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Jennete Ugo Anya
- January 27, 2025
Analysts Warn PenCom’s New Rules On CPs Could Stifle MSMEs
The National Pension Commission (PenCom) has introduced new requirements for Pension Fund Administrators (PFAs) investing in commercial papers (CPs), a move analysts warn could marginalise small businesses already grappling with limited access to affordable financing. PenCom, in a recent statement, explained that the new regulations aim to strengthen risk management in the investment of pension […]
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- December 4, 2024
PenCom Lifts Ban On PFAs Investment In Commercial Papers
The National Pension Commission (PenCom) has officially lifted its ban on Pension Fund Administrators (PFAs) investing in commercial papers, a move expected to significantly enhance Nigeria’s financial markets and offer PFAs more opportunities for portfolio diversification. The suspension, originally imposed in 2020 due to concerns about risk management practices and regulatory compliance in the issuance […]
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- October 29, 2024
PenCom Suspends All Pension Fund Investments In Commercial Papers
The National Pension Commission (PenCom) has mandated that Licensed Pension Fund Administrators (LPFAs) and Custodian Funds halt all investments in commercial papers managed by non-banking capital market operators. This directive was issued in a recent circular (Reference: PENCOM/TECH/ISD/2024/402) dated October 23, 2024, signed by A.M. Saleem, Head of PenCom’s Surveillance Department, and addressed to the […]
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- October 3, 2024
PenCom Sanctions Merger Of ARM, Access Pensions
The National Pension Commission (PenCom) has granted approval for the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited. This merger has resulted in the creation of a new entity named Access ARM Pensions Limited. In a statement released recently, PenCom emphasised that the merger is expected to enhance operational efficiency and deliver […]
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