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 […]
Stop giving customers mutilated notes, CBN warns banks
THE Central Bank of Nigeria, CBN has warned that it would no longer tolerate complaints from commercial bank customers over payment of mutilated notes whereas mint notes found their way to the black marketers who sell them out for spraying at social functions.
Investors Speak:Shareholders explain why AGMs are sometimes rowdy
Annual General Meeting, AGM, is a platform where the Board of Directors of companies explains the activities and financial position of their companies for a particular financial year end to shareholders.
Can new CEOs re-energise banking?
The Nigeria banking industry is set to enter another era with the appointment of new chief executives by four banks. The banks are Access Bank Plc, Fidelity Bank Plc, Zenith Bank Plc and Skye Bank Plc.
AfDB boosts climate change projects with N1bn fund
The African Development Bank (AfDB) has created a N1 billion fund to support climate change projects in African countries.
Laws and processes for payment of taxes collectible by the Federal Inland Revenue Service (2)
Applicable tax law : Withholding Tax (WHT) is not a distinct tax type and therefore has no legislation of its own. It is only a mechanism for the collection of other taxes. Consequently, its application is provided for in the enabling law of other tax types i.e. Section 81 of Company Income Tax Act, Section 54 of Petroleum Profit Tax Act, Section 73 of Personal Income Tax Act and Section 13 of Value Added Tax Act
