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Nigeria's pension assets have surged by 51% over two years, reaching $22.8 billion (N31.48 trillion), according to the pension regulator. This significant growth reflects a robust expansion in the country's pension sector.
The Director-General of Nigeria's National Pension Commission (PenCom), Omolola Oloworaran, announced that the proposed Pension Industry Infrastructure Fund is in its final stages of implementation. This initiative aims to channel pension funds into infrastructure development.
The Nigerian government is preparing to evacuate its citizens from South Africa following xenophobic attacks, while a business group advises against retaliatory actions targeting South African firms in Nigeria.