Bank overcomes MTN, Dangote to grab MSRC Award

Fidelity Bank overcomes MTN, Dangote to grab MSRC Award

Fidelity Bank Plc has been named the Most Socially Responsible Company (MSRC) in Nigeria for the promotion of Arts at the 3rd Social Enterprising Reports and Awards (2009) organized by Tru-contact and the Nigerian Institute of Public Relations (NIPR).

Creativity: AAAN moves to improve skills, ends LAIF

Creativity: AAAN moves to improve skills, ends LAIF

It is no news in the advertising world that no Nigerian agency has ever won a major international award for creativity, either the Cannes, CLIO, ADAGE etc and other awards, (but not region awards in other countries of the world) have continuously eluded Nigerian agencies. Even though among the creative industries, advertising is unique in the country in this respect. For this reason, ad practitioners in Nigeria instituted the Lagos Advertising and Ideas Festival (LAIF) to recognise creativity, which has just ended with rewards to creative agencies.

Union Bank new executive directors resume

Union Bank new executive directors resume

The four new Executive Directors approved for Union Bank of Nigeria PLC have resumed duty. They are Messrs Philip Ikeazor, Ibrahim Abubakar Kwargana, Folashodun Adebisi Shonubi and Adekunle Adeosun.

GUS hero appointed youth ambassador, awarded scholarship

GUS hero appointed youth ambassador, awarded scholarship

A member of the Gulder Ultimate Search 6 team, Elvis Abogun, has been appointed Youth Ambassador by the Governor of Ondo State, Dr Olusegun Mimiko. The new ambassador was also awarded scholarship to the master’s degree level in any university of his choice.

Nigeria spends $2.8b annually on importation of food —NAFN

Nigeria spends $2.8b annually on importation of food —NAFN

The National Agricultural Foundation of Nigeria (NAFN) has decried the decline in Nigeria’s agricultural sector, saying the country spends $2.8 billion annually on importation of foods. Alhaji Abdullahi Adamu, Chairman, Board of Trustees of the foundation, made this known on Friday in Abuja at a news conference on preparations for the 2009 National Agricultural Show and this year’’s World Food Day.The 3rd National Agricultural Show with the theme,

Sanusi and the economy: The dangers ahead

Sanusi and the economy: The dangers ahead

THE Nigerian Banking system today is a shadow of what it was before the August 14 pronouncement of the Central Bank governor, Sanusi Lamido Sanusi. Nigerian bankers who in recent times held their heads high in local and international arena no longer exude the confidence they once have. The entire industry is gripped with fear, disenchantment and panic. No one is sure of what will happen next.

Cash and carry economy

Cash and carry economy

It is unfortunate, unproduc-tive, a throwback to practices which this country should have left behind and most inimical to the growth and development prospects of the Nigerian economy the report that transactions are now done on cash and carry basis.

6000MW solar energy to the rescue

6000MW solar energy to the rescue

The place of power in any economy cannot be overemphasised.Recently, the Minister of Power, Dr. Lanre Babalola while speaking at the rollout workshop of the National Power Training Institute of Nigeria (NAPTIN), in Abuja said that for the country to attain its vision of becoming one of the best economies in the world by the year 2020, it would require about 25,000 megawatts of electricity.

FIFA U-20 WORLD CUP  EGYPT 2009: A stage for Superstars

FIFA U-20 WORLD CUP EGYPT 2009: A stage for Superstars

A contagious buzz swept through football: the 1978 FIFA World Cup Argentinaâ„¢ was less than one year away. Supporters’ attention was distracted, however, by the kick-off of the maiden FIFA U-20 World Cup, which was to begin in Tunisia on 27 June 1977.

‘Tourism best option for increased GDP ‘

‘Tourism best option for increased GDP ‘

The Director-General of the Nigerian Tourism Development Corporation, Otunba Olusegun Runsewe has stressed that tourism is the only elixir that could increase our Gross Domestic Product. He disclosed this recently in Abuja while briefing journalists on the activities of the apex tourism regulatory body.

Naira records highest appreciation in two months

Naira records highest appreciation in two months

The naira recorded the third consecutive appreciation yesterday, gaining 60 kobo against the dollar at the official foreign exchange market.Vanguard investigation revealed that the exchange rate dropped to N151.01 per dollar from N151.61 at the Wholesale Dutch Auction System (WDAS) session conducted by the Central Bank of Nigeria (CBN)

Integrity Group backs CBN’s reform in Union Bank

Integrity Group backs CBN’s reform in Union Bank

The Integrity Group in  Union Bank Nigeria Plc (UBN) has given its backing to the ongoing reforms in Union Bank of Nigeria Plc According to a statement signed by Joe Olubunmi, National Co-ordinator, and Mallam Inuwa Gomba, General Secretary, of the Group” We have over the past week watched events in the  banking sector with […]