Pension Fund Value Drops By N180bn   Nigeria’s pension fund dropped by N180 billion in March 2020, eroding the N77 billion it gained in February, a 1.7 per cent decrease. The drop may not be unconnected to the Covid-19 pandemic,The Nation learnt on Tuesday. The fund, which stood...

Contributory Pension Assets Rose By N359bn In Four Months   Despite the challenges in the economy occasioned by the coronavirus pandemic, the total pension assets under the Contributory Pension Scheme rose by N359bn from N10.2tn as of the end of December 2019 to N10.57tn as of...

PFAs Shun T’bills, Invest N1.6trn In Banks, Commercial Papers     Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have revealed. Data obtained by our correspondent from the National Pension Commission revealed that the operators have increased...

Total Pension Assets Rise To N10.5trn     The total assets under the Contributory Pension Scheme rose to N10.5tn as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21tn as of the end of...

PenCom Concludes Nine-year Intervention In First Guarantee Pension   The National Pension Commission has concluded its regulatory intervention in First Guarantee Pension Limited (PFA) and handed over the company to its newly reconstituted board. A statement from PenCom on Monday said that the regulatory intervention in First...

PenCom, NASS Refute N9bn Probe Rumour     The National Pension Commission (PenCom) and the National Assembly (NASS) have dismissed online media reports that the Commission was under probe over several infractions, including alleged N9 billion expenditure on salaries. The reports claimed that recent findings by the joint...