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 […]
We have 3, 843 unutilized PAAR still on the system – NCS
ALTHOUGH criticised by disgruntled elements, importers through the Nigerian Ports have thrown their weight behind the new import guidelines, procedures and documentation requirements recently introduced by the Nigerian Customs,to facilitate trade, generate more revenue to the coffers of government and enhance synergies with stakeholders.
Nigeria consumed 250,000 tonnes of LPG in 2013 – PPMC
Nigerians consumed a paltry 30 per cent or 250,000 tonnes, out of the whopping 850,000 tonnes of Liquefied Petroleum Gas (LPG) reserved for domestic use last year.
FOU Zone C impounds 5,085 bags of rice
AS part of its anti-smuggling activities in the country, the Federal Operations Unit, FOU, Zone C of the Nigeria Customs Service, NCS, has impounded eight trucks containing 5,085 bags of illegally imported par-boiled rice valued at N140m.
FOU Zone A seizes 3,553 goods valued at N1.2bn
AFTER engaging in anti-smuggling activities geared towards maintaining its role as a flagship Command, the Federal Operations Unit Zone A Ikeja, Lagos in its anti-smuggling activities for the year ended January to December, 2013 has disclosed that it has made a total seizure of about 3,553 assorted prohibited goods valued at N1,294,211,018 with a payable duty of N227, 073, 983 and a Duty Paid Value DPV of N1,521,285,001.
SEC targets 100% market capitalisation contribution to GDP
The Securities and Exchange Commission, SEC, said it plans to grow the contribution of the Nigerian Stock Exchange, NSE, market capitalisation to the Gross Domestic Product, GDP, by over 100 percent in the next 10 years from 27 percent it presently contributes.
