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 […]
CBN denies allocating $1.25bn for fuel import
The bank noted that the referenced figure of US$1.259 billion, as published in the CBN’s Q1 2025 Sectoral Utilisation of Foreign Exchange data, did not represent CBN disbursements.
FirstBank demonstrates effective assets and liability management with Eurobond Redemption
First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa and a leading financial inclusion service provider, has announced that it has redeemed its $350 million Eurobond upon maturity on 27 October 2025. The Eurobond was issued as Senior Notes in October 2020 at 8.625% with semi-annual coupon payments, which was 70% oversubscribed at […]
PTML Customs generates N116bn in Q3
By Cynthia Alo The Port and Terminal Multi-Services Limited (PTML) Command of the Nigeria Customs Service (NCS) generated N116.2 billion in revenue for the third quarter of 2025, Q3’25, representing a 34.3 per cent increase from the N86.5 billion recorded in the same period of 2024. Customs Area Controller of the Command, Comptroller Joe Anani, disclosed […]
Nigeria’s foreign inflow in stock market rises 846% to over N1trn
By Peter Egwuatu The Nigeria’s foreign portfolio inflow through the stock market increased sharply by 845.9% in two years as at September 2025, to N1.03 trillion against the figure of N108.93 billion in 2023. Conversely the foreign investment outflow increased by 443.6 % to N810.39 billion in the two year period as at September 2025 to […]
UBA to showcase power of digital marketing for SME growth at Business Series
United Bank for Africa (UBA) Plc is set to host another edition of the quarterly UBA Business Series, with the theme “Content that Converts: Building Influence and Driving Growth Through Strategic Marketing.” This edition, the final for the year, which will be held at the UBA Head Office, Marina Lagos, on Thursday, November 6th, 2025, underscores […]
