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Gold-Backed ETFs: The Next Big Frontier For Nigerian Pension Funds.
Pension Fund Administrators (PFAs) are set to expand their investment portfolios to include gold-backed securities, following renewed collaboration between regulators and operators in Nigeria’s pension and commodities sectors. The discussions, held at a strategic engagement session hosted by the Lagos Commodities and Futures Exchange (LCFE) in partnership with the National Pension Commission (PenCom), focused on operationalizing the new asset class through Nigeria’s commodities exchanges.....KINDLY READ THE FULL STORY HERE▶
The move follows the September 2025 revision of the Regulation on Investment of Pension Fund Assets, which formally permits pension funds to invest in gold-backed instruments. Experts attending the session described the regulatory update as a landmark step for capital market development, emphasizing its potential to enhance transparency, market liquidity, and long-term economic growth.
Panelists highlighted gold-backed Exchange-Traded Funds (ETFs) and other regulated commodities instruments as critical tools for portfolio diversification and sustainable wealth creation. Akin Akeredolu-Ale, Managing Director of LCFE, noted that the revised Section 5.9 of PENCOM’s investment regulation opens new avenues for PFAs to channel long-term funds into Nigeria’s real sector while promoting financial innovation and value creation.
Abdulqadir Dahiru, Head of Investment Supervision at PenCom, stressed that pension funds constitute the country’s largest pool of patient capital and that recognizing gold-backed instruments underscores PenCom’s confidence in the emerging commodities market framework. John Abutu, representing the Securities and Exchange Commission, highlighted the SEC’s proactive role in overseeing derivative trading, developing regulatory frameworks, and fostering investor confidence to support growth in Nigeria’s derivatives and commodities markets.
Panelists from leading pension and commodities institutions emphasized strategies for leveraging gold-backed securities to achieve portfolio diversification and sustainable returns, signaling a growing synergy between the pension industry and the commodities market. Analysts believe this development positions gold-backed investments as a stable, profitable asset class for institutional investors.
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Plateau Killings: Mutfwang Meets Former Governors, Stakeholders Over Insecurity.
Governor Caleb Mutfwang of Plateau State has convened a high-level security meeting with former governors and key stakeholders in a renewed effort to address the ongoing wave of violence in the state.....KINDLY READ THE FULL STORY HERE▶
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Brig-Gen Braimah’s Last Conversation With His Twin Brother Before Attack Emerge.
The late Brigadier General Oseni Braimah was reportedly on a phone call with his twin brother moments before he was killed during a terrorist attack on the 29 Task Force Brigade Headquarters in Benisheikh, Borno State.....KINDLY READ THE FULL STORY HERE▶
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Apostle Chibuzor Suspends Wedding Of Autistic Daughter Amid Public Backlash.
The founder of Omega Power Ministries, Apostle Chibuzor Chinyere, has suspended the planned marriage of his 21-year-old adopted daughter, Chiemeka Chibuzor, who is autistic, following an overwhelming number of applications from interested suitors.....KINDLY READ THE FULL STORY HERE▶
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