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Pension remittance failures leave N29.84bn in limbo

Nearly N30 billion in pension contributions is currently stuck with Pension Fund Administrators (PFAs) instead of reaching employees’ accounts. The National Pension Commission (PenCom) attributes this N29.84 billion backlog to employer errors, such as inconsistent data and irregular schedules, which prevent the transfer of funds to individual Retirement Savings Accounts (RSA). Stanbic IBTC accounts for

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Repackaged expired products dominate Nigeria’s N34trn food market

In many Nigerian markets, food items are removed from branded packs and resold in nylon bags, buckets, and plastic cups. BusinessDay investigations found that many come from expired, near-expiry, or rejected factory stocks, fuelling a multi-billion-naira illegal trade that exposes consumers to health risks. SODIQ OJUROUNGBE writes By the roadside along the busy Iju-Ishaga Road

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Ambode’s return complicates Lagos APC succession race

With the Independent National Electoral Commission (INEC) timetable setting April 23 to May 30 for party primaries nationwide, the contest for the Lagos State governorship ticket of the ruling All Progressives Congress (APC) has entered a critical phase, with consultations, alignments and quiet power plays gathering pace. Ahead of the primary next month, among those

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