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 …
Pension
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DevelopmentEconomyFinancePensionRegulation
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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 …
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Civil SocietyGovernanceLabour & EmploymentLagos NewsPensionSocial Welfare
Lagos Retirees, Families of Deceased Workers Lament Delay in Pension Payments
Some retirees and families of deceased civil servants in Lagos State have cried out over delays in the payment of pensions and gratuities owed to them. Many of them said …
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EconomyFinance & ServicesLabourNigeriaPensionRegulation
Pension Fund Operators Urge Workers to Update Records for Seamless Retirement Payments
The Pension Fund Operators of Nigeria (PenOp) has advised all participants in the Contributory Pension Scheme (CPS) to take part in the ongoing Data Recapture Exercise (DRE), stressing that the …