PFAs invested N7.2tn in government securities-Report
The Pension Funds Administrators invested N7.2tn of the total assets under the Contributory Pension Scheme in the Federal Government’s securities as of the end of
Category : Pencom
Pension harmonisation: Court orders NNPC to pay retirees within 90 days
Justice Elizabeth Oji of the National Industrial Court, Lagos, has ordered immediate payment of harmonised pensions to affected retirees of the Nigerian National Petroleum Corporation
33 states fail to get group life policy
Lagos, Edo, Kaduna and FCT scale hurdle State governments have continued to flout the Pension Reform Act (PRA) 2004, repealed by PRA 2014, as 33
COVID-19: FG to expend N2tr pension fund on roads, housing
To prevent economic depression arising from the coronavirus effect, Federal Government, yesterday gave the indication of using N2.0 trillion, part of the over N10 trillion
Lagos’ retirees to get N1.15b
Lagos State Governor Mr Babajide Sanwo-Olu has approved N1.157 billion for the payment of accrued pension rights to 368 public service retirees. The new Director-General,
Lagos Pays Retirees N1.157bn Pension
The Lagos State Government has said that it had paid an accrued pension right of N1.157 billion to 368 public service retirees. The Director-General of
FG defaults in pension remittance for six years
Workers have continued to suffer decline in their retirement benefits over the Federal Government’s delay in implementing the mandatory 18 per cent monthly emolument remittance
Nigeria ranks 64th in pension adequacy index –Report
The Allianz Group has put Nigeria in the 64th position in the global ranking of pension development, highlighting the need for further pension reforms in
LASG pays N1.03b accrued pension to 213 retirees
The Lagos State government has approved the release of N1.030 billion for the payment of the accrued pension rights of 213 public service retirees in
COVID-19: N511bn pension fund investment in stock market at risk amidst foreigners’ exit
An estimated five per cent National Pension Fund (NPF) amounting to over N511 billion invested in the capital market on behalf of the contributors may
