Newly licensed Pension Fund Administrator, Parthian Pensions Limited, has expressed confidence that it will meet and even surpass the new minimum recapitalisation requirement set by the National Pension Commission (PenCom) …
Pension
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BusinessEconomyNigeriaPensionRegulation
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EconomyFinanceGOVERNMENTLabourNigeriaPension
PenCom rebrands Micro Pension Plan to Personal Pension Plan
The National Pension Commission (PenCom) has announced that the rebranded Personal Pension Plan (PPP) has opened up new opportunities for Nigerians to make voluntary pension contributions, allowing Retirement Savings Account …
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DevelopmentEconomyFinancePensionRegulation
PenCom Says Recapitalisation Will Strengthen Pension Industry
The National Pension Commission (PenCom) has said its ongoing recapitalisation requirement for licensed pension fund operators is a strategic move to strengthen the financial base of the industry and safeguard …
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BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
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BusinessEconomyFinanceLifestyleMarketsPension
VG Pensions Appoints Lifestyle Influencer Hannah Usman as New Brand Ambassador
VG Pensions has announced lifestyle influencer Hannah Usman as its latest Brand Ambassador in a move designed to expand its reach and deepen engagement with Nigerians, particularly in the informal …
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EconomyFinanceGovernanceLabourPensionRegulation
PenCom Bans Cross-Shareholding in Pension Firms, Moves to Protect Contributors’ Funds
The National Pension Commission (PenCom) has released new guidelines banning significant cross-shareholding among Pension Fund Operators (PFOs). The move, which became effective immediately on Friday, is aimed at promoting transparency, …
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Economic DevelopmentFinanceGOVERNMENTPensionPoliciesSocial Welfare
FG Launches Pension-Backed Loan Scheme to Empower Retirees and Boost Financial Inclusion
The Federal Government has launched a new pension-backed loan scheme aimed at giving Nigerian retirees access to affordable credit and bringing them into the nation’s consumer credit system. The initiative, …
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BusinessEconomyFinance & ServicesInsurancePensionRegulation
Rex Insurance Chairman Urges Stronger Frameworks for Insurance and Pension Sectors
The Chairman of Rex Insurance Limited, Mr. Ike Chioke, has called for stronger frameworks in Nigeria’s insurance and pension industries to drive economic growth and deepen financial inclusion. Chioke, who …
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BusinessEconomyGovernanceInsuranceLagos NewsPension
Insurance and Pension Stakeholders Back NAIPE’s 10th Annual Conference in Lagos
Stakeholders in Nigeria’s insurance and pension industries have declared strong support for the 10th annual conference of the Nigerian Association of Insurance and Pension Editors (NAIPE), scheduled to take place …
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Corporate ServicesEconomyFinance & ServicesInsurance & Risk ManagementINVESTMENTNigeriaPension
Agusto & Co. Upgrades CrusaderSterling Pensions Rating to AA-(PFM)
Pan-African rating agency, Agusto & Co., has upgraded the rating of CrusaderSterling Pensions Limited from A+(PFM) to AA-(PFM), in recognition of its strong investment capacity, effective pension administration, and sound …