The National Pension Commission (PenCom) has lifted the restriction on Licenced Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom in a circular said the decision seeks to facilitate capital raising and ensure continued market
Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, this is according to the World Bank’s latest International Debt Report shows. Interest payments surged by nearly a third
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to partner to implement insurance provisions for assets under public-private partnership arrangements, as outlined in the law. This was discussed during a courtesy visit of the
The House of Representatives has said that it recognises the vital role which the Pension Transitional Arrangement Directorate (PTAD) plays, especially in payment of pensions, gratuity and death benefits to retirees of the Federal Government exempted from the Contributory Pension
The Federal Republic of Nigeria has successfully priced US$2.2 billion in Eurobonds maturing in 2031 (6.5-year) and 2034 (10- year) in the international capital markets on 2 December 2024, with US$700 million and US$1.5 billion placed in the 2031 and
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