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 […]
Sahara, Azimuth enter into joint venture
IN an effort to boost its upstream operations Sahara Energy Fields Ltd, a member of the Sahara Group, has announced the signing of a 50/50 joint venture agreement with Azimuth Limited, a private limited company currently registered in Bermuda.
This was disclosed during a media parley with Energy Correspondents in Lagos during the week.
I was making £40 monthly while civil servants were getting between £6 and £20 — Bartram Obidiozor
It has been proved time and time again that there is no stopping a man with a vision and determination. No obstacle is strong enough to stop him from achieving his set goal except death. So it was for Mr Bartram Achunike Obidiozor, the Chief Executive Officer of BB Photographers, Obosi, Anambra State, who despite his humble background, became a household name in some parts of the country.
More job losses to hit banks if…
The statement by the Central Bank of Nigeria (CBN) that the number of banks in the country may further shrink from 24 to 20 in a reform that is underway appears unsettling to some stakeholders in the banking industry who warn that the reform, if it becomes a reality, will bring about further loss of jobs.
‘Customs repositioned to tackle smugglers new techniques’
Federal Operations Unit (FOU), Zone A of the Nigerian Customs Service (NCS), saddled with the responsibility of curtailing smuggling, recently increased income-flow into the economy with N962million as Duty Paid Value (DPV) recorded within four months of operations.
2011 budget, oil prices and economic prospects
The budget for 2011 fiscal year, presented to the National Assembly by President Goodluck Jonathan, shows aggregate expenditure of N4.226 trillion, which represents 18.1 per cent reduction from the N5.159 trillion appropriated by the 2010 amendment and supplementary budgets.
BankPHB shareholders seek Jonathan’s help to recover N66m
Shareholders of Bank PHB Thursday sought President Goodluck Jonathan direct intervention in the activities of the bank to save them from losing N66 million shareholders and depositors funds.
Dangote Cement gets SON’s certification
The Standard Organisation of Nigeria (SON), Thursday awarded Dangote Cement Plc with NIS BS OHSAS 18001: 2007 and NIS 9001: 2008 Quality Management System certificates in recognition for meeting its standard.
Equities’ value on NSE up by N 86bn
The upward trend on the Nigerian Stock Exchange (NSE) continued Thursday, as the value of listed equities appreciated by N86.31 billion.
Nigerian gas to hit China
PetroChina’s first liquefied natural gas, LNG, cargo of the winter season, at about 70,000 tonnes, arrived in Shanghai from Peru on Tuesday, said a Chinese industry source.
Stock market indicators regain 1.08%
The Nigerian StocK Exchange (NSE) , Wednesday, urged all the stockbroking firms under sanction to forward the acknowledged copy of their responses to the meeting scheduled to be held at Association of Stockbroking Houses of Nigeria (ASHON) today (Thursday).
