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 […]
Greed, major reason for fuel adulteration, MOMAN
Major Oil Marketers Association of Nigeria (MOMAN), has said that aside shortages and lack of patriotism, greed is the major reason for fuel adulteration and other petroleum products.
Sovereign Trust Insurance PBT drops by N402.59m
Sovereign Trust Insurance Plc said its profit before tax stood at N13.06 million as against N415.65 million achieved in the year 2008 while the total assets rose to N5.26 billion at the end of 2009 financial year as against N5.37 billion recorded in the year 2008.
Importation killing cocoa industry, FTN boss
FTN Cocoa Processors Plc, in the just ended PEARLS Award organised by the Nigerian Stock Market was honoured with the Agric/Agro Allied Sectorial Leadership Award, Akin Laoye, Executive Director of the company spoke with Princewill Ekwujuru on the award and other sundry issues in the agro-allied industry, especially the cocoa sector. Excerpts.
Cassava commercialisation gives farmers lifeline
Cassava value addition in Africa has offered women farmers another income stream, improving livelihoods and food security, and making them smile, thanks to the United States Agency for International Development-funded project tagged Unleashing the Power of Cassava (UPoCA).
Credit to economy rise by 8.5 per cent in August
Banking system credit to the economy rose by 8.5 per cent in August, says Central Bank of Nigeria. Similarly, currency in circulation rose by 1.7 per cent N1.09 trillion. According to the monthly economic report of the apex bank for August, “At N9,329.1 billion, aggregate banking system credit (net) to the domestic economy rose by […]
First Bank rewards 200 customers in Benin
First Bank Nigeria Plc has rewarded its customers, numbering 200 in Benin City, Edo in the fifth edition of its on-going golden anniversary promotion.
Dangote Flour declares N54.26bn turnover in third quarter
Dangote Flour Mills has declared a turnover of N54.26 billion for the nine months ended September 30, 2010, representing an increase of 15 per cent from N47.03 recorded in the corresponding period of 2009.
Attorney General commends ongoing reforms in capital market
The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Bello Adoke (SAN) has commended the efforts of the Director General (DG) of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh at re-organising the Commission and ensuring that operators in the capital market comply with best practices and international standards.
Etranzact reconstitutes Board
eTranzact International Plc has announced a reconstitution of it Board, with the the removal of the former Managing Director of Oceanic Bank International Plc, Mrs. Cecilia Ibru from its Board of Directors.
LCCI chief decries banks’ high interest rate
Chief Femi Deru, President, Lagos Chambers of Commerce and Industry (LCCI) on Wednesday said the prevailing high banks interest rate has hindered the nation’s economic growth.
