All Posts in "Day: March 14, 2023"

Leadway Pensure wins overall performance of PFA in W/A

By Favour Nnabugwu

 

 

Leadway Pensure PFA Limited, one of Nigeria’s foremost Pension Fund Administrator (PFA), has been named West Africa’s Most Outstanding PFA Brand of the Decade at the 2023 edition of the West Africa Brands Excellence Awards.

The award organisers recognised the leading PFA for its tenacious and extraordinary accomplishments, efficient service delivery, industry dominance, and customer satisfaction, through innovative and bespoke product portfolio, to its varying customers for over a decade across West Africa.

Speaking on the significant achievement, the Managing Director/Chief Executive Officer of Leadway Pensure PFA Limited, Lanre Idris, stated that the award adds to the potpourri of recognitions received by the brand for its stellar, unparalleled commitment and exceptional delivery of superior financial solutions to its customers.

“This award is a testament to the brand’s DNA and corporate culture hinged on sustained and impeccable service delivery, cutting edge and technology-driven pension solutions targeted at actualising the possibilities for ultimate customer satisfaction.

“Over the years, Leadway Pensure PFA envisioned delivering unrivalled pension services and financial security in retirement beyond the shores of our immediate community. This recognition is a validation that we are progressing in the right direction to steer the course gradually and tenaciously toward African dominance in the pension space. This is an unflinching commitment despite volatile economic realities on the continent and globally. We remain resolute in prioritising operational excellence and generating enviable investment returns for our customers.

“I commend our team for their tenacity, leadership, and excellence in ensuring that our promises to various stakeholders become realities. Riding on the famous assertion that the reward for hard work is more work, I will like to remind the team that this is also a clarion call to not relent but continually push the boundary for phenomenal outcomes”, he added.

Before this recognition, the brand has received multiple awards, such as “Africa’s Most Impactful Pension Fund Administrator of the Year 2022 by Africa Fintech Brands Innovation Awards 2022”, the “Innovative Pension Fund Administrator of the Decade by Marketing Edge Awards, and Summit 2022”, and the “Most Preferred Pension Fund Administrator of the Year 2022 by International Standard Excellence Award.

The West African Brand Excellence Awards are organised yearly by the Institute of Brand Management of Nigeria (IBMN) to recognise businesses’ extraordinary accomplishments in the year under review across the sub-region.

Leadway Pensure P.F.A., an associate company of Leadway Group, is a leading pension administration and fund management company for value-driven aspirational individuals, corporate organisations, and federal and state institutions. Leadway Pensure P.F.A. is built on exceptional expertise and transparency, enabling the organisation to deliver simple, coherent, efficient, and outstanding financial services to clients and stakeholders.

Patoma Admin by — March 14, 2023 in Pension 0
69,889 registered new as RSAs in Q4 2022

By Favour Nnabugwu

 

 

 

A total of 69,889 new Retirement Savings Accounts, RSAs were registered at the quarter ended 31 December 2022, according to National Pension Commission (PenCom)

“A total of 69,889 new RSAs were registered and the associated PINs issued to employees in different sectors, in the quarter ended 31 December 2022,” PenCom stated.

PenCom noted that the breakdown of new registrations into the CPS by age and gender within the quarter showed that out of a total of 69,889 registrations, about 84 per cent or 58,948 of them were below 40 years of age. stressing that out of this number, 31,836 or 45 per cent were below 30 years of age.

PenCom stated that 84 per cent of Retirement Savings Account (RSA) registration in the fourth quarter 2022 are below 40 years, an addication that the younger generation are actively being enlisted into the Contributory Pension scheme (CPS)

PenCom noted that 42,404 or about 61 per cent of those that registered during the quarter were males, thus sustaining dominance over the female gender in terms of registration into the scheme.

In all of these, five PFAs collectively held about 57 per cent of the 69,889 RSAs registered in the quarter under review

PenCom also analyses the distribution of RSA registrations across PFAs in the fourth quarter 2022, revealed that Stanbic IBTC continued to maintain the largest market share of 23 per cent with 16,006 new registrations, followed by ARM Pension Managers (PFA) Limited which had 10 per cent market share with 7,312 new registrations, while Leadway, Sigma and Premium PFAs followed with 9 per cent, 8 per cent 7 per cent market share respectively.

Patoma Admin by — March 14, 2023 in Pension 0
Nigeria to Launch the Investment in Digita, Creative Enterprises Program (i-DICE) today

By Favour Nnabugwu

 

 

 

Nigeria’s Vice President, Prof. Yemi Osinbajo, the President of the African Development Bank Dr. Akinwumi Adesina, and other partners will launch the Investment in Digital and Creative Enterprises (i-DICE) Program in Abuja on Tuesday, 14 March 2023.

The launch marks the rollout of a flagship initiative that will drive vital funding for Nigeria’s digital and creative industries. In addition to the leaders of government, corporations, and development finance institutions, the event will feature youth working in the digital technology and creative sectors, students, and investors.

i-DICE is a major step toward significantly upscaling entrepreneurship and innovation in digital technology and creative industries, which include film, fashion, and music.

The program is part of the federal government of Nigeria’s efforts to build back better, greener, and more inclusively, and to create sustainable jobs for its surging youth population. It will consolidate the country’s position as Africa’s leading start-up investment destination and youth entrepreneurship hub.

i-DICE is co-financed by the African Development Bank, the Islamic Development Bank and Agence Française de Développement. The federal government of Nigeria is providing counterpart finance through the Bank of Industry, which also serves as the executing agency. A steering committee chaired by the vice president’s office will oversee the initiative in cooperation with a technical committee made up of business leaders, and government ministries, departments, and agencies.

The DICE Fund, a venture capital outfit to be created under the program, will draw additional funding from institutional and other private investors.

Patoma Admin by — March 14, 2023 in Banking & Finance 0