Business

Five PFAs control pension market, account for 54% of new RSAs

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 […]
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Customs pledges transparency,  innovative technologies

Customs pledges transparency,  innovative technologies

•Begins AI-driven training on revenue, others By Providence Ayanfeoluwa The Nigeria Customs service, NCS has commenced a capacity-building programme on Artificial Intelligence, AI-driven revenue generation, remittances and reconciliation as part of efforts to enhance transparency and efficiency in public financial management. Speaking at the event held in Abuja, Comptroller-General of Customs, Adewale Adeniyi, said the Service […]

Insurance industry records 47.3% growth in premium to N2.3trn

Insurance industry records 47.3% growth in premium to N2.3trn

By Rosemary Iwunze The insurance industry recorded a 47.3 per cent, Year-on-Year, YoY, growth in   Gross Premium Written, GPW,   to N2.301 trillion in 2025 from N1.558 trillion recorded in 2024. According to the insurance industry report released by the  The National Insurance Commission, NAICOM, disclosed this in its insurance industry report released yesterday.   The report also showed […]

FCMB taps cultural economy to drive inclusion at 2026 Ibadan festival

FCMB taps cultural economy to drive inclusion at 2026 Ibadan festival

First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […]