Business
Service Firm Pledges Competitive Returns For Customers
A pension service firm, Sigma Pensions, has expressed its commitment to improving services and sustaining competitive returns to customers.
The firm said in a statement that as at December 31, 2021, its capital was N5.5bn, surpassing the required N5bn minimum operating capital requirement stipulated by National Pension Commission.
In the statement, the Managing Director and Chief Executive Officer, Sigma Pensions, Mr Dave Uduanu, while speaking on his firm’s performance and recapitalisation said, “Last year was a good year for the company. We were able to recapitalise the company from internally-generated resources. We didn’t raise money from the public.
“Our earnings grew and our revenue grew as well. Furthermore, our assets under management grew between 13 to 15 per cent, which is strikingly above the industry average.”
He noted that Sigma Pensions had had an outstanding track record of delivering competitive returns in all the various classes of funds.
“One of the advantages of choosing Sigma Pensions is that we are one of the better performing managers in the market. Last year, five of our public funds were ranked among the top five in the industry, which is good, meaning that you get good returns on investment.
“We also have very good customer service. We are proactive, as we have deployed very good technology solutions to allow our customers to have seamless access to our services.
“So, on the balance, we are one of the top PFAs in terms of the key parameters of investment returns, customer service, and technology savviness. Also, we have a young and energetic workforce”, he added.
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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