Experts Back PFAs Participation In Dangote Refinery

Experts Back PFAs Participation In Dangote Refinery

Investment experts have commended the National Pension Commission (PenCom) for its approval allowing Pension Fund Administrators (PFAs) to invest pension assets in the planned Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. The experts spoke with the News Agency of Nigeria (NAN) in separate interviews on Tuesday. They said the development would deepen the capital market, boost long-term investments and provide pen…

PenCom waives rules to allow PFAs invest in Dangote Refinery IPO

National Pension Commission (NPC) has granted Pension Fund Administrators a one-off waiver to invest contributors’ funds in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals (FZE). The approval, issued in a circular to Pfas, temporarily removes requirements under Section 6.2.7.1 (iii) of the Revised Regulation on Investment The post PenCom waives rules to allow PFAs invest in Dangote Refinery IPO appeared first o…

PenCom clears Nigeria pension funds for Dangote refinery IPO

Nigeria's pension industry has been handed a rare invitation to back the most anticipated share sale in the country's history. The National Pension Commission, known as PenCom, has granted pension fund administrators a one-off waiver allowing them to invest retirement savings in the planned initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, the asset at the heart of Aliko Dangote's industrial empire.A rule built for ca…

Dangote Refinery IPO Eyes Nigeria’s N29.5tn Pension Assets

Nigeria’s pension industry has received a rare opportunity to invest in one of Africa’s most important industrial projects. The National Pension Commission has allowed pension funds to take part in the planned initial public offering of Dangote Petroleum Refinery and Petrochemicals. This decision lets part of Nigeria’s N29.5 trillion pension assets be invested in a … The post Dangote Refinery IPO Set to Benefit from Nigeria’s N29.5tn Pension Ass…