LCFE and PenCom Collaborate to Explore Pension Fund Investments in Gold-Backed Securities
The Lagos Commodities and Futures Exchange (LCFE) and the National Pension Commission (PenCom) held a forum to discuss strategies for expanding investment opportunities in gold-backed securities in Nigeria. The event focused on regulatory changes allowing pension funds to invest in gold-backed instruments, marking a significant step in capital market development.
Key stakeholders from Nigeria's pension, financial, and commodities sectors explored the implications of these regulatory revisions and strategies to leverage gold-backed exchange-traded funds (ETFs) to boost pension fund participation. PenCom's Abdulqadir Dahiru praised the collaboration, emphasizing innovation and commitment to driving investment opportunities in the country.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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