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 […]
Customs Modernisation Project to upscale Ease-of-Doing-Business — Adeniyi
By Emma Ujah, Abuja Bureau Chief The Nigeria Customs Service Trade Modernisation Project will enhance ease of doing business, boost trade facilitation, revenue generation and raise the bar of national security. The Comptroller-General (CG) of Customs, Mr. Adewale Adeniyi, said this at the workshop for Journalists on the Nigeria Customs Service Trade Modernisation Project, in Abuja […]
Moniepoint maintains strong position in Nigeria’s agency banking
By Patrick Chidubem Moniepoint Microfinance Bank (Moniepoint MFB) has stated its resolve to maintain leading position in Nigeria’s agency banking space, positioning its track record and distinctive service model as a game-changer for the sector. The company also noted its commitment to deepen value creation across the entire ecosystem. Beyond service provision, the bank is positioning […]
Breweries defy economic hardship, record sharp rise in revenue
…As profit rises 117% to N317.2 bn •Our performance was led by Heineken beer – Nigerian Breweries •We take beer to ease frustration, stress – Consumers •It’s habit driven – Analysts •Helped by product re-pricing – Egbomeade By Peter Egwuatu Against the backdrop of rising costs of living and declining purchasing power, brewing companies have recorded sharp […]
MAN urges Lagos to simplify tax system to boost manufacturing
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has called on the Lagos State Government to simplify its tax structure to support industrial growth, reduce business bottlenecks and attract fresh investments into the manufacturing sector. Chairman of MAN Apapa Branch, Raphael Danilola, made the appeal during the association’s annual business luncheon held in Lagos with […]
NPA cargo throughput hits 32.38m tons, vessel tonnage up 19.5%
Nigeria’s maritime sector recorded strong growth in the first quarter of 2026, as the Nigerian Ports Authority, NPA, posted a 19.5 per cent increase in vessel tonnage to 46.75 million Gross Registered Tonnage, GRT, while cargo throughput rose to 32.38 million metric tons.
