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 […]
Gas supply rises 24.4% to 5. 1 metric tonnes daily — NMDPRA
•As retail price reduces to N1,400/Kg By Mariam Eko The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas increased on a month-on-month, MoM basis by 24 percent to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day in May 2026. This was disclosed in the data supplied by […]
AXA Mansard Health wins HMO of the Year award as sector records wider health insurance gains
AXA Mansard Health has been named Health Maintenance Organisation (HMO) of the Year by Afriglobal Medicare, a recognition that underscores the growing role of private health insurers in expanding access to quality healthcare as Nigeria records increased health insurance coverage under ongoing sector reforms. The award comes amid renewed efforts by the Federal Government and […]
Cornerstone grows insurance revenue by 34%
By Rosemary Iwunze Cornerstone Insurance Plc has grown its insurance revenue by 34 per cent for the year ended 31 December 2025, to N51.66 billion from N38.67 billion. Acting Chairman of the company, Mr. Afolabi Balogun, disclosed this at the company’s 34th Annual General Meeting in Lagos yesterday. Afolabi also disclosed that total assets of […]
Alert MFB grows assets to N50bn amid inflation, rising credit demand
Alert Microfinance Bank has recorded a 20-fold increase in total assets to N50 billion in three years, as rising inflation, naira depreciation and stronger demand for credit reshape Nigeria’s banking landscape.
Declining manufacturing tax signals weakening industrial activity — Oye
By Yinka Kolawole The Alliance for Economic Research and Ethics (AERE) has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria (CBN) to implement far-reaching reforms to revive the productive sector. In a policy brief, Chairman of […]
