FCMB Pension is aiming to grow its total assets to 1.2 trillion naira by the end of this year. The company's managing director, Christopher Bajowa, announced the target during its 20th anniversary event in Abuja. They currently manage over 1.1 trillion naira and have paid out more than 200 billion naira to retirees.
Bajowa identified low contributor inclusion and naira instability as key hurdles. He said the new Personal Pension Plan is the next big growth area for expanding coverage. A former managing director, Bello Maccido, recounted the firm's start after the 2004 Pension Reform Act. He noted it reached profitability within five years.
Maccido praised the current management for growing assets into the trillions from a 72 billion...
The Minister of Innovation, Science, and Technology just met with billionaire businessman Prince Arthur Eze. Dr. Kingsley Tochukwu Udeh hosted him at the ministry headquarters in Abuja. The goal is to push science and tech as a core part of Nigeria's economic plans.
Minister Udeh said partnering with major business leaders is key to shaping policy and building support. He wants stronger ties with Chief Technology Officers across different industries. Prince Eze, who runs Atlas Oranto Petroleum, praised the minister's reform efforts. He pledged to back projects that boost technology, youth opportunities, and industrial growth.
Their talks centered on using homegrown innovation and new tech to speed up manufacturing and create jobs. The...
You can now play a demo of GTA: Vice City right in your web browser. A site called DOS Zone hosts the fan-made port, built with WebAssembly and open source tools like reVC. It runs on any device with a modern browser, no download or install required.
The browser version uses touch controls on mobile or keyboard and gamepad on PC. This is not an official Rockstar release. The demo lacks full game assets. To play the complete campaign, you must upload files from a legally owned copy of Vice City.
Even without those files, you can still explore the map, drive vehicles, and soak in the nostalgia directly through your browser.
The head of Taiwanese chip firm Etron has a sarcastic nickname for major memory makers. Chairman Lu Chao-Chun called DRAM suppliers like Samsung, SK hynix, and Micron the new Santa Claus. He says customers are now just grateful to get any supply allocated to them.
He blamed the current shortage on manufacturers not expanding capacity years ago when pandemic demand was low. Their focus was on recovering profits, not building more factories. Now, massive AI demand for high-bandwidth memory, or HBM, has created a huge bottleneck. This HBM is crucial for chips from NVIDIA and AMD, using up production lines.
The chairman says increasing output will take years. General PC products like laptops and GPUs are getting squeezed as a result...
MTN Nigeria says its hiring of Persons with Disabilities has more than doubled since 2021, reaching over two percent of its workforce. The telco made the announcement at an event for International Day of Persons with Disabilities at their headquarters. Executives like Chief HR Officer Esther Akinnukawe framed it as a structural business investment, not charity.
Akinnukawe cited facility upgrades like ramps and hearing loops, plus a dedicated customer system segment. She noted the ongoing IT Bridge Academy internship for PWDs. A company broadband officer, Egerton Idehen, called inclusion an economic necessity, pointing to an estimated 35 million Nigerians with disabilities.
A keynote speaker pushed companies to treat inclusion as a...
Chappal Energies just locked down a major 340 million dollar loan from a bunch of big banks. Their subsidiary, Chappal Investments Limited, secured the cash through a syndicate of international and African lenders. They also got another 90 million from a global commodities firm.
The company says getting this deal done in a tough market proves lenders' trust in their assets and management. The money will mainly refinance bridge loans used to buy Equinor's Nigeria assets. It will also fund ongoing field development and general operations across their portfolio.
This sets up a long-term financial structure matching their reserves. Chappal states that it strengthens their growth plan to become a pan-African energy player. They claim a...
President Tinubu just signed off on 758 billion naira to finally clear old pension debts. The National Pension Commission boss, Omolola Oloworaran, dropped the news at a Lagos summit. PenCom also forced a ton more cash from sketchy employers, with recoveries jumping 180 percent in a year.
The payment wiped out arrears for federal retirees dating back to 2007. A new program called Pension Boost 1.0 added billions to monthly payouts. The agency linked compliance to a required clearance certificate, which made recoveries shoot up to over four billion naira. Issuance of those certificates also saw a huge spike.
Other moves included raising capital rules for pension fund managers to cut shady dealings. They rebranded the micro pension plan...
IPMAN is telling every one of its members to buy fuel from the Dangote Refinery. The national president, Abubakar Maigandi, said the refinery currently has the best price. A new deal allows direct supply to registered IPMAN members. Free delivery to their stations everywhere starts in early 2026.
Maigandi claims the partnership will lower pump prices further. He praised Aliko Dangote for supporting federal policy. IPMAN controls most of the retail market and promises no fuel shortages for Nigerians. The statement credited President Tinubu's leadership adjustments in regulatory agencies for enabling the partnership.
The association also used the moment to push for payment of old debts. They reminded the new head of the NMDPRA about...
Marine industry figures are demanding a legal framework for the upcoming National Single Window project. They spoke at a Lagos event hosted by First Mediacon Network Limited for maritime journalists. Former ANLCA acting president Kayode Farinto argued that a law is essential to force agencies like Customs, SON, and NAFDAC to work together on the single digital platform. He said the law must punish agency CEOs who deliberately delay cargo or enable extortion.
Farinto pointed to the new tax laws creating a Tax Ombudsman as a helpful model. ANLCA vice president Segun Oduntan stressed the system must follow global standards to cut delays and port conflicts. A Customs spokesman, Abdullahi Maiwada, said the service uses digital tools to...
