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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‘How Vision 20: 2020 will grow the economy’

‘How Vision 20: 2020 will grow the economy’

Mr. Elijah Sunday Ifot, a security expert is the managing director and chief executive officer, Elifot Sequip Limited. He speaks in this interview with Sunday Business on the need for government to secure the economic environment in order to achieve its Vision 20: 2020 target.

….Rakes in N80.5million

….Rakes in N80.5million

The Nigeria Customs Service (NCS), Ondo/Ekiti Command has raked in N80.5million in its operations from January to June 2011, just as it also garnered N15.2million in revenue generation for the month of July.

DHL Nigeria delivered blood, cord tissue samples to India within 48hrs

DHL Nigeria delivered blood, cord tissue samples to India within 48hrs

One of the leading express in the courier industry in Nigeria, DHL, in its unique operation towards offering first class services to Nigerian environs, had demonstrated another high level of world class professionalism when last week it successfully facilitated the delivery of samples of blood and cord tissue of a day-old baby from Lagos to Chennai, India.

Young lawyers tasked to show commitment to service

Young lawyers tasked to show commitment to service

Considering the high standard practice that goes on in law practice worldwide, the Nigerian young lawyers have been advised to take the profession serious and the only way to that is through hard working if they must take ownership of the profession in future when the senior ones retire.

Experts parley on policy, prospects in the downstream sector

Experts parley on policy, prospects in the downstream sector

Oil and gas experts have warned that the only way the country can tackle the crisis of interruptions and scarcity of petroleum products in the country is to address infrastructural challenges in the sector and ensure a credible process that would facilitate effective distribution of the products in the market.

World stocks slide further

World stocks slide further

Surprisingly robust US jobs data sparked only a brief rebound on Wall Street and in Europe on Friday, leaving investors scarred from a week of heavy losses brought on by slow growth and eurozone debt concerns.

Suspension: Omatek, UNTL submit 2010 financial results

Suspension: Omatek, UNTL submit 2010 financial results

In an apparent response to the suspension placed on trading of their shares on the floors of the Nigerian Stock Exchange, NSE, Omatek Ventures Plc and United Nigeria Textiles, UNTL, Plc have submitted their financial statements for the 2010 financial year.

FG plans to develop minerals, metal sectors for export

FG plans to develop minerals, metal sectors for export

Mr Musa Sada, the Minister of Mines and Steel Development has said that the Federal Government is determined to diversify the country’s revenue earning through the development of minerals and metals for export.