Contributory Pension Assets Increase To N9.03trn The total assets under the Contributory Pension Scheme rose to N9.03trn as of the end of March 2019. The funds, which had continued to record a steady rise, was N8.33tn at the end of August 2018. Figures obtained from the National...

PenCom Invests N8.744trn Pension Assets in 24 Asset Classes The National Pension Commission (PenCom), said it invested the accumulated N8.744 trillion pension assets in 24 different asset classes with federal government securities taking the lion share of 72.91 per cent of the total funds. A breakdown...

FG Flouts Pension Law, Remits Low Amounts To Civil Servants' Accounts Stakeholders have asked the Federal Government to pay the three per cent pension shortfall which it has not remitted into workers’ Retirement Savings Accounts in the past five years in flagrant disregard of its...

16,536 Firms Gets PenCom Compliance Certificate   About 16,536 private organisations got the National Pension Commission’s compliance certificate in the 2018 financial year. The commission disclosed this in its update on compliance of the Contributory Pension Scheme by the private sector employers. The commission noted that the cleared...

We’re Targeting 30m Contributors By 2024 With Micro Pension - PenCom Boss   Aisha Dahir-Umar is the Acting Director General of the National Pension Commission (PenCom). In this interview with Daily Trust, Dahir-Umar says PeCom is targeting 30 million pension contributors by 2024 with the introduction...

FG Transferred N201bn To MDAs’ Retirement Benefit Accounts, PenCom Says   Between April 2017 and January this year, the Federal Government transferred the sum of N201.95bn into the Retirement Benefits Bond Redemption Fund Account maintained by the Central Bank of Nigeria for payment of accrued pension...