PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme at the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued...

Pension Assets Rose By N190bn In January, Now N13.61trn   The total assets under the Contributory Pension Scheme rose by N190bn in January, figures from the National Pension Commission have revealed. PenCom disclosed this in its report titled, ‘Unaudited Report on Pension Funds Industry Portfolio; Approved Existing...

More Nigerians Lose Job, Withdraw N30bn Pension Savings   More Nigerians withdrew funds from their pension savings, after losing their jobs, the numbers rose to 28,041 in September 2021 from 26,458 in the same period of 2020. Data obtained from the National Pension Commission on withdrawal of...

51,392 Workers Change Pension Companies, Move N190.62bn   No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has been learnt. Figures obtained from the...

PenCom To Review Pension Act 2014   National Pension Commission (PenCom) is set to review the Pension Reform Act 2014. At its retreat in Abuja, it identified salient issues to be reviewed in the act. Present were stakeholders from the National Assembly, Pension Fund Operators (PenOp), labour unions,...

FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies. PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...