The Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has defended investments made by Pension Funds Administrators (PFAs) under the Contributory Pension Scheme (CPS) as investments in Federal Government of Nigeria’s (FGN’s) securities rather than loans to government. She, therefore, refuted the milling rumour in the public space that the Commission gave N10 trillion […]
The National Pension Commission (PenCom), has recovered about N24.53 billion as pension contributions owed workers by defaulting employers across the country. The Director-General of PenCom, Mrs Aisha Dahir-Umar, made this disclosure on Thursday in Lagos at the 2023 Labour Writers Association of Nigeria (LAWAN) Workshop with the theme ‘Securing the Future: The Benefits of the […]
Nigeria’s pension fund assets grew to N14.99 trillion as of December 2022, representing a 11.7% growth or N1.5 trillion compared to N13.42 trillion recorded in 2021. The latest Pension Industry report published by the National Pension Commission (PenCom) indicated that 11.7% growth recorded in year 2022 was 40.2% higher than the N1.12 trillion increase recorded in […]
Nigeria’s total pension fund assets grew to a record highest value of N13.61 trillion in January 2022, representing 1.4% or N183.8 billion rise over the value of the assets totaling N13.42 trillion as of December 2021. The latest pension assets value was contained in the unaudited report by the regulatory authorities on the pension funds […]
The National Pension Commission (PenCom), on Monday disclosed that Nigeria’s pension fund assets had risen to N12.66 trillion even as contributors under the Contributory Pension Scheme (CPS) also rose to the 9.38 million as at June 30 this year. PenCom’s Director General, PenCom , Mrs. Aisha Dahir-Umar, who gave these figures during the 2021 Journalist […]
The House of Representatives on Thursday summoned the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it over alleged discrepancies in N33 billion pension deductions remittance by National Pension Commission (PenCom). The lower chamber of the Legislature also asked the Accountant-General of the Federation (AGF), Ahmed Idris, to appear with […]
The National Pension Commission (PenCom) today said that the nation’s pension assets under the Contributory Pension Scheme (CPS) have increased from N7.52 trillion in December 2017 to N8.23 trillion in June this year The commission’s Acting Director General, Mrs. Aisha Dahir-Umar, made the disclosure during the 3rd annual conference of the National Association of Insurance and […]