1396 Results Found
Regulations for the Administration of Legacy Pension Assets
Ministry of Finance, Budget and National Planning, Nigeria
These regulations set out the rules for the administration of legacy pension assets; pension assets before the Pension Reform Act of 2004. The regulations also cover the administration of legacy real estate pension assets.
Nigeria • 2018 • Finance
Regulations for Compliance Officers
Ministry of Finance, Budget and National Planning, Nigeria
These regulations outline the requirements for appointments of compliance officers; responsibilities of the Board of Directors; the responsibilities of compliance officers; and the empowerment of compliance officers as well as other related matters.
Nigeria • 2009 • Finance
Regulation on Annuity Under the Pension Reform Act, 2004
Ministry of Finance, Budget and National Planning, Nigeria
This regulation follows the Pension Reform Act 2004 and covers annuity contracts, investment in annuity funds, returns on transactions and other related matters.
Nigeria • 2004 • Finance
Regulation for the Transfer of Retirement Savings Accounts (RSA)
Ministry of Finance, Budget and National Planning, Nigeria
This regulation follows the Pension Reform Act 2004 and seeks to ensure the seamless transfer of Retirement Savings Account from one pension fund administrator to another, the criteria for such transactions, and the penalties for violation of the RSA transfer processes to ensure full compliance with regulatory requirements.
Nigeria • 2020 • Finance
Public Procurement Act, 2007
Ministry of Finance, Budget and National Planning, Nigeria
This is an Act for the establishment of the National Council on Public Procurement and the Bureau of Public Procurement as the principal regulatory body to monitor and supervise public procurement in Nigeria in tandem with government policies, rules, regulations and standards and for other related matters.
Nigeria • 2007 • Finance
Pension Reform Act, 2004
Ministry of Finance, Budget and National Planning, Nigeria
This is an Act for the establishment of the contributory pension scheme in both the public and private sector; the establishment of the National Pension Commission outlying its functions, powers and management; the role of pension funds administrators and custodians; investment of pension fund; conflict resolutions; and other related matters.
Nigeria • 2004 • Finance
Pension Reform Act, 2014
Ministry of Finance, Budget and National Planning, Nigeria
This Act repeals the Pension Reform Act 2004 and enacts the Pension Reform Act 2014. The Act makes provisions for the establishment of the contributory pension scheme in both the public and private sector; the establishment of the National Pension Commission outlining its functions, powers and management; the role of pension funds administrators and custodians; investment of pension fund; conflict resolutions; and other related matters.
Nigeria • 2014 • Finance
Pension Fund Administrators ICT Guidelines
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines by the National Pension Commission is to ensure all pension fund administrators meet the minimum ICT requirements that will ensure efficiency and transparency in the pension system.
Nigeria • 2018 • Finance
Regulations for the Administration of Retirement and Terminal Benefits
Ministry of Finance, Budget and National Planning, Nigeria
These regulations set out the requirements, procedures and standards relating to the administration of retirements and terminal benefits including the framework and guidance for issues regarding retirements, deaths and missing persons.
Nigeria • 2018 • Finance
Rules on Infrastructure Funds
Ministry of Finance, Budget and National Planning, Nigeria
These rules cover eligibility criteria for infrastructural funds; conditions for establishing infrastructural funds; issuance of units; permissible investments; valuation and declaration of assets; fees and expenses; disclosures; and the duties of fund managers as well as other related matters.
Nigeria • 2015 • Finance
Implementation Guidelines on Retirement Savings Account: Multi-Fund Structure
Ministry of Finance, Budget and National Planning, Nigeria
The objective of these guidelines includes: to achieve an optimum return for pensioner’s savings account; provide adequate investment alternatives for contributors; to ensure the safety of investment assets by achieving adequate portfolio diversification.
Nigeria • 2018 • Finance
Royalty Rates for Minerals Produced in Nigeria
Ministry of Finance, Budget and National Planning, Nigeria
This document list the various rates for mineral produced in Nigeria by the Ministry of Mines and Steel Development.
Nigeria • 2015 • Finance
Revision of the Fees Structure in the Pension Industry
Ministry of Finance, Budget and National Planning, Nigeria
This document is a notification to licensed pension fund managers and stakeholders in the pension industry on the revised fees structure for the pension industry.
Nigeria • 2018 • Finance
Revised Regulation on Retiree Life Annuity Pursuant to the Pension Reform Act, 2014
Ministry of Finance, Budget and National Planning, Nigeria
This Act provides regulation for life annuity business in Nigeria including eligibility of insurance companies; application requirements; payment process; cancellation of Retiree Life Annuity contract; transfer of Retiree Life Annuity funds and assets; death of an annuitant; investment of Retiree Life Annuity funds; custody and safeguard of Retiree Life Annuity Assets; and complaint handling process and other related matters.
Nigeria • 2014 • Finance
The Investments and Securities Act, 2007
Ministry of Finance, Budget and National Planning, Nigeria
This Act provides for the establishment of the Securities and Exchange Commission; the repeal of the 1999 Act on Investments and Securities; the regulatory function of the Securities and Exchange Commission on the capital market; and for the provision of regulation for financial market investment in Nigeria such as Mergers and Take-overs as well as other related matters.
Nigeria • 2007 • Finance
Revised Guidelines on Group Life Insurance Policy for Employees
Ministry of Finance, Budget and National Planning, Nigeria
Following the Pension Reform Act 2014, these guidelines outline the rules and standards for the procurement and maintenance of group life insurance policy in Nigeria including the required documentation, operational terms, death of an employee, missing employees, settlement of claims, and other related matters.
Nigeria • 2017 • Finance
Framework for the Supervision of States and Local Government Pension Schemes
Ministry of Finance, Budget and National Planning, Nigeria
This document outlines the process for effective and efficient operations of state and local government pension schemes in Nigeria including the implementation process for contributory pension schemes; regulation and operation of other schemes; reporting requirements; the regulation and supervision framework as well as other related matters.
Nigeria • 2009 • Finance
Revised Fund Accounting Guidelines
Ministry of Finance, Budget and National Planning, Nigeria
The aims of these guidelines include ensuring accuracy and reliability of accounting books of pension funds operators in Nigeria; ensuring uniformity in record-keeping across the pension industry; and ensuring accounting records in the pension industry are in line with IFRS and FRC.
Nigeria • 2018 • Finance
Securities and Exchange Commission Rules and Regulations
Ministry of Finance, Budget and National Planning, Nigeria
The Securities and Exchange have outlined these regulations for the effective and efficient regulation of securities in Nigeria. The regulations cover registration of capital market operators; compliance requirements by capital market operators; regulation of public companies; regulation of capital market operators; and special provisions on brokers, underwriters, investment advisers rating agencies, and portfolio managers.
Nigeria • 2013 • Finance
National Pension Commission: Regimes of Sanctions and Penalties for Non/Late Submissions of Regulatory Returns
Ministry of Finance, Budget and National Planning, Nigeria
This document list the various penalties for non-compliance by operators in the pension industry on the submission of periodic returns to the National Pension Commission.
Nigeria • 2017 • Finance