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 exposure […]
Philip Clement Abuja The Financial Reporting Council, (FRC) is currently undertaking review of the financial statement of the Nigerian National Petroleum Corporation, NNPC, Banks, Pension Fund Administrators and Custodians to ensure compliance with the Financial Reporting Council Act. The Executive Secretary, Financial Reporting Council (FRC), Ambassador, Shuaibu Ahmed disclosed this in an interview in Abuja, […]
The Chairman, Kano State Pension Fund Trustees, Sani Gabasawa, has revealed that the state government owes retired workers the whopping N20 billion gratuities. Gabasawa made the disclosure to newsmen on Thursday in reaction to some allegations against the commission. He said the pension trustees has not been able to pay gratuities to retirees since 2016, […]
Mr. Ike Onyia has been appointed Managing Director/CEO of FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking & Asset Management Group. Mr. Onyia joins the firm with over 20 years’ experience in investment management and advisory. Prior to his appointment, he served as Managing Director of Fiducia Capital, a Securities and […]