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 […]
CIS to spotlight innovation, global market leadership
Digital innovation and global competitiveness in Nigeria’s capital market will take centre stage as the Chartered Institute of Stockbrokers (CIS) hosts its flagship event, the 2025 annual stockbrokers’ conference in Abuja.
Expert charges insurance, pension operators to cover informal sector
By Rosemary Iwunze The Managing Director/ Chief Executive Officer, Arthur Stevens Asset Management, Mr. Olatunde Amolegbe, have challenged operators in the insurance and pension sectors to come up with strategies that will bring the full informal sector under insurance and pension coverage. Amolegbe who gave the challenge at the 10th Annual Conference of the Nigerian […]
New tax laws: Incentive schemes must spur industrialisation — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has voiced the desire of the organised private sector (OPS) in Nigeria on how the incentives schemes in the newly enacted tax laws could be used to spur industrialisation in the country. President of LCCI, Gabriel Idahosa, made the declaration yesterday in Lagos, in his […]
FG pays out N330bn cash transfers to poor Nigerians — Edun
…Says to be provisioned in annual budgets By Emma Ujah, Abuja Bureau Chief The federal government has paid poor Nigerians the sum of N330 billion in cash transfers through the National Social Safety-net Coordinating Office. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this while briefing the press, in Abuja, […]
CSCS grows securities transactions by 138 % to N2.11 trn
The Central Securities Clearing System (CSCS) has recorded an impressive execution of N2.112 trillion in securities transactions between May and August 2025, representing a 138.44% increase compared to N885.93 billion recorded during the same period in 2024.
Turning Lagos forests into climate revenue asset – Netzence
In a bid to increase revenue for the country, Netzence sustainability Limited has said that baseline studies and carbon credits could transform Nigeria’s forests and gas flares into global climate-finance opportunities. speaking yesterday the Founder/ Chief Executive Officer of Netzence, Dr. Sadiq Sani said “Air pollution in Lagos has significant health and economic impacts. The […]
Stock market recoups losses, adds N310bn in value
The Nigerian stock market rose by 0.35 per cent on Thursday, resulting in a gain of N310 billion for investors.
CBN orders banks to secure approval for MD/CEOs’ successors six months before exit
The CBN mandated that banks must publicly disclose the appointment of successor MD/CEOs at least three months before the outgoing chief vacates office.
MAN commends FG for suspending 4% FOB levy by Customs
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has commended the Federal Government over the suspension of the 4% Free-on-Board charge on imports recently reintroduced by the Nigeria Customs Service (NCS), which came into effect on August 4, 2025. In a statement yesterday, Director General of MAN, Segun Ajayi-Kadir, said the move comes as a […]
Lokpobiri seeks regional energy integration to tackle $120bn import bill
By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri has called for a deeper regional integration to tackle the $120 billion energy import bill faced by African countries annually. Lokpobiri, who made the call at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum in Accra, Ghana, stressed […]
