Business

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 […]
Visible Articles 5 10 15

CSOs declare support for NFIA Bill

Civil Society Organisations under the aegis of Civil Society Coalition against Corruption, CSCC, has given its support for the Nigerian Financial Intelligence Agency, NFIA, bill to be passed into law. This followed last week’s public hearing on a bill by the Senate.

Ministry discovers haven for illegal gold miners

THE Ministry of Mines and Steel Development, MMSD, had discovered a haven of illegal gold miners in Mailumba- Garin Gabas, Rafi Local Government Area of Niger State, where they make brisk business form the illicit trade.

Optimal model for privatizing Nigerian national refineries

An announcement has been made by the government regarding the privatization of national refineries whose implementation is slated for 2014. No doubt, the announcement has received mixed reactions from the public, depending on relative perception of the would-be ultimate winners and losers from this exercise.

NEITI regrets non-implementation of audit reports

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Mrs. Zainabe Ahmed, has said that the non-implementation of the finding and recommendations of NEITI Audit Reports remained a major challenge facing the agency.

Accessing shares of late shareholders 2

Most people are ignorant of the process. Even some stockbrokers are not fully acquainted with the process. Another challenge is the competence of the lawyer engaged for the process? The extended family culture also contributes to the problem, and finally is the legendary bureaucracy of the courts.

Transmission Company appoints new CEO

The Board of Transmission Company of Nigeria, TCN, has approved the appointment of Mr Mack Kast, as the new Managing Director and Chief Executive of the agency with immediate effect.

FG set to commission Durumi solar power

The Federal Government has completed arrangements to commission the solar-powered electrification project in Durumi, a surburb of Mpape in Bwari Area Council.

Watch Your “Sign” Language!

“NO EATING, NO SITTING. This is not a Visa Office. Management. Those were the menacing words that stared me in the face as I stepped into this very busy, ramshackle eatery on Molade Okoya Thomas Street, Victoria Island, Lagos.

FG, States, LGs share N6tr in 9 months

The three tiers of government shared N6 trillion from January to September from the federation account, while the federal government overspent its budget by N740 billion within the same period.
These were revealed in the Economic report for the first three quarters of the year released by the Central Bank of Nigeria (CBN)

Inability to get police buy-in hinders spread of NIID

The inability of the Nigerian Insurers Association, NIA, to get the Nigerian Police to buy into the Nigerian Insurance Industry Database, NIID, is hindering the spread of the NIID initiative in the country.

NSE: Shareholders seek implementation of VAT, stamp duty cancellation

Shareholders under the aegis of Association of Avid Shareholders, AAS, have called on the Federal Government to hasten the implementation of removal of Value Added Tax, VAT, and stamp duty from secondary market transactions, saying this will speed up actualisation of the Nigerian Stock Exchange, NSE’s $1 trillion capitalisation target by 2016.

Exit mobile version