Finance
PenCom approves acquisition of Access Pension by First Pension Custodian
The National Pension Commission (PenCom) said it has approved the acquisition of Access Pension Custodian LTD a subsidiary of Access Bank, by First Pension Custodian Ltd., subsidiary of First Bank of Nigeria. The approval of the transaction was announced in a statement by the commission’s spokesman, Mr Abdulqadir Dahiru, in Lagos.
It said “PenCom wishes to inform the general public and relevant stakeholders that it has approved the acquisition of Access Pension Custodian Ltd. by First Pension Custodian Ltd. The acquisition is the culmination of the divestment process by Access Pension Custodian Ltd. from the pension custody business, transfer of all assets under its custody to First Pension Custodian Ltd. and the return of its operating licence to PenCom,”. The commission further assured stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry.
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance5 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market5 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG