First Guarantee Pension

Pension Fund Administrationfirstguaranteepension.com

First Guarantee Pension is a Lagos-based, privately held Nigerian pension services firm founded in 2006, offering retirement management, investment management, fund administration, and micro pension services to formal- and informal-sector contributors.

Company typePrivate
Founded2006
HeadquartersLagos, Nigeria
Headcount251–500
GTM typeB2B and B2C
OfferingServices

What First Guarantee Pension does

First Guarantee Pension is a Nigeria-based private financial services company headquartered in Lagos, founded in 2006, with a workforce of 251–500 employees. The firm provides a multi-line pension and retirement services offering that spans retirement management, investment management, fund administration, and micro pension services — the last of which targets Nigeria's informal-sector workforce that lies outside traditional employer-sponsored pension arrangements.

The company operates within Nigeria's regulated pension administration framework, serving both formal-sector retirement account holders and informal-sector contributors via its micro pension line. Its service architecture combines fiduciary administration with investment management capabilities, allowing it to capture multiple fee streams per client relationship across the retirement value chain.

Revenue mechanics are anchored to fees on assets under administration and management, typical of the licensed PFA model, though no revenue, AUM, or fee schedule is disclosed in the available data. No public ticker, parent entity, funding rounds, M&A activity, leadership roster, or partnerships are present in the source material, limiting visibility into ownership structure, growth capital, and strategic direction beyond the firm's stated service lines.

First Guarantee Pension firmographics

Firmographics

Name: First Guarantee Pension
Website: https://firstguaranteepension.com
Company type: Private
Founded year: 2006
Headcount range: 251–500 employees
Short description: First Guarantee Pension is a Lagos-based, privately held Nigerian pension services firm founded in 2006, offering retirement management, investment management, fund administration, and micro pension services to formal- and informal-sector contributors.
Ownership category
akta.pro rank

First Guarantee Pension industry classification

Industry

Product category: Pension Fund Administration
NAICS: Pension Funds (525110), Pension Funds (52511), Portfolio Management and Investment Advice (523940), Insurance and Employee Benefit Funds (5251)
akta.pro primary industry: Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
akta.pro secondary industries: Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

Pension fund administration
Retirement management services
Investment management services
Micro pension plans
Fund administration services

Where First Guarantee Pension is headquartered

Location

Headquarters

HQ city: Lagos
HQ country: Nigeria
HQ region: Africa

Markets served

First Guarantee Pension business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

Gaming Transaction Fees: Platform generates revenue through transaction fees on slot gambling gameplay, taking a percentage of player deposits and bets. Additional revenue from deposit bonuses that create house edge, and promotional offerings that drive player engagement and retention.
New Player Deposit Bonus: Offers 100% deposit bonus for new players, creating customer acquisition incentive while generating additional transaction volume

Pricing tiers

Model	Billing	Price
Unit Pricing	Pay-as-you-go	Standard Player Entry

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

First Guarantee Pension product offering

Product offering

Core offering

First Guarantee Pension provides retirement management, investment management, fund administration, and micro pension services. The firm operates as a pension fund administrator headquartered in Lagos, Nigeria, established in 2006, serving individual contributors and organizational clients with retirement savings and pension administration needs.

Differentiator

Problem solved

Functional benefit

Products and services

Retirement Management Retirement planning and pension scheme management service providing ongoing administration of retirement savings for contributors and employer-sponsored schemes.
Investment Management Professional investment management of pension fund assets, covering portfolio construction and management of retirement contributions on behalf of scheme members.
Fund Administration Back-office administration of pension funds including contribution processing, member recordkeeping, and regulatory reporting for retirement schemes.
Micro Pension Services Retail-facing micro pension product designed to enable individuals outside formal employment to participate in structured retirement savings and pension contributions.

Companies that use First Guarantee Pension

Customer profile

Named customers6 records

Segments1 record

Ideal customer profiles2 records

First Guarantee Pension technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

First Guarantee Pension partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

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Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

First Guarantee Pension competitors and assessment

Company assessment

Direct peers

Sigma Pensions: Licensed Nigerian PFA providing retirement management, investment management, and pension fund administration to corporate clients and RSA holders. Comparable scale and product breadth within the same regulatory framework.
AIICO Pension Managers: Nigerian PFA affiliated with AIICO Insurance offering retirement and pension fund administration services. Comparable as a licensed PFA serving the same RSA contributor base.
Investment One Pension Managers: Nigerian PFA within the Investment One group providing RSA management and pension fund administration. Comparable as a multi-product pension administrator in Nigeria.
ARM Pensions Managers: Nigerian PFA within the Asset & Resource Management group offering RSA management, micro pensions, and institutional fund administration. Comparable as a multi-line pension administrator competing for the same contributor pool.
Stanbic IBTC Pension Managers: One of Nigeria's largest licensed Pension Fund Administrators, offering retirement savings account management, fund administration, and investment management to corporate and individual contributors. Directly comparable as a Nigerian PFA serving the same regulated retirement market.
Trustfund Pensions: Licensed Nigerian PFA offering retirement savings and fund administration to individuals and corporates. Comparable as a same-category peer competing for contributors under PenCom oversight.
Leadway Pensure: Nigerian PFA backed by the Leadway Assurance group, offering retirement management and pension fund administration. Comparable as a mid-to-large PFA competing in the same Lagos-anchored market.
PAL Pensions: Nigerian PFA providing retirement savings management, fund administration, and investment services. Comparable product set and target market to First Guarantee Pension.
APT Pensions: Nigerian PFA offering retirement management, investment, and micro pension services. Comparable as a multi-line PFA with overlapping service offerings and similar regulatory obligations.

Broad incumbents

AXA Mansard Pensions: Pension administration arm of the broader AXA Mansard insurance and financial services group in Nigeria. Comparable as a PFA, with additional scale and balance sheet from an international insurance parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

First Guarantee Pension financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Guarantee Pension leadership team

Management profile

Number of profiles

First Guarantee Pension funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First Guarantee Pension M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Guarantee Pension

What does First Guarantee Pension do?

Is First Guarantee Pension a public or private company?

First Guarantee Pension is a private company. It is classified as unknown.

When was First Guarantee Pension founded?

First Guarantee Pension was founded in 2006. It employs 251 to 500 people.

Where is First Guarantee Pension based?

First Guarantee Pension is headquartered in Lagos, Nigeria, in the Africa region.

How does First Guarantee Pension make money?

Two revenue lines are on record. Gaming Transaction Fees are the primary driver. The others are new Player Deposit Bonus.

Who are First Guarantee Pension's main competitors?

Direct peers on record are Sigma Pensions, AIICO Pension Managers, Investment One Pension Managers, ARM Pensions Managers, Stanbic IBTC Pension Managers, Trustfund Pensions, Leadway Pensure, PAL Pensions and APT Pensions. AXA Mansard Pensions is listed as a broad incumbent.

Does First Guarantee Pension have an API?

No public API is recorded for First Guarantee Pension.

What industry is First Guarantee Pension in?

First Guarantee Pension's product category is Pension Fund Administration. Its primary akta.pro industry code is FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds, with a secondary code of FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors). Its NAICS code is 525110.