In furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs). According a statement, the directive prohibits transacting[Read More…]
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday, advised governments at all levels to encourage domestic investors. Dangote, who gave the advice at the Taraba International Investment Summit (TARAVEST) 2025 held in Jalingo, contended that only local investors could attract foreign investors to the country. The[Read More…]
The Vatican on Friday announced that Pope Leo XIV’s inauguration will take place on May 18 with a mass in St. Peter’s Square, following his election to succeed Pope Francis. The ceremony is to take place at 10 a.m. (0800 GMT) on May 18 at the Vatican. [Read More…]
The National Pension Commission (PenCom) has stated that newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists. This was disclosed by the Director General of PenCom, Ms. Omolola Oloworaran, who led a delegation to the Nigerian Press Council in Abuja. Ms. Oloworaran expressed concerns over[Read More…]
An 18-member committee to oversee the implementation of the emergency rule in Rivers was set up by the Senate on Tuesday. President of the Senate, Godswill Akpabio, made the announcement at the resumption of sitting after the Easter recess. Akpabio stressed the need for having such[Read More…]
FirstBank, the West African premier bank and financial inclusion service provider, is proud to announce a strategic collaboration with EStars Education Africa Limited (EStars), a global leader in educational esports. Empowering the Next Generation of Esports Professionals The partnership provides a platform for[Read More…]
Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding performance in FY 2024. Speaking at the bank’s 37th Annual General Meeting (AGM) held virtually on Tuesday, April 29, 2025, the National Chairman of The Progressive[Read More…]
The United Bank for Africa (UBA) has declared a gross revenue of N3.19 trillion and a profit after tax of N767 billion for the 2024 financial year. Chairman, Board of Directors of UBA, Mr Tony Elumelu announced the feat at the bank’s 63rd Annual General Meeting (AGM) on Friday[Read More…]
Governor Lucky Aiyedatiwa has said that Ondo State is exploring opportunities to leverage pension funds for infrastructural development in the state. The Governor stated this when he received a delegation from the National Pension Commission (PenCom) led by the Director General, Ms. Omolola Oloworaran in Akure, recently.[Read More…]
The Federal Government says plans were underway to offset the N4 trillion debt owed to the Power Generation Companies (GenCos) for electricity generated. Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Mr Bolaji Tunji, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that[Read More…]
