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 […]
Oil propels Nigerian shares to 9-year peak
Nigerian stocks have jumped to a nine-year high as Africa’s biggest economy emerges from its worst recession in 25 years, buoyed by the high price of oil at $69 a barrel.
Nigerian Stock Exchange: FBNH, Sterling Bank top 46 stocks on gainers’ chart
Investors’ sentiment on the Nigerian Stock Exchange, NSE Tuesday remained positive with 46 stocks on the gainers chart as against 16 stocks that declined.
Nestle to sell US confectionary business to Ferrero for $2.9 bn
Nestle to sell US confectionary business to Ferrero for $2.9 bn
Nigeria earns N144.7bn from cashew export
LAGOS—THE National Cashew Association of Nigeria, NCAN, yesterday said Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other countries in 2017.
Hope rises for Ibom Deep Seaport as procurement process begins
There are indications that the construction of the Ibom Deep Seaport (IDSP) will soon start following the advertisement of the Request for Qualification (RFQ) from reputable private sector port operators in partnership with the Akwa Ibom State Government and the Federal Government.
