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Trustfund Pension Declares 55 Kobo Per Share Dividend

Published

2 months ago

June 9, 2025

Trustfund Pensions Declares 55 Kobo Dividend Following Strong FY 2024 Performance

Abuja, Nigeria – Trustfund Pensions Limited has declared a dividend of 55 kobo per share for the 2024 financial year, following a strong performance across key financial metrics. The announcement was made during the company’s 16th Annual General Meeting held on Friday, May 30, 2025, at Fraser Suites, Abuja.

In a statement released after the meeting, the Pension Fund Administrator (PFA) said the dividend was approved by shareholders as a recognition of the company’s solid financial results and ongoing commitment to delivering value to investors.

“In recognition of this outstanding performance, the Board of Directors proposed, and the shareholders approved, a dividend payout of 55 kobo per share. This reaffirms Trustfund’s consistent focus on rewarding investors while maintaining strategic reinvestment for future growth,” the company said.

Financial Highlights

For the year ended December 31, 2024, Trustfund Pensions recorded robust growth despite challenging macroeconomic conditions:

Assets Under Management (AUM) rose by 19%, from ₦1.03 trillion in 2023 to over ₦1.23 trillion in 2024.
Profit Before Tax increased by 46% to ₦3.8 billion.
Profit After Tax jumped 48% to ₦2.5 billion.
Shareholders’ Funds grew by 12% to ₦23 billion, significantly surpassing the ₦5 billion regulatory minimum for PFAs.

The company described these results as evidence of its resilience and strategic foresight.

“Trustfund Pensions Limited has once again demonstrated its resilience and strategic strength with a robust financial performance for the year ended December 31, 2024,” the statement noted.

Positioned for the Future

The company emphasized that its strong capital base, dynamic workforce, and strategic investments position it to lead the next phase of growth in Nigeria’s pension industry.

Managing Director and CEO, Mr. Uche Ihechere, attributed the year’s success to sound investment decisions, operational efficiency, and the guidance of a proactive board.

“Across all performance indices, we recorded double-digit growth. This is not the outcome of a PFA resting on its laurels, but the result of a management team fully engaged with its responsibilities,” he said.

Despite the impressive performance, Ihechere highlighted ongoing challenges, particularly the limited availability of viable, inflation-beating investment opportunities in the Nigerian market.

“We are not deal creators; we invest in deals. The pipeline of quality investment opportunities is not expanding, and the spaces where we can generate high returns remain limited,” he added.

Support for Pension Reform and Industry Growth

Ihechere also endorsed the Federal Government’s proposed ₦758 billion bond aimed at clearing outstanding pension liabilities, describing it as a significant step toward improving the welfare of retirees.

He praised the National Pension Commission (PenCom) for its regulatory role but urged the agency to shift focus toward market expansion and increased participation.

“With fewer than 11 million Nigerians enrolled in the pension scheme out of a population of over 230 million, there is an urgent need to expand coverage across both the public and private sectors,” he said.

jobs

We’re Hiring: Video Editor (Remote – Internship/Stipend Role)

Published

3 hours ago

July 27, 2025

globa_admin

Location: Remote
Stipend: ₦50,000 Monthly

Role Overview:

We’re looking for a creative and motivated Video Editor to join our dynamic team! If you’re passionate about social media, storytelling through visuals, and creating short-form content that captures attention, we want to hear from you.

Key Responsibilities:

Edit engaging short-form videos tailored for various social media platforms.
Collaborate with the creative team to bring concepts to life through compelling visuals.
Ensure all videos are consistent with our brand identity and maintain a polished, on-trend aesthetic.
Stay updated with the latest trends in video editing, social media algorithms, and platform requirements to keep content fresh and relevant.

Requirements:

Proven experience in social media video editing — portfolio required.
Proficiency in tools such as Adobe Premiere Pro, DaVinci Resolve, Final Cut Pro, CapCut, InShot, or similar software.
Strong storytelling skills, attention to detail, and a creative mindset.
Willingness to learn and grow in a fast-paced agency environment.
Ideal for students or recent graduates looking to kickstart their creative career.

How to Apply:

Send your CV, cover letter, and a link to your video editing portfolio to:
[email protected]
Subject Line: Video Editor Application

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Apply Now: Unilever 2025 SHE Internship Program for Emerging Professionals

Published

8 hours ago

July 27, 2025

globa_admin

Kickstart Your Career in Safety, Health & Environment: Apply for the 2025 Unilever SHE Internship Program

Are you a recent graduate with a passion for safety, health, and environmental sustainability? Unilever, a global leader in consumer goods, invites aspiring professionals to apply for its 2025 SHE (Safety, Health & Environment) Internship Programme at the Anderbolt Factory in Boksburg, Gauteng.

This internship offers a unique opportunity to gain hands-on experience within a global company dedicated to creating safer workplaces and a more sustainable world. Interns will work alongside seasoned professionals and contribute to Unilever’s commitment to world-class SHE practices.

About the Program

The Unilever SHE Internship is designed to equip young South African graduates with practical skills and industry insight. Interns will support and learn from experienced teams involved in ensuring workplace safety, promoting health, and driving environmental compliance in a dynamic manufacturing environment.

Location: Anderbolt Factory, Boksburg, Gauteng
Duration: Full-time internship (duration unspecified)

Who Should Apply?

The program is ideal for recent graduates who hold a degree or diploma in any of the following fields:

Safety Management
Occupational Health
Environmental Management
Environmental or Life Sciences

You should also be:

Passionate about sustainability and SHE practices
Ready to work in a fast-paced industrial setting
Committed to making a positive impact on people and the planet

What You’ll Gain

Interns will benefit from:

Exposure to global SHE standards and practices
Participation in SHE audits, incident investigations, and risk assessments
Involvement in the development and execution of safety and sustainability programs
Real-time reporting and analysis of environmental performance metrics
Mentorship from industry leaders in one of Unilever’s key manufacturing facilities
A collaborative work environment focused on achieving a zero-harm culture

This is a fantastic chance to begin a meaningful career with a company that values innovation, safety, and social responsibility.

Ready to take the first step toward your SHE career?
[Click HERE to Apply]

jobs

2025/2026 Pharmacist Internship Program

Published

8 hours ago

July 27, 2025

globa_admin

Location: Lagos & Abuja
Organization: Vastovers Group

Eligibility Criteria:

Are you a passionate and forward-thinking pharmacy graduate looking to build a strong foundation for your career? The Vastovers Group invites qualified candidates to apply for its Pharmacist Internship Program for the 2025/2026 cycle.

Applicants must:

Possess a valid Pharmacist Oath-Taking Certificate issued by the Pharmacists Council of Nigeria (PCN)
Be teachable, with a willingness to learn and grow in a dynamic environment
Demonstrate an entrepreneurial mindset and a proactive approach to professional development (added advantage)
Be prepared to participate in a screening process; only successful candidates will be admitted into the academy