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 […]
Nigeria’s oil, gas post gains, miss targets in 2025
By Udeme Akpan, Energy Editor Nigeria’s oil and gas industry recorded mixed performance marked with improvement in some indices marred by below expectation oil production, worsening gas flaring and dispute over the domestic fuel supply. Improved Upstream activity The rig count, an index of measuring activities in the upstream sector, recorded a rise of 63% year-on-year in 2025. […]
Zenith Bank injects N140m into tech ecosystem with Zecathon 5.0
Zenith Bank concluded the 2025 edition of its flagship innovation competition, Zecathon 5.0, at the Zenith Tech Fair. The event, which received thousands of applications and deployed a significant total of N140 million in prizes, was attended by dignitaries, including the founder and chairman of Zenith Bank Plc, Jim Ovia CFR, as well as Lagos State […]
Nigerian Tax Acts 2025 to benefit economy, citizens — NTPIC
Chairman of the National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the Nigerian Tax Reform Acts 2025 will significantly strengthen the economy while protecting citizens, describing the legislation as a major shift toward a more sustainable fiscal framework. In an article, Tegbe explained that the Acts represent a comprehensive overhaul of Nigeria’s fiscal […]
Kale warns: Discipline key to sustaining Nigeria’s economic stability
By Babajide Komolafe Group Chief Economist at Afreximbank, Dr Yemi Kale, has warned that Nigeria’s emerging macroeconomic stability could be short-lived without sustained policy discipline, stressing that credibility remains critical to attracting long-term capital and shielding the economy from external shocks. Speaking at the FirstBank 2026 Nigerian Economic Outlook session, Kale said recent improvements in inflation […]
Nigeria’s average oil output rises 7% to 1.652m bpd in 11 months
By Udeme Akpan, Energy Editor Nigeria’s average oil output, including condensate, increased year-on-year to 1.652 million barrels per day in the first 11 months of 2025, from 1.544 million bpd in the corresponding period of 2024, indicating a 7 percent increase. Despite this, Nigeria did not meet its 2025 budget target of 2.06 million bpd during […]
