PenCom approves new PFA for varsity workers
The National Pension Commission (PenCom), has issued licence to the Nigerian University Pension Management Company Ltd (NUPEMCO) to carry out the business of a...
FG borrowed N6.1trn from N8.49 pension assets – PENCOM
The Federal Government (FG) has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme.
The figures from the...
Reps begins probe of PenCom DG over illegal pay increase, appointments
The House of Representatives on Thursday said it is set to investigate the acting Director-General of the National Pension Commission, Aisha Dahiru-Umar, over alleged...
PFAs invest N1.49trn in Treasury Bills
The Pension Fund Administrators (PFAs) in the country have invested N1.49 trillion in Treasury Bills.
The monthly report released by the National Pension Commission (PenCom)...
PenCom approves 6,851 applications for annuity retirement plan in Q4,2017
The National Pension Commission (PenCom) says it approved 6,851 applications for annuity retirement plan in fourth quarter of 2017.
According to the commission, thenumber brings...
FG pensioners yet to receive 33.3% pension arrears
Retirees across the country have confirmed that they are yet to receive complete payment of the 33.3 per cent pension arrears, meant for Federal...
‘LASG workers to get gratuity three months after retirement’
The Lagos State Government is to introduce an efficient pension scheme for its workforce.
Under the new regime, retirees will be paid their gratuities within...
Ambode clears N37.546bn pension arrears
The Lagos State Pension Commission (LASPEC) said Gov. Akinwunmi Ambode of Lagos State, has paid a total of N37, 546 billion to pensioners since...
Pension assets now N8trn as N50bn invested on road construction
The National Pension Commission (PenCom) has said that pensioner’s contribution has hit the N8 trillion mark. The Commission said that the contributions moved from...
Employers pay N5.19b penalty for unremitted pension
Employers of labour in the country have paid about N5.19 billion as penalty for falling to remit their employees’ pension contributions to various Retirement...
