Pension Fund Administrators (PFAs) have invested N6.28 trillion out of the N7.41 trillion pension assets in Federal Government’s securities, as at the end of November 2017. National Pension Commission (PenCom) disclosed this on its website saying the figure represents 70.67 percent of the pension funds. Investments...

Elementary concept in Islamic Banking dates back to the mid-1940s. Comprehensive details appeared in the late 1960’s. The first experiment was set up undercover in MitGhamr Egypt, 1963 (the model was German Savings bank modified with Islamic principles. Islamic Development Bank was established in...

About 72,113 retirees who subscribed to the Contributory Pension Scheme have got refunds of N17.3bn from their Pension Fund Administrators after they were declared not eligible for pension payment, investigation has revealed. According to a report obtained from the National Pension Commission, the affected retirees...

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission...

Premium Pension Limited, PPL, has said it paid not less than N118billion benefits to pensioners since 2007 when it began operation following the Pension Reforms Act, PRA, 2004, with PPL which commenced business with an initial share capital of N500 million, now has shareholders’...

Retired workers who served the Federal Government in Ogun State, have taken to the streets to protest 14 months unpaid pension and gratuities. The Pensioners who stormed Nigeria Union of Journalists Secretariat, Ogun State armed with placards with various inscriptions, appealed to the government to...