The National Pension Commission (PenCom) has reported a 3.64 percent growth in the nation’s pension fund assets in the second quarter of this year. Specifically, the commission in its latest report on the pension assets trend on quarterly basis, stated that the total value of pension fund assets based on unaudited valuation reports grew from […]
The National Pension Commission has put the cumulative accrued pension rights paid to retirees from 2007 to September this year as N679 billion. The commission, in its update on the status of accrued right payment, stated that the provision in the 2018 budget was released on September 27 and had been used to make payments […]
The National Pension Commission (PenCom) on Sunday puts the total pension fund assets at N8.14 trillion as of May this year, up from the assets’ value totalling N7.52 trillion in December last year. The Commission gave the hint in a statement signed by its spokesperson, Mr Peter Aghahowa. He stated that N5.2 trillion, representing 70.08 […]
The National Pension Commission (PenCom) has identified gaps in infrastructure projects qualifications as one of the key challenges militating against the deployment of pension savings to infrastructure development. The Commission disclosed that currently, less than five per cent of the 20 percent of the N8 trillion pension fund earmarked for investment in infrastructure had been […]
Determined to achieve improved enrolment of low income earners in the Contributory Pension Scheme (CPS), the National Pension Commission (PENCOM), has released a new draft guidelines for micro pension plan implementation in the country. Under the latest guidelines, contributors can decide to make contributions by cash, electronically or any payment platform approved by the Central […]