Nigeria’s pension industry is entering a new era of diversification as the National Pension Commission (PenCom) updates its investment regulations to enable Pension Fund Administrators to enhance contributors' returns.
The revised rules reduce over-dependence on federal government securities and allow pension fund administrators to explore a wider range of instruments, including exchange-traded derivatives, gold safekeeping receipts, agricultural funds, and repurchase agreements.
The latest iteration of investment regulations reflects the
