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 […]
FG to privatise railways, inland waterways, 6 others in 2015
The Federal Government has concluded plans to privatise eight new entities in some sectors of the economy by 2015.
Disbursement of N212bn power fund to commence soon — CBN
The Central Bank of Nigeria (CBN) said that it would commence disbursement of the N212 billion Nigeria Electricity Market Stabilisation Facility (NEMSF).
UBA Capital halts African expansion on Ebola concerns
UBA Capital Plc, an investment and asset management arm of United Bank for Africa, will halt its African expansion plan on concern about the spread of the outbreak of Ebola.
Fraud: AfDB imposes 3-yr ban, $18m fine on Chinese firm
Africa Development Bank (AfDB) has imposed a three year debarment on China First Highway Engineering Co. Ltd. following its admission of fraudulent and collusive practices in an AfDB-financed project. The bank also levied a financial penalty of $18.86 million on the company to support anti-corruption projects on the continent.
FG explains challenges in 2014 budgets
The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday named oil pipeline vandalism as one of the challenges in the achievements of revenue projections for 2014 budget.
