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Pension funds could bridge Africa’s $200bn energy investment gap, says industry leaders

Africa’s $250 billion pension fund assets could be a game-changer for closing the continent’s widening oil and gas financing gap if channelled into critical energy infrastructure, industry leaders have said. Speaking at the African Refiners and Distributors Association (ARDA) Week Conference in Cape Town, Rene Awambeng, founder and managing partner of Premier Investment
Business

NAICOM inaugurates 2025 recapitalisation committee to drive industry stability

BY MOTOLANI OSENI The National Insurance Commission (NAICOM) has inaugurated an 11-member 2025 Recapitalisation Committee to oversee the implementation of the newly approved Nigeria Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Ahmed Tinubu. Chaired by Mrs. Oluwatoyin Charles, NAICOM’s Director of Supervision, the Committee is tasked with
Business

Pension assets hit N24.63trn in June — domestic stocks, FGN bonds drive growth

Nigeria’s pension fund assets rose to N24.63 trillion in June 2025, reflecting continued investor confidence and strategic shifts in portfolio allocation, according to the National Pension Commission (PenCom). The figure represents a 2.17 percent increase from N24.11 trillion in May, and a year-on-year growth of 20.24 percent. The uptrend was largely driven by increased
Business

Telecom infrastructure is not MTN’s property — it’s a national asset, says Ikeme

Ikenna Ikeme, general manager of regulatory affairs at MTN Nigeria, says telecommunications infrastructure should be treated as vital national assets — not just the property of telecom providers. Ikeme spoke in Lagos during an engagement with fellows of the MTN Media Innovation Programme. He said telecom infrastructure often comes under attack during disputes, with angry