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.

Hot this week

Stanbic IBTC Bank Nigeria PMI: New Order Growth Hits One-Year High in August

Nigerian companies increased business activity at a much faster...

Leadway Assurance Partners Orivon Unveils EEWYLA Program at LAUTECH

Oriyon International Limited, a livestock production and aggregation company focused...

Sovereign Trust Insurance Receives Recapitalisation Certificate from NAICOM

Sovereign Trust Insurance Plc (STI), one of Nigeria’s leading...

SanlamAllianz Nigeria Launches Proud Moments 2.0, Celebrates Achievements Worth Protecting

Riding on the resounding success of its foundational debut,...

Topics

NPA MD Seeks Greater Support from Stakeholders on Port Access

Hadiza Bala Usman, Managing Director, Nigerian Ports Authority (NPA)...

Global Demand for Air Cargo Up in June

The International Air Transport Association (IATA) released data for...

NDIC Initiates N47bn Payment to Heritage Bank Depositors

A liquidation dividend represents amount paid by the Corporation...

Global Airlines Financial Monitor: August 2016

The latest financial results from Q2 2016 point to...

GENCOs, TCN, DISCOs on War Path over Power Losses

Following the continuous worsening power outages the privatised Generating Power Companies (GENCOs), the Transmission Company of Nigeria (TCN) and the Distribution Power Companies (DISCOs) are now on each other’s neck over who bears the cost of power losses from evacuation points through the national grid to the distribution network. This is due to dilapidated facilities at both the transmission level and distribution network.

NPA MD Commends Buhari, FEC Over Release of Chibok Girls

The Managing Director, Nigerian Ports Authority (NPA), MsHadizaBala Usman...

NIA Breaks Ground for Building Project

The Nigerian Insurers Association (NIA), the umbrella body of...

Organic Solutions Trains 4,000 Skin-Care Givers on Formulation, Business Growth

R-L: Mr. Agudiegwu (seated), Chairman and Mrs. Gloria Agudiegwu...