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Stanbic IBTC Pensions Harps on Benefits of Data Recapture Exercise
In order to enhance seamless operations and improve customers’ experience, Stanbic IBTC Pensions Managers Limited has enjoined employers to ensure that their employees participate in the on-going Data Recapture Exercise being undertaken for the company’s enrollees.
Speaking at the Stanbic IBTC Pension Employers’ Forum held recently in Abuja, Mr Eric Fajemisin, Chief Executive, Stanbic IBTC Pension Managers Limited (SIPML), urged employees to always update their information with their Pension Fund Administrators to facilitate easy access to their retirement benefits.
Mr Fajemisin stressed that organisations should encourage their employees to leverage the Enhanced Contributor Registration System, newly deployed by the National Pension Commission, to ensure that their data was up to date.
The Data Recapture Exercise was introduced to enable Pension Fund Administrators obtain complete and accurate data of all Retirement Savings Account holders (both active and retired), in line with the provisions of Section 23 (e) of the Pension Reform Act 2014.
The 2019 edition of the Stanbic IBTC Employers’ Forum had earlier held in Lagos and Port Harcourt on October 29 and November 7 respectively.
In Lagos, Mr Fajemisin, who was represented by the Executive Director, Business Development Directorate, SIPML, Mrs Nike Bajomo, stressed that the importance of data cannot be overemphasised in the pension industry as data is currently being used to sanitize the industry.
He said: “If there was a golden thread that ties discussions in the pensions industry today, it is integrity. It is at the heart of the most of the changes that are taking place in the industry and its importance cannot be overemphasised.”
He however, lamented that some workers take part in the Data Recapture Exercise only when they are close to retirement, or after they have retired, thereby making the process a bit cumbersome for them.
“The Data Recapture Exercise has been a reoccurring decimal in many of the conversations that we have had this year. We are glad that some organisations had been successfully on-boarded to the Enhanced Contribution Registration System”, Mr Fajemisin added.
He stated that the pensions industry in Nigeria is being digitised to enable customers enjoy seamless services through various digital platform. Speaking in the same vein, the Acting Director General, National Pension Commission (PenCom), Hajia Aisha Dahir-Umar, stressed that the Data Recapture Exercise is very critical because it speaks to the integrity of the pension industry.
Dahir-Umar, who was represented by the Deputy Zonal Head, PenCom, South-West Zonal Office, Mr. Sola Adeseun, added that the commission intends to use the data recapture exercise to effectively sanitize the pensions industry.
According to her, “After this industry sanitization is done, we will ensure that the Transfer Credit System, otherwise known as the transfer window, where RSA holders can easily change their PFAs, would become operational in the first quarter of 2020.”
Since it was introduced, membership of the Contributory Pension Scheme (CPS) had grown from 6.9 million subscribers in June 2014 to 8.85 million subscribers as of September 2019.
Stanbic IBTC Employers’ Forum is an interactive forum where challenges and trends in the industry are brought to the front burner. It is also a platform to explore possible ways, options and opportunities to strengthen the Nigerian pension industry.
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NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
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Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
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NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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