PenCom: First Pension Custodian Acquires Access PFC

The National Pension Commission (PenCom) wishes to inform the general public and relevant Stakeholders that PenCom has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited.

The acquisition is the culmination of the divestment process by Access Pension Custodian Limited from the pension custody business, transfer of all assets under its custody to First Pension Custodian Limited and the return of its operating license to PenCom.

The Commission assures Stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry.

spot_img
spot_img
spot_img
spot_img

Hot this week

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

Mr. Emmanuel Ovaga, the Chief Executive Officer (CEO) of...

SERAP asks Akpabio, Abbas to Explain ₦1.3bn Allocation to ‘Fictitious Presidential Council’

The Socio-Economic Rights and Accountability Project (SERAP) has urged...

FG to IMF: Response to Recent Misrepresentations on Public Expenditure

The Federal Government has noted recent public commentary alleging...

Topics

Olam Agri Commits ₦6.5bn to Sustainable Social Investment in Nigeria  

L-R: The Lagos State Governor, Babajide Sanwo-Olu (right) and Olam...

West African Insurers Applaud Continental Re for Capacity Building in Anglophone Region

Mr. Ogadi Onwuaduegbo Regional Director for Anglophone West Africa Continental...

Red Star Plc Commended over Compliance

The Head of the Courier Regulatory Department (CRD) of...

Olashore Alumnus, Falana, Wins 2016 BET Awards

An Olashore International School Alumnus, Mr. Folarin Falana, popularly...

The RSA Transfer Window: An Assessment

It was a day long awaited, when the National...

Mobile Advertising Drives $53bn Revenue Boom

A new study released by IHS and Facebook's Audience...

Banks, Telcos Disagreement Hindering Mobile Money Services

The inability of banks and telecom operators to agree on modalities for mobile money operations is hindering the potential of such transactions in Nigeria, compared to the acclaimed success of M-pesa in Kenya. Mobile money transactions need legislations and approvals from both the Central Bank of Nigeria (CBN) which regulates the banking sector and the Nigerian Communications Commission (NCC) that oversees telecom services in the country. Giving an insight into the success of M-Pesa in Kenya at the Commonwealth Broadband Forum 2015 in Abuja, Mr. Joseph Tiampati Musuni, Principal Secretary, Ministry of Information, Communications and Technology, Kenya, said their country experienced a similar Banks-Telcos disagreement at the outset of mobile money services in Kenya. But he added that the government was able to facilitate an amicable and working arrangement between them to pave way for roll-out of the service.
spot_img

Related Articles

Popular Categories

spot_imgspot_img