Tag Archives: PENCOM

With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PenCom) and Nigerian Exchange Limited (NGX) have affirmed their commitment to further developing the securities lending facility. This was stated during the NGX Securities Lending workshop held on Wednesday, in collaboration with Central Securities Clearing ...

The National Pension Commission (PenCom) has approved N8.26 billion as death benefits to beneficiaries of 2,391 deceased employees during the third quarter of 2017. PenCom in its 2017 third quarter report posted on its website indicated that the approval in the quarter moved the cumulative death benefits payments to a total of N129.70 billion. PenCom said that the payment comprised ...

Despite several arrears of pension owed by federal and state governments, pension funds have risen to N7.5 trillion as at the end of December, 2017, up from N7.41 trillion it was at the end of November 2017. Although, the National Pension Commission (PenCom) is yet to release the December pension funds’ performance figure, credible sources in the pension sector disclosed ...

The Financial Reporting Council of Nigeria (FRCN) says the final review of the National Code of Corporate Governance (NCCG) will help to boost investors’ confidence in the economy. It said that the review of the code would also boost trade and investment in the country. Its Chairman, Board of Governing Council, Adetoun Sulaiman, expressed the optimism on the sideline of ...