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 […]
BOI, USA partner to boost Agric sector
By Michael Eboh Government of the Unit ed States America (USA) has reiterated commitment to ensuring food security in Nigeria , as it announced its plan to partner with the Bank of Industry (BOI) in Nigeria to provide the much needed support and boost the country’s agriculture sector.
Dredging of River Niger to commence by July ending —NIWA
The dredging of the lower part   of River Niger will commence  by the end of July as against the earlier date of July 7, according to Mike Dike, General Manger, Engineering, National Inland Waterways Authority, NIWA.Dike disclosed on Tuesday in Lokoja that survey and other pre-dredging activities were currently going on along the portion of […]
De-Lords Securities sues Access Bank over N1.5bn margin facility
By Dotun Ibiwoye The effect of the meltdown in the capital market is gradually  surfacing, despite the return of the bullish trend in the market,  as a stockbroking firm, De-Lords Securities Limited has dragged Access Bank Plc to court for alleged breach of contract over a N1.5 billion margin facility granted it by the bank.
Equity trading on NSE dips by 30%
Michael Eboh A lull was recorded in equity trading on the Nigerian Stock Exchange (NSE), Monday, as trading on the shares of listed equities dipped by 29.6 per cent. Particularly, a turnover of 355.9 million shares valued at N2.95 billion was recorded in 11,058 deals in contrast to Friday’s turnover of 505.52 million shares valued […]
Cabotage: Slok partners Diamond bank on vessel acquisition
By Godfrey Bivbere The number of vessels in the nation’s fleet has been boosted with eight new additional ships recently acquired by Slok Nigeria Limited own by the immediate past Governor of Abia State, Chief Orji Uzor Kalu, in partnership with Diamond bank. The bank provided the company about N30,680,000.00 (US$260Million) with which it acquired […]
