Business

Five PFAs control pension market, account for 54% of new RSAs

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 […]
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Emuwa: Banker with strategic focus on technology

Emuwa: Banker with strategic focus on technology

THE Managing Director/Chief Executive, Union Bank of Nigeria Plc, Mr. Emeka Emuwa, has emerged The Vanguard Editors’ pick for Banker of the Year, 2017, after a painstaking evaluation of outstanding performance track records of four other bank chiefs.

Nigeria should have adequate standards for manufacturing products — Red Star CEO

Nigeria should have adequate standards for manufacturing products — Red Star CEO

The Chief Executive Officer, CEO of Red Star Express Plc, Mr. Olusola Obabori, in this interview with Financial Vanguard spoke about how the company surmounted challenges in the operating environment especially the foreign exchange scarcity and the recession.
He also spoke about the company’s plan to raise further capital by way of rights issue, among others. Excerpts:

Six banks empower 4,092 customers with N770m

Six banks empower 4,092 customers with N770m

IN a bid to imbibe a saving  culture in Nigerians, facilitate financial inclusion and increase customer base, six banks spent about N770 million to empower 4092 customers through savings promotions in 2017.