Pensions
Africa
AI-generated 23h
Nigerian Pension Funds Seek Asset Diversification
Nigeria's 32 trillion naira pension industry faces shortage of investable assets prompting funds to consider opportunities like the Dangote refinery. The Nigeria Police Force Pensions Limited explored refinery investments to sustain retirement returns. The move reflects pension sector's push for portfolio diversification.
Punch Nigeria · BusinessDay NG
Africa
AI-generated 23h
Nigeria Clears Pension Arrears for Retirees
Nigeria's federal government cleared 758 billion naira in inherited pension liabilities dating back to 2007, providing relief to 957,045 beneficiaries. University staff received 13.3 billion naira in loan disbursements for 7,450 workers. The clearance addressed decades of pension payment backlogs.
Punch Nigeria