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Premium Pension and Trustfund Pensions agreed to merge, creating a combined entity called Premium Trustfund Pensions LimitedThe merged firm will manage nearly N3.08 trillion in pension assets, ranking third among all PFAs in Nigeria by assets under managementPenCom set a June 2027 recapitalisation deadline, warning that any non-compliant PFA will have its operating licence revoked
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Two of Nigeria’s established pension fund managers, Premium Pension and Trustfund Pensions, have announced plans to merge into a single institution to be known as Premium Trustfund Pensions Limited, in a move that would create the country’s third-largest Pension Fund Administrator (PFA) by assets.
Premium Pension and Trustfund Pensions agree to merge Photo: Rosemary CalvertSource: Getty Images
Pension market merge
The merger notification was published through the Federal Competition and Consumer Protection Commission (FCCPC) and
