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 […]
Leadway Pensure PFA celebrates 20 years of trust, service, Innovation
By Rosemary Iwunze Leadway Pensure PFA, a Pension Fund Administrator in Nigeria, proudly celebrates its 20th anniversary. This milestone marks two decades of trust, exceptional service delivery and value creation in its mission to protect the financial wellness of Nigerian workers. Over the last 20 years, the PFA has served thousands of customers across Nigeria […]
CBN: FATF grey list exit lifts naira, as reserves cross $43bn
The financial markets have responded positively to the Financial Action Task Force (FATF) removal of Nigeria from its grey list of countries with money laundering and terrorist financing risks. The naira, foreign reserves and investors’ confidence have soared to new heights.
Capital Market: T+2 settlement cycle begins November 28 —SEC
By Obas Esiedesa, Abuja The Securities and Ex change Commission (SEC) has announced that Nigeria’s capital market will officially transition to a T+2 (trade date plus two days) settlement cycle for equities transactions with effect from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. Hitherto, […]
NEM, Casava, Axa Mansard, SCIB, shines at 2025 Almond awards
By Rosemary Iwunze The 2025 Almond Insurance Industry Awards tagged ‘Recharged Edition’ has bestowed NEM Insurance Plc winner in the General Insurance Company of the Year Category. The event was held on Friday 7th November, at the Stable Event Center Lagos amidst pomp and pageantry. AXA Mansard clinched Life Insurance Company of the year. Casava […]
Nigeria’s economy expands 11th consecutive month
By Elizabeth Adegbesan Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria, CBN, Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN report, sectors that led the expansion include industry, service and agricultural sectors. The report stated: “The […]
