PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...

PFAs Pay 11,796 Disengaged Workers N5.33bn       The Contributory Pension Scheme (CPS) has continued to relieve pressure on workers who lose their job, by paying them 25 per cent out of their pension. According to the National Pension Commission (PenCom), 11,796 workers who lost their jobs were...

Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...

N2.3trn Pension Fund Available For Real Sector Investment - PenCom DG       There is N2.3 trillion pension fund for investment in the real sector, the Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said. This, she said, is available via asset classes such as infrastructure funds,...

Senate Confirms Dahir-Umar As PenCom DG Amidst Protests         The Senate on Tuesday confirmed the appointment of Aisha Dahir-Umar as the substantive Director General of the National Pension Commission Board amidst protests from some senators. The chamber also confirmed the appointment of Dr Oyindasola Oluremi Oni, from...

House Summons Emefiele, PenCom Boss, Others Over N300bn Funds     The House of Representatives has summoned Governor of Central Bank of Nigeria, Godwin Emefiele; Director-General, National Pension Commission, Aisha Dahir-Umar; and Chairman, Federal Inland Revenue Service, Muhammad Nami, to explain various expenditure totalling N300bn. Others summoned by...