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 […]
Nigeria expands solar manufacturing to 300MW, targets 3.7GW hub
By Udeme Akpan, Energy Editor Nigeria is accelerating efforts to localise renewable energy manufacturing, increasing installed solar panel production capacity from 120 megawatts (MW) two years ago to about 300MW, with an additional 3.7 gigawatts (GW) in the pipeline as it positions itself as a West African hub. Managing Director of the Rural Electrification Agency (REA), […]
Nigeria’s Web3 ecosystem attracts $43m funding — Report
•Records $48.2m daily stablecoin volume •Developers account for 4% of global talent •Finance sector dominates with 89% of investments By Juliet Umeh Nigeria’s Web3 ecosystem recorded strong growth in 2025, attracting $43 million in funding, more than double the $20 million raised in 2024. This is according to the latest industry report from a venture capital […]
Nigeria, oil firms earn $4bn windfall from Middle East crisis
By Babajide Komolafe & Udeme Akpan There are indications that Nigeria and oil firms have earned about $4 billion from the rise in price of crude oil triggered by the US/Israel-Iran war now in its seventh week. The war that started on February 28th has so far lasted for 52 days as of yesterday. Vanguard […]
UK-Nigeria Trade Mission builds on state visit momentum to drive commercial outcomes
By Nkiruka Nnorom The UK has completed its first trade and investment mission to Nigeria since the recent state visit by President Bola Tinubu. It is focused on turning high level agreements into practical commercial opportunities for businesses in both countries. Supported by the UK Department for Business and Trade and delivered by DMA Invest in […]
Lasaco Assurance’s Rights Issue to close May 13
By Rosemary Iwunze Lasaco Assurance Plc wishes to inform shareholders and the investing public that its ongoing Rights Issue, duly approved by the Securities and Exchange Commission (SEC), is scheduled to close on May 13, 2026. This timeline provides eligible shareholders with sufficient opportunity to participate in the capital raising exercise. The offer comprises 9,236,321,546 […]
