President Muhammadu Buhari on Thursday launched a Micro Pension Plan for operators in the nation’s informal sector with a promise to address the constraints undermining the efficiency of the pension system. The President said that government initiated the latest plan in order to ensure that those in the informal sector were captured in the pension […]
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 Tuesday said that Nigeria’s Micro Pension Scheme would begin in the first quarter of next year. Giving this hint at the sixth conference organised for pension directors by the commission in Lagos, the Director-General, Mrs. Aisha Dahir-Umar, said that the take off the scheme as earlier planned was delayed […]
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 […]
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 […]