Business

PenOp Elects Donald Onuoha as President, Unveils New Executive

Published

5 months ago

April 15, 2026

Preport

The Pension Fund Operators Association of Nigeria (PenOp) has announced the election of Mr. Donald Onuoha as its new President and Chairman of its Executive.

Donald is currently the Managing Director/Chief Executive Officer of Fidelity Pension Managers Limited.

He was elected by members of the Association to lead its Executive Committee and provide strategic direction for the pension industry.

The newly constituted Executive also includes Blessing Ogwu, MD/CEO of UBA Pensions Custodian Limited, as Vice President and Vice Chairman; Benjamin Okorie-Agidi, MD/CEO of TotalEnergies EP Nigeria CPFA Limited, as Treasurer; Ehis Uzenabor, MD/CEO of Shell Nigeria CPFA Limited, as Member and Chairman, Technical Committee; Aliyu Atiku, MD/CEO of NUPEMCO, as Member and Chairman, Legal, Regulatory and Ethics Committee; and Adeola Oyegbade, MD/CEO of GT Pension Managers Limited, as Member and Chairman, Branding and Communications Committee.

In his acceptance speech, Donald Onuoha thanked members for the confidence reposed in him, stating that he would continue to uphold the ideals of the pension industry while prioritising the interests of Retirement Savings Account (RSA) holders.

He added that he would work to deepen pension penetration, strengthen stakeholder engagement, and ensure the industry continues to contribute meaningfully to Nigeria’s economic development.

He also pledged to work closely with the Executive Committee and other stakeholders to sustain industry progress and drive initiatives that enhance transparency, trust, and efficiency across the pension ecosystem.

Speaking on the development, the Chief Executive Officer of PenOp, Anthonia Ifeanyi Okoro, said the emergence of the new leadership reflects the Association’s strong governance framework and commitment to continuity.

She noted that the smooth transition underscores the unity among operators and their shared objective of ensuring that the pension system delivers sustainable value to all Nigerians.

PenOp is the umbrella body for all licensed Pension Fund Administrators in Nigeria and remains committed to promoting a robust, transparent, and inclusive pension industry.

Related Topics:PenOp Elects Donald Onuoha as President Unveils New Executive

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Business

FG Continues NEMSAS Rollout, Strengthens Emergency Care and Hospital Infrastructure in Bauchi

Published

6 hours ago

September 21, 2026

Preport

The Federal Government has continued the nationwide rollout of the National Emergency Medical Services and Ambulance System (NEMSAS) with the deployment of new ambulances to selected health facilities in Bauchi State, alongside the unveiling of a Compressed Natural Gas (CNG) facility at the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH).

The interventions, unveiled by the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, are part of the implementation of the Renewed Hope Agenda of President Bola Ahmed Tinubu, through the Nigeria Health Sector Renewal Investment Initiative (NHSRII), particularly Pillar 4, which focuses on improving the health security of the nation.

The NEMSAS ambulances will strengthen emergency referrals across selected facilities, including Toro General Hospital, Gamawa Hospital, Federal Medical Centre, Misau, ATBUTH and the Fistula Centre in Ningi. The Bauchi deployment builds on the Federal Government’s continuing rollout of NEMSAS across the country, following recent deployments in Plateau and Ogun States.

Speaking at the event, Prof. Pate said timely access to emergency care is essential to saving lives, particularly in communities where distance and inadequate referral capacity can delay life-saving care. He urged beneficiary institutions to ensure the ambulances are properly utilised, maintained and integrated into referral pathways.

The Minister also highlighted the Federal Government’s broader investments in Bauchi’s health system, including the ongoing expansion of ATBUTH, the Federal Medical Centre in Misau, the North-East Vesicovaginal Fistula Centre in Ningi and the revitalisation of more than 100 primary healthcare centres through federal-state collaboration. Earlier in 2026, the Federal Government deployed approximately ₦10 billion worth of medical equipment, medicines, ambulances and maternity kits to health facilities across the state.

At ATBUTH, the newly unveiled CNG facility, aimed at improving the efficiency and sustainability of energy use within the hospital, forms part of efforts to strengthen the infrastructure that supports hospital operations. The ongoing expansion of the teaching hospital is expected to increase capacity for tertiary and specialised services. The Federal Government is also investing in advanced diagnostics and cancer care to bring specialised services closer to citizens and reduce the need for patients to travel outside the state for essential care.

Prof. Pate said the investments demonstrate the administration’s focus on translating policy commitments into practical improvements in the health system. He added that the Federal Government would continue to work with the Bauchi State Government, health institutions and other stakeholders to ensure that investments in emergency care, infrastructure and specialised services translate into improved access and better health outcomes for the people of Bauchi State.

The Federal Ministry of Health and Social Welfare remains committed to its mandate to save lives, reduce both physical and financial pain, and produce health for all Nigerians.

The post FG Continues NEMSAS Rollout, Strengthens Emergency Care and Hospital Infrastructure in Bauchi appeared first on Business Today NG.

Business

Nascon, Coronation, Jaiz Bank top stock pick this week

Published

14 hours ago

September 21, 2026

Preport

Nigerian stocks advanced by 2.9 per cent last week, lifted by bank and oil & gas equities. All the sector indexes appreciated during the week.

The main equity index has yielded 60.5 per cent so far this year.

“Recent broad-based declines have, however, brought several frontline and mid-cap stocks to more attractive entry levels. This could encourage some bargain-hunting during the week,” analysts at Meristem Securities said in a note ahead of the week.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

Nascon

Nascon tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the salt maker is 9.3, while the price-to-earnings (PE) ratio is 11.5x. Its 14-day relative strength index (RSI) is 6.9.

Coronation Insurance

Coronation appears on the pick on the basis of its attractive fundamentals. The NPR of the insurer is 22.7, while the PE ratio is 5.2x. The 14-day RSI is 55.4.