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 […]
There is need to review all ports concessions — NPA boss
Last Wednesday, the Managing Director of Nigeria Ports Authority, Alhaji Habib Abdullahi had an interactive session with select Business Editors in Lagos.
Africa Empowered: Akinwunmi Adesina
AKINWUNMI Adesina has worn many different hats at global institutions of varying sizes in his career. His appointment as President of the African Development Bank Group is his first outing in a financial institution.
Oni joins FirstBank Board, Odubola retires
First Bank of Nigeria Limited has announced the appointment of Dr. Remi Oni to its Board of Directors as Executive Director, Corporate Banking, effective April 15, 2016 and the retirement of Mr. Abiodun Odubola from its Board as Executive Director/CRO, effective June 30, 2016. Odubola’s retirement is to enable him pursue his personal interests.
Economic summit: Elephant goes into labour, delivers mouse – 3
By Dele Sobowale NOTE: Last week the series ended abruptly in the middle of the paragraph below. Readers were therefore deprived of the benefit of the entire argument. This is the reason for extending this article to a third part. Fortunately, there has been a later development which needed to be incorporated in our evaluation […]
Access Bank remains committed to increased growth, profitability —Wigwe
Access Bank Plc has stated its commitment to increased growth and profitability in order to enhance shareholders’ value in the current financial year 2016.
FIRS registers 362,000 new tax payers
The Federal Inland Revenue Service (FIRS) said in Abuja that it registered 362,000 new taxpayers across the country within the last few months.
NPA loses 10 % revenue as vessel traffic drops
Managing Director, Nigerian Ports Authority, NPA, Habib Abdullahi has said that a total of 20.626 million metric tons of refined petroleum products passed through the various ports into the country between January and December 2015. The figure showed a slight increase of 0.6 per cent over the amount of products imported into the country in 2014, which figure stood at 20.495 million metric tons.
CCNN laments forex difficulties, high operating cost
Cement Company of Northern Nigeria (CCNN) Plc has lamented the difficulty in securing Foreign Exchange, (Forex) and high operating cost as major factors affecting the manufacturing industry in the country, even as it recorded a turnover of N13.04 billion in 2015.
Nigeria Railway commences movement of coal by eastern line in June
The Nigeria Railway Corporation, NRC will from June begin to move coal freight through its eastern line running from Igumale in Benue State to the sea port in Port Harcourt.
Labour urges FG to withdraw dormant mining licences
ORGANISED Labour has called on the Federal Government to urgently revive the Iron and Steel sector of the nation’s economy to serve as catalyst to the country’s quest for industrialisation.
