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 […]
FG demands Nitel/Mtel privatisation within 60 days
The Federal Government on Monday directed the newly-inaugurated Management Board of Nitel/Mtel to consumate the privatisation process of the two establishments within 60 days. Vice-President Goodluck Jonathan gave the directive while inaugurating the board at the Presidential Villa, Abuja.
EFCC not debt collector, margin loans not criminal says CIS, ASHON
The Chartered Institute of Stockbrokers (CIS) and Association of Stockbrok ing Houses of Nigeria (ASHON), yesterday called on the Central Bank of Nigeria (CBN) to allow its members to restructure the N412.7 billion margin facilities indebted to banks since the share certificates that was used as collateral on the loan are still been warehoused by the banks.
Stakeholders say CBN action will affect funding of oil, gas sector
Some stakeholders in the Oil and Gas industry have said that the action of the Central Bank of Nigeria (CBN) will affect the ability of the sector to source its development funds. Some of the stakeholders told newsmen in Lagos on Tuesday that oil and gas firms might no longer be able to source funds for their upstream and downstream projects.
FG releases N22.4m to study air quality in six cities
The federal government has released N22.4 million to undertake air quality studies in six cities in Nigeria.Mr Ahmed Alfa, Deputy Director, Pollution Control, Federal Ministry of Environment, made the disclosure in Abuja on Tuesday .
LIRS seals off 4 companies for tax evasion
The Lagos State Inland Revenue Service (LIRS) on Tuesday sealed off four companies in the state for allegedly owing the state government about N173.8 million in tax liabilities.
