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…]
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…]
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…]
… Eliminates bank transfer fees In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut[Read More…]
The Federal Government is engaging in consultations with the United States and World Trade Organisation (WTO) to find mutually beneficial solutions to the recent tariff measures announced by the Donald Trump administration. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole hinted at the consultations in a press statement[Read More…]
As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents. Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi[Read More…]
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the[Read More…]
Injunction and stay of execution Cargo remains under arrest In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]
