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The recent data from National Pension Commission (PenCom) disclosed that the nation’s fund assets declined to N19.67 trillion at the of March this year. The figure represents a drop of …
Pension Funds assets decline to N19.67trn in March -PenCom Read More
A former governor of Abia State, Okezie Ikpeazu, has reacted to the recent passage of a bill by the Abia House of Assembly stopping the payment of pensions to former governors and …
Ikpeazu reacts to Abia assembly’s bill stopping pension for ex-govs, deputies Read More
The governor of Gombe state, Muhammadu Inuwa Yahaya, has announced the clearance of N5.44 billion pension arrears in demonstration of commitment to the welfare of civil servants, The governor stated this …
Gombe clears pension arrears, unveils civil service reforms Read More
The Inspector-General of Police (IGP), Kayode Egbetokun has initiated measures to review and potentially improve the pension regime for retired police personnel. The development, IGP said is to enhance the …
IGP to improve on police officers’ pension scheme Read More
One of the reasons for the removal of fuel subsidy in Nigeria is that fuel subsidy has made some individuals very rich, while majority of Nigerians are not benefiting from …
Scrap pension fund managers from pension scheme Read More
Abia State Governor, Alex Otti, has explained why he was unable to pay off the arrears of pensions being owed to retired civil servants by the end of 2023. Otti …
Why I didn’t clear pensions arrears in 2023 — Abia governor Read More
The total assets under the Contributory Pension Scheme rose to N17.66 trillion as of the end of October 2023. Figures obtained from the National Pension Commission (PenCom) on ‘Unaudited report …
Contributory pension assets hits N17.66trn – Report Read More
Five Pension Fund Administrators (PFAs), including Stanbic IBTC Pension Managers, Access Pensions, ARM Pension Managers, Leadway Pensure and Premium Pension managers accounted for 64 percent of total registered contributors in …
Stanbic IBTC Pension, Access, 3 others hold 64% new registered contributors Read More
The Managing Director/CEO, Access Pensions Limited, Dave Uduanu, has emphasised the potential of pension funds in addressing Nigeria’s infrastructure deficit. Uduanu who doped the hint at the insurance and pension …
Access Pensions boss says sector funds will help bridge infrastructure gap Read More
Nigeria’s pension sector with assets under management (AUM) in excess of N16.7 trillion, equal to $22.14 billion as at June 2023 is collaborating with four other countries in Africa to …
Nigeria’s pension, four others collaborate to grow over $70bn assets Read More
The Federal Government of Nigeria has been urged to increase budgetary allocations for insurance and pension to enhance growth in the two sectors. Government at all levels and it’s agencies …
Expert seeks increased budgetary allocation for insurance, pension sectors Read More
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been named as one of the banks to process Retirement Savings Account (RSA) backed mortgages by the National Pension Commission …
PenCom appoints Stanbic IBTC to process RSA backed mortgages Read More
The six area councils in the Federal Capital Territory Administration and other stakeholders have received the sum of N3,015,446,815.55 as their share of statutory allocation for the month of January, …
FCT distributes over N3bn to area councils, stakeholders Read More
About 50 per cent of Retirement Savings Account (RSA) holders, equal to 7 million could qualify to access equity contribution for residential mortgage, experts in the industry have said. According …
50% pension contributors may qualify for residential mortgage – Experts Read More
The National Pension Commission (PenCom) has said that ñbbjnjvalue of pension fund assets has increased to N14.59 trillion as at the end of October, 2022. This is a 7.20 per …
Pension assets hit N14.9trn as government borrows N8trn Read MoreThe National Pension Commission (PenCom) disclosed that Nigeria’s Pension Fund Assets, as at September stood at N14.42 trillion. PenCom’s Director General, Aisha Dahir- Umar, who made the dis CV disclosure …
PFA’s new N5bn capital requirement pushes Pension assets to N14.42trn Read More
The Federal Capital Territory (FCT) Area Council Staff Pension Board has disclosed the disbursement of over N8 billion as accrual benefits to 1,217 retirees over the period of six years; …
FCT Pension Board disburses N8bn to 1, 217 retirees in 6 years Read More
Celestine Omehia was governor of Rivers state from May 29 to October 2007 when he was removed by the Supreme Court. The court had argued that Omehia was not the …
Wike’s legislative messengers and Nigeria’s “pension hell” Read MoreEfforts to strengthen pension remittance compliance by employers of labour has continued to gain traction, as recovery agents since inception has pulled in N22.13 billion. According to data from the …
Pension compliance strengthened as recovery agents net N22.13bn Read More
Three months after announcing its proposed acquisition of Nigerian pension fund manager First Guarantee Pension Limited, financial holding company Access has obtained the necessary regulatory approvals that will make First …
Access Holdings finalises acquisition of First Guarantee Pension Read MoreIn 2004, Nigeria embarked on one of the most successful reforms in its history with the enactment of the Pension Reform Act (PRA 2004). Before then, employers used to have …
That pension reforms may not derail Read MorePension fund assets rose by N842.7 billion in the first half of 2022, hitting a record of N14.27 trillion from N13.42 trillion recorded at the beginning of the year. This …
Pension assets swell by N843bn in 6 months Read MoreNigeria’s pension fund assets increased by N453.8 billion in the first quarter of 2022 to stand at N13.88 trillion as of the end of March 2022, representing the highest level …
Nigeria’s pension fund hits N13.88trn in Q1 2022 Read More
Several stakeholders have expressed support for the call to exempt personnel of the Nigeria Police from the contributory pension scheme, which into being after enactment of the Pension Reform Act …
Pension: Stakeholders back exemption of police from contributory scheme Read MoreThe National Pension Commission (PenCom) has reported that pension fund assets surged by N1.11 trillion, rising from N12.31 trillion as at December 31, 2020, to N13.42 trillion in December 31, …
Pension Fund hits N13.42trn in December 2021 Read More