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Tag: N400 Billion

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears   The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The arrears accumulated through accrued rights. The Chairman, Senate Committee on Establishment and Public Service,...

FG Currently Owes Pensioners N400bn, Says Senate

FG Currently Owes Pensioners N400bn, Says Senate   The Federal Government currently owes its retirees over N400bn accrued pension rights, the Senate Committee on Establishment and Public Service has said. The committee has also vowed to take up the issue with the government to ensure that all...

Insurance Sector’s Premium Rises To N400bn

Insurance Sector's Premium Rises To N400bn The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to the Nigerian Insurers Association. The Chairman, NIA, Mr Tope Smart, disclosed this while presenting the 2018 annual report of the Nigerian...