Access To Contracts: PenCom Pleads With Sanwo-Olu To Make PCC Mandatory

The Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, has proposed a partnership with Lagos State Government to make the Pension Clearance Certificate (PCC) a mandatory requirement for companies seeking Lagos State Government contracts and services, as practiced at the federal level. She made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House where she presented the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC), and to thank the governor for confirming his participation as special guest at…

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Elumelu: AFC Doing Better Than Envisaged

Chairman, United Bank for Africa (UBA), Mr. Tony Elumelu, has commended the tremendous progress recorded by the Africa Finance Corporation (AFC) under the successive chief executive officers since inception. In his remarks at the AFC Day in London recently, Elumelu, who is a founding member of the Corporation, described the current CEO of AFC, Samaila Zubairu, as a unifier and a great person. The Conference was Themed: ‘AFC As a Gateway to Global – Africa Trade and Investment.’ According to him, “as founders of AFC, we had big aspirations and…

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Q1’25: Fidelity Bank Grows PBT By 167.8% To N105.8bn

Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8 per cent compared to N39.5 billion in Q1’24. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2 per cent from N192.1 billion in the same period last year. Growth…

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Capital Formation: Coronation Registrars Charts Path To Sustainable Wealth

  With most Nigerians finding it difficult to save for the future due to several factors, the management of Coronation Registrars has identified the role investment in securities could play in capital formation. In a webinar themed, “The Role of Capital Formation and Dividend in Building Sustainable Wealth,” organised by the firm, the President and Chairman of Council, Institute of Capital Market Registrars, Oluseyi Owoturo, gave a direction on building sustainable wealth. Speaking on the importance of reinvesting dividends, he said dividends could be a good source of capital formation…

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Ibile Launches Zakat, Sadaqah Foundation To Empower Muslims

Dignitaries at the Ibile Muslim Community Zakat and Sadaqah Foundation public presentation on Saturday in Lagos.   The Ibile Muslim Community Zakat and Sadaqah Foundation was unveiled on Saturday to empower less privileged Muslims in Lagos and lift many others out of poverty. The foundation was launched at a public presentation sponsored by Lotus Bank in Lagos. According to the News Agency of Nigeria (NAN), the foundation is a new charitable organisation dedicated to promoting Zakat, Sadaqah, and Waqf to support those in need within the community. Zakat, the third…

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GTCO Announces 2024 Food And Drink Festival

  Guaranty Trust Holding Company Plc has announced the dates for the 2024 GTCO Food and Drink Festival. So also did the company announce the venue of the event in a statement it issued on Wednesday in Lagos State. The announcement marked the beginning of the process to the seventh edition of the most anticipated culinary festival in Africa. The event has been slated for April 26 to 28, 2024 at GTCentre, Plot 1, Water Corporation Drive, Oniru, Victoria Island, Lagos State. The GTCO Food and Drink Festival is widely…

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C&F Clinches Another Global Brand- Daikin Industries

Leading reputation capital consultancy and strategic communications leader in West Africa, C & F Porter Novelli, has been appointed to man- age the public relations account of Daikin Industries, a global leader in the manufacture of high-quality air conditioning, heating, ventilation, and refrigeration products (HVAC-R), across major African markets. Daikin Industries is the global leader in developing and manufacturing advanced, high-quality air conditioning, heating, ventilation, and refrigeration products (HVAC-R) and solutions for residential, commercial, and industrial applications. Founded in Japan in 1924, the company strives to combine expertise and experience…

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NEXIM Partners Fidelity Bank, Sapphital To Grow Nigeria’s Export Sector

As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business. The NEXA platform which was Launched with the support of Sapphital (a digital learning institute) in 2022, is designed to empower…

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Meet Olu Verheijen, President Tinubu’s Energy Adviser

President Bola Ahmed Tinubu has appointed Ms. Olu Verheijen as his adviser on the Energy sector, as part of recent appointments in key sectors of the economy. With nearly 20 years of experience, Ms Verheijen brings extensive knowledge and expertise in the oil, gas, power, and renewable energy sectors in sub-Saharan Africa. Her previous roles include serving as a Deal Lead at Shell, where she advised on gas commercialization and participated in multi-billion-dollar mergers and acquisitions transactions. She currently leads Latimer Energy, a consultancy firm specializing in energy sector investment…

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Micro Pension: EFInA Restates Importance For Informal Sector Workers

…As Contributions Hit N435.61m A major financial inclusion advocate, Enhancing Financial Innovation & Access (EFInA), has restated the need for informal sector practitioners to embrace opportunities in Micro Pension Plan. The advice came on the heels of most informal sector employees’ lack of interest in the scheme set up in 2019 to take care of their welfare after retirement from active work life. This is just as contributions under MPP have peaked at N435.61 million. The gradual input of the scheme to the economy shows that more Nigerians, both in…

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