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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Lagos establish commercial fish materials to Unilag

Lagos establish commercial fish materials to Unilag

As part of its effort to reduce the increasing unemployment in the state, the Lagos State Government has establish three commercial fish cages and pen culture system of size 5.7 x 4.8×2.1metres at the lagoon front of the University of Lagos (UNILAG).
The state also revealed that by the middle of the year, they will be producing there own fish feeds as a way of reducing the price of fish feeds in across the state.

BankPHB set to boost capital base

BankPHB set to boost capital base

Investors have continued to lament the long delay associated with the verification of share certificates by registrars among others.
The investors who daily besieged registrars of quoted companies in their thousands are faced with various difficulties, ranging from verification of their share certificates, dividend warrant enquiries, re-validation of their warrant and probate letter of administration.

Former Bank PHB MD, Atuche, asks court to quash charge against him

Former Bank PHB MD, Atuche, asks court to quash charge against him

Mr Francis Atuche, former Managing Director of Bank PHB, and Spring Bank’s former Managing Director, Charles Ojo, have asked a Federal High Court in Lagos to dismiss the corruption charges brought against them by the Economic and Financial Crimes Commission, EFCC.