Five PFAs control pension market, account for 54% of new RSAs
•States still foot-dragging on CPS implementation By Rosemary Iwunze Five Pension Fund Administrators, PFAs, out of 18 licensed operators accounted for 54.41 per cent of new Retirement Savings Account, RSA, registrations in the first quarter of 2026, Q1’26, indicating continued concentration in Nigeria’s pension market. According to the Q1’26 industry report released by the National […]
‘Attracting FDI is a collective responsibility of govt & chambers of commerce’ – President ECCIMA
Sir Okey Nwadinobi is the President, Enugu Chambers of Commerce and Industry/ Managing Director, Dawn Functions. He speaks about new innovations that will thrill exhibitors and visitors to the forthcoming 22nd edition of Enugu International Trade Fair, and other issues on the economy
Federal produce inspection service, demands 15% export levy to boost operations
The Federal Produce Inspection Service, arm of the Federal Ministry of Commerce and Industry, has demanded for 15 per cent of export levy collected by the Service in respect of shipped export commodities to boost her operations.
Deutsche Boerse shareholders to hold majority holding in acquired NYSE
Deutsche Boerse and New York Stock Exchange (NYSE )Euronext announced the creation of the world’s largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.
KPMG highlights challenges of IFRS, tasks shareholders
As companies migrate to the new International Financial Reporting Standards (IFRS) as mandated by the regulatory bodies in the financial sector, shareholders have been warned to get themselves acquainted with the system in order to help them make favourable investment decisions.
FG set to limit importation of foreign products – TAPGUN
MORE ban is coming as the Federal Government is determined to limit importation of foreign Products into the country.
Only well capitalised MFBs will operate – CBN
The Central Bank of Nigeria, CBN, has said that only well capitalized microfinance banks, MFBs, that are ready to comply with rules and regulation will, henceforth, be allowed to operate in sector.
Stanbic IBTC Bank branch expansion drives products offerings
Awareness about Stanbic IBTC Bank’s product offerings has recorded significant growth in the market following its aggressive branch expansion in Nigeria, even as the bank makes plans to further widen its product and service range.
Food prices shoot up as sanctions bite in Cote d’Ivoire
Prices of food items in Cote d’Ivoire have shore up due to sanctions imposed on the country by international community.
Goldlink rakes N3.85b gross earnings in 3rd quarter
Goldlink Insurance Plc has announced a gross premium earning of N 4 billion as at the end of the nine months ended, September 30, 2010 just as the company settled N 775 million claims in the third quarter of last year.
SEC tasks AMERC members on stronger regulatory cooperation
The Chairperson, Africa Middle East Regional Committee (AMERC) of the International Organizations of Securities Commission (IOSCO) and Director General of the Nigeria’s Securities and Exchange Commission (SEC), Ms Arunma Oteh has stressed the need for stronger and better regulatory cooperation among members in order to compete globally.
