PENSION

 AIICO Insurance Plc has notified the Nigerian Exchange (NGX) Ltd of the completion of the sale of AIICO Insurance’s 33.9 per cent shareholding in AIICO Pensions Managers Ltd to FCMB Pensions Ltd.The Company Secretary of AIICO Insurance, Mr Donald Kanu, said this in a notice posted on the NGX website...

 The Federal Government has given presidential approval for  payment of outstanding pension liabilities under the Contributory Pension Scheme (CPS). The Head of Corporate Communication at National Pension Commission (PenCom) Mr Peter Aghahowa, said this in a statement in Abuja on Wednesday. He said that PenCom was pleased to inform all...

  A don, Dr Abdulateef Bako, has attributed the current security challenges in Nigeria to unmonitored development and outright absence of adequate physical planning of cities and towns. Bako, who is acting Dean, Faculty of Environmental Sciences, of University of Ilorin, stated this while addressing newsmen on Monday in Ilorin....

  The National Pension Commission (PenCom) has revealed that investment of about N7 trillion of the country’s pension fund in Federal Government Bonds and Treasury Bills. Currently, Nigerian pension contributions were valued at N11 trillion in the second quarter of 2020, out of which over N7 trillion is invested in...

  The Lagos State Government has paid over N1 billion as accrued pension rights to 219 retirees in the state’s public service for the month of September. Mr Babalola Obilana, Director-General, Lagos State Pension Commision (LASPEC), in a statement on Friday, said the beneficiaries received their bonds at the 79th...

The Senate on Tuesday confirmed the receipt of a formal request from President Muhammadu Buhari for the confirmation of appointments of Chairman, Director General and Commissioners of National Pensions Commission(PenCom). President of Senate, Ahmad Lawan, read the request as contained in a letter at plenary. Buhari in the letter said...

The Federal Government says it has release N14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme.    The National Pension Commission Head of Corporate Communication, Mr Peter Aghahowa, made this known in a statement in Abuja on Monday.   The amount according to the statement will cover...

Abdulrasheed Maina, ex-Chairman, Pension Reformed Task Team (PRTT), has been released from Kuje Correctional Centre nine months after his detention, the News Agency of Nigeria (NAN) has confirmed. Maina, who was arraigned before Justice Okon Abang of the Federal High Court, Abuja, on Oct. 25, 2019, by the Economic and...

The Lagos State Government said it paid over N8.7 billion Accrued Pension Rights to 2,309 retirees from its public service between January and June. The Director-General of the Lagos State Pension Commission (LASPEC), Mr Babalola Obilana, disclosed this in a statement in Lagos. Obilana said that the accrued pension rights...

FCMB Group and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96 per cent stake of AIICO Pensions Managers to FCMB Pensions. This is disclosed in separate statements by FCMB Group and AIICO Insurance on Friday posted on the Exchange...