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 […]
Oil prices creep up following positive data
Oil prices edged higher Friday amid resurgent demand in Asia and positive economic data in the United States and Europe that supported hopes the global economy is pulling out of recession.
Dollar recovers some gains amid renewed caution
The dollar traded mainly higher Friday as currency traders turned more cautious in the face of a struggling stock market and mixed economic news.
Cost of funds falls by 30% as N250bn inflow lifts interbank
Cost of funds in the interbank money market went down by 30 per cent following the inflow of N250 billion from excess crude revenue and Agriculture Credit fund
FCMB rolls out 250,000 Verve cards
First City Monument Bank (FCMB) Plc has produced and launched about 250,000 Verve Automated Teller Machine (ATM) debit cards for use by its customers
Banks commence retail trading of bonds on stock exchange
Banks treasurers under the aegis of have decided to commence retail trading of bonds on the stock exchange.
