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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OPS expresses frustration over high interest rate regime in 2017

OPS expresses frustration over high interest rate regime in 2017

The Organised Private Sector (OPS) Nigeria has expressed frustration over the high interest rate regime which persisted in 2017.  In their review of the outgoing year, Manufacturers Association of Nigeria, MAN;   Nigeria Employers Consultative Association, NECA; Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) noted that  their vigorous  advocacy for   single digit interest rate regime  in Nigeria, specifically five percent,  went  unheeded, and unfulfilled by the monetary policy.