Insurance companies collected N729.1 billion in premiums in the first three...
Insurance companies generated N729.1 billion in premiums during the first three quarters of 2023, marking a substantial increase of N196 billion compared to the N532.7 billion generated in the...
View Article“PFAs made N1.63 trillion single payment pension to 442,000 retirees in 15...
PenOp revealed that, as of the Q2, 442,000 retirees had received lump sum payments totalling N1.63 trillion within the pension Industry. The post “PFAs made N1.63 trillion single payment pension to...
View ArticleJob loss triggers N208.86 billion withdrawal from pension account by Q2 2023...
The Pension Fund Operators Association of Nigeria (PenOp) has disclosed that about N208.86 billion was released to about 475,230 Nigerians who lost their jobs as of the second quarter of 2023. The...
View ArticleSEC shuts Ready Finance Investors Limited over alleged “Covert Ponzi scheme”
The Securities and Exchange Commission (SEC) has sealed the office of a firm based in Abuja for engaging in illegal investment and other capital market activities. The post SEC shuts Ready Finance...
View ArticlePublic sector’s contribution to pension funds exceeds that of private sector...
The Public sector’s contribution to pension funds exceeds that of the private sector by N370 billion as of the second quarter of 2023, according to data from the PenOp. The post Public sector’s...
View ArticlePenCom Introduces Performance Measurement Benchmarks for PFAs and CPFAs
In a significant stride toward enhancing transparency and accountability within the Nigerian pension fund industry, the National Pension Commission (PenCom) last week released a comprehensive circular...
View Article“Pension fund assets rise to N17.658 trillion as at October’23”– PenCom
Data from the National PenCom reveals Nigeria’s pension fund assets rose to N17.658 trillion for the period ended 31st October 2023. The post “Pension fund assets rise to N17.658 trillion as at...
View ArticleTop 10 money market funds to look out for in 2024
As part of a list of short-term investment options, Money Market funds are a popular choice for investors seeking stability and liquidity. The post Top 10 money market funds to look out for in 2024...
View Article363-day OMO bills oversubscribed by N157 billion
The outcome of the first Open Market Operations (OMO) bills auction for 2024 reveals an oversubscription of N157 billion for the 363-day bills. The post 363-day OMO bills oversubscribed by N157 billion...
View Article‘Pension fund assets rise to N17.927 trillion as at November’23’ – PenCom
Data from the National Pension Commission (PenCom) reveals Nigeria’s pension fund assets rose to N17.927 trillion for the period ended 30th November 2023. The post ‘Pension fund assets rise to N17.927...
View ArticleSEC grants NASD approval for digital securities platform
SEC granted approval to NASD Plc to launch its N-DSP, powered by Blockstation, under the Regulatory Incubation (RI) Programme. The post SEC grants NASD approval for digital securities platform appeared...
View ArticlePFA Swap: 101,820 RSA contributors swap pension managers in 2023, highest on...
Since the National Pension Commission (PenCom) reopened the transfer window in Q4 2020, a total of 245,625 RSA holders have changed their pension administrators. The post PFA Swap: 101,820 RSA...
View ArticleLASG pays 16,340 retirees N57.7 billion pension benefit in five years
Lagos State government has recorded the payment of N57.7 billion in pension benefits to 16,340 retirees of the state since the beginning of Governor Babajide Sanwo-Olu’s administration in May 2019 till...
View ArticleBest performing Nigeria mutual funds in 2023
The Nigerian investment landscape maintained positive profits for investors in 2023, from the various capital market instruments to mutual funds. The post Best performing Nigeria mutual funds in 2023...
View ArticleFederal Government raises N381.2 billion through treasury bills in January 2024
In January 2024, the Federal Government raised about N381.219 billion through treasury bills (NT-Bills) issued on January 10 and 24. The post Federal Government raises N381.2 billion through treasury...
View ArticleNigeria’s pension industry gains N3.36 trillion in 2023, fastest growth on...
Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36 trillion from N14.99 trillion recorded as of the previous year. This represents a...
View ArticleFederal Government raises N418.197 billion in January 2024 bond auction
DMO has released the FGN bond auction result for January 2024. The post Federal Government raises N418.197 billion in January 2024 bond auction appeared first on Nairametrics.
View ArticleBenin Republic raises $750 million in first-ever dollar bonds as demand hit...
In its first-ever dollar-denominated bond issuance, the Benin Republic has achieved a significant milestone, as it recorded a subscription of $5 billion, even as the country raised only $750 million...
View ArticleSome retirees receive as low as N450 as monthly pension – NUP
In certain states of the federation, retirees are receiving remarkably low monthly pension payments, some as little as N450, N500, and N1,000, as highlighted by the Nigerian Union of Pensioners (NUP)....
View ArticleLagos Govt to disburse N3.1 billion to over 1,000 retirees next week –...
The governor of Lagos State, Babajide Sanwo-Olu, has announced the plan of his administration to disburse a swooping N3.1 billion to over 1,000 retirees in the state in the coming week. The post...
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