Business
Service Firm Pledges Competitive Returns For Customers

A pension service firm, Sigma Pensions, has expressed its commitment to improving services and sustaining competitive returns to customers.
The firm said in a statement that as at December 31, 2021, its capital was N5.5bn, surpassing the required N5bn minimum operating capital requirement stipulated by National Pension Commission.
In the statement, the Managing Director and Chief Executive Officer, Sigma Pensions, Mr Dave Uduanu, while speaking on his firm’s performance and recapitalisation said, “Last year was a good year for the company. We were able to recapitalise the company from internally-generated resources. We didn’t raise money from the public.
“Our earnings grew and our revenue grew as well. Furthermore, our assets under management grew between 13 to 15 per cent, which is strikingly above the industry average.”
He noted that Sigma Pensions had had an outstanding track record of delivering competitive returns in all the various classes of funds.
“One of the advantages of choosing Sigma Pensions is that we are one of the better performing managers in the market. Last year, five of our public funds were ranked among the top five in the industry, which is good, meaning that you get good returns on investment.
“We also have very good customer service. We are proactive, as we have deployed very good technology solutions to allow our customers to have seamless access to our services.
“So, on the balance, we are one of the top PFAs in terms of the key parameters of investment returns, customer service, and technology savviness. Also, we have a young and energetic workforce”, he added.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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