Operators give investment conditions as pension funds hit N11.57tn

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines given to them by the National Pension Commission before rel

easing the growing funds in their custody for investment.

Latest figures obtained from PenCom on Tuesday revealed that the total funds under the Contributory Pension Scheme had risen to N11.57tn as of the end of September, of which N7.5tn had been invested in Federal Government’ securities. He said, “We felt the need to clarify a number of points; we would like to state that what is being referred to is a proposed infrastructure fund to be professionally managed by the Nigeria Sovereign Investment Authority.

“The discussions have centered around coming up with a structure that has a legal and commercial framework in place for this proposed infrastructure fund.“When and if the fund gets finalised, pension funds can decide if they will invest in the fund or not based on their individual risk appetite.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

EndBadGovernanceinNIGERIA Watch this Documentary on EndSARS protest, a timeline of events 👉 and also subscribe to the YouTube channel for more videos

Nigerian Youths!! We need to rise and speak for our right to EDUCATION. Also, we seek the total reform of NANS. The more we're kept out of school, the more time they get to recruit for 2023, which is not happening. NEXT EndSARS IS EndASUUStrike And: ReformNANS ASUU RT

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yobe earmarks N11.7b for road, market projects | The Guardian Nigeria News - Nigeria and World NewsYobe State Government has earmarked N11.7 billion for the execution of road and market projects across the state. The four roads to be constructed include Potiskum, Gashu’a and Geidam pavement reinforced roads, covering 12.8 kilometres.
Source: GuardianNigeria - 🏆 1. / 94 Read more »