PENSION

  The Nigeria pension scheme has recorded a rise in asset which the regulator currently put at N9.03 trillion as at March 2019. The National Pension Commission (PenCom), also said that the Federal Government’s securities gulped well over N6.51 trillion of the assets. It was further revealed that the Pension...

The National Pension Commission (PenCom), Nation Board for Technical Education (NBTE), and other stakeholders on Thursday in Abuja commissioned Nigeria’s first private pension tertiary institution. The Abuja School of Pension and Retirement Planning (ASP), a pensions monotechnic, specialized exclusively, in matters relating to Pension, Retirement Planning and related disciplines, has...

  The National Pension Commission (PenCom), says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years. The Head of Corporate Communications Department of the Commission, Mr. Peter Aghahowa disclosed this while briefing journalists on Wednesday at the ongoing Enugu...

  The National Pension Commission (PenCom) has revealed that only 8.41 million out of the over 70 million working population in Nigeria are making contributions into the Contributory Pension Scheme of the Federal Government of Nigeria. According to Pencom, the 8.41 million contributors represent 12.09 per cent of Nigeria’s total...

Foreign nationals have opted out of the Contributory Pension Scheme and withdrawn all their contributions from their respective Retirement Savings Accounts. The foreigners decided to return to their countries after working in Nigeria. Similarly, some retirees under the CPS, who could not be entitled to monthly pensions due to low...

The National Pension Commission (PenCom), has issued licence to the Nigerian University Pension Management Company Ltd (NUPEMCO) to carry out the business of a Pension Fund Administrator (PFA) in the nation’s universities. PenCom’s Head of Corporate Communication, Mr Peter Aghahowa in a statement on Monday in Abuja said the approval...

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 National Pension Commission (NPC) on Tuesday in Abuja, revealed that  the FG’s borrowing represents 73.5 per cent of the pension fund. According to data from...

    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 illegal recruitments and increment of her remuneration. At the plenary on Thursday, a member of the House, Mr Benjamin Wayo, moved a motion on...

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) on Sunday, in Abuja, by the commission’s spokesman, Mr Peter Aghahowa, disclose this. The commission also disclosed that the PFAs invested N4.22 trillion in Federal...

  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 to 48,539, the total number of retirees receiving their retirement benefits via annuity. The commission, in its 2017 fourth quarter report posted on its...