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.