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 […]
Power generation drops by 1,080 mw as Egbin shuts down
Power generation in the country dropped by 1,080 mega watts on Tuesday due to the shut down of the Egbin Thermal Station.
We want to produce 300,000 tons of cashew by 2014 – NCAN
IN an effort geared towards empowering the people and supporting government initiatives to grow the economy, the new executive of the National Cashew Association of Nigeria (NCAN) has planned ways of improving cashew quality and regulation of its trade to provide enabling environment for all stakeholders.
ICSAN seeks engagement of professionals in governance
The National President, Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, Mr Teslim Busari, has emphasized the need, for professionals, to be inculcated in governance, as this will help achieve speedy growth and development of the country.
GTBank, MTN to drive financial inclusion with Mobile Money
GTBank Plc has entered into a strategic partnership with MTN Nigeria and Fortis Microfinance Bank to promote financial inclusiveness, with the launch of Mobile Money, targeted at the over 30 million unbanked population of the county.
AfDB donates N15m agric inputs to farmers in Adamawa
THE Community Based Agriculture and Rural Development Project of the African Development Bank, has donated agricultural inputs worth N15.2 million to farmers in Adamawa.
Ibaka seaport ’ll create 100,000 jobs – Gov Akpabio
Governor of Akwa Ibom, Godswill Akpabio, has said that the deep seaport to be cited at Ibaka near the state’s capital, Uyo would create over 100,000 jobs for the country’s largely unemployed population.
Shongai Packaging commissions plastics recycling plant
Shongai Packaging Industry Limited has commissioned a state-of-the-art plastics re-cycling plant in Otta, Ogun State as part of its eco-friendly manufacturing process. The Shongai plant is capable of treating and converting 24 tonnes of waste plastics to re-usable materials per day.
Local participation: NIMASA ends auditing of local ships
NIGERIAN Maritime Administration and Safety Agency (NIMASA) as concluded an audit of available ships and their capacity in the country in readiness for their active participation in the lifting of petroleum products and other cargoes presently being dominated by foreign shipowners.
IMO seat: Nigeria should review its relationship with neighbours – Operators
FEDERAL government has been urged to review its relationship with its neighbours in the region following the failure of the country to pick the International Maritime Organisation (IMO) council seat recently.
Singaporean coy to invests $50m in rice production in Nigeria
As part of bilateral relationship to boost agriculture, a Singaporean company has recently signed an agreement on rice production and processing in Nassarawa State with an investment worth about $50 million.
