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 […]
Gaslink to connect 2,000 industrial consumers
Gaslink Nigeria Limited, has projected to connect 2,000 industries in Lagos to its gas grid in the next two years (2013).
The Managing Director, Mr. Bolaji Osunsanya, disclosed this in a speech delivered during the company’s Customers’ Dinner and Award ceremony in Lagos.
Oteh to address foreign investors at Stanbic IBTC Conference
The profile of the capital market in Nigeria receives a significant boost as Stanbic IBTC Bank PLC and its stockbroking subsidiary Stanbic IBTC Stockbrokers Limited have concluded arrangements to host institutional investors in Lagos to meet with top rated corporate companies in West Africa.
Forward forex market good for economy – Rewane
The recently intro- duced foreignexchange forward market has been described as a good development for manu-facturers, importers and cross border borrowing.
10 bank mergers coming this year – CBN
The banking industry will experience the merger of 10 banks in a matter of weeks while two Islamic banks will open shop before the end of the year, says Central Bank of Nigeria.
Equities market jack up by N12bn in two days
The improvement in the transactions on the Nigerian Stock Exchange (NSE) continued Tuesday, as the value of investment in equities appreciated for the second day running by N12.05 billion.
Lagos High Court hears AdonaiNet case against NSE today
The Lagos High Court will this today continue hearing in a case of breach of contract instituted by AdonaiNet Nigeria, owners and operators of the Trade Alert , and the management of the Nigerian Stock Exchange (NSE).
Edo spends N2.3bn on salaries, pension arrears monthly – ex- Head of Service
FORMER Head of Service in Edo State, Dr. Simeon Imuokhemhe yesterday in Benin revealed that the Governor Adams Oshiomhole led government spends over N 2.3 billion monthly as cost of running government including payment of salaries, pension and overhead expenditure of the various ministries.
I don’t know how businesses of old survived without internet — ARTHUR ENERGY boss
No doubt, Information Technology continues to breach new knowledge boundaries all around the world. Today, ‘complicated’ professions like solar engineering now can be studied to near perfection on the internet.
Air Nigeria, Ethiopian Airlines codeshare partnership boosts travel options
The codeshare partnership between Air Nigeria and Ethiopian Airlines on November 10, 2010, took effect yesterday, with a pledge by the Nigerian carrier to boost travel options for travellers.
Oil surges by over $1 per barrel on Libyan unrest
Oil jumped by over one dollar a barrel on Monday, as violent clashes in OPEC-member Libya heightened fears of social unrest spreading across the Middle East and North Africa and disrupting supplies in the major oil-producing region.
