Business

Five PFAs control pension market, account for 54% of new RSAs

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 […]
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Scarcity: Alison-Madueke gives 48-hour deadline

Scarcity: Alison-Madueke gives 48-hour deadline

To meet a 48-hour deadline to end fuel scarcity in Lagos, the Pipelines and Products Marketing Company, PPMC, said it will inject additional 110 million litres of petrol into the market this week.

Transformation Agenda: Upstream gas development and future challenges

Transformation Agenda: Upstream gas development and future challenges

The success of government’s transformation agenda relies on the progress made in power sector reforms, which in turn, depends on developments in natural gas production. At the inception of President Jonathan Goodluck’s administration, reform of the power sector was made a top priority, and thus the Presidential Task Force on Power was constituted.

Japanese agency to fund $10m FCT solar project

Japanese agency to fund $10m FCT solar project

Federal Capital Territory, FCT, Water Board, Lower Usman Dam, Bwari and the Japanese International Co-operation Agency, JICA has concluded plans to fund a $10 million solar powered plant. The plant will provide electricity for the treatment of water at the Lower Usman Dam in Bwari Area Council of the FCT.

FG advised to sell oil assets to indigenous investors

FG advised to sell oil assets to indigenous investors

Capital market operators and financial analysts have called on the Federal Government to sell oil assets to Nigerians and also offer some tax incentives that will enable the economy benefit from the huge billions of dollars the country is losing through oil companies operating in the country but are not listed on the Nigerian Stock Exchange, NSE.