PFAs Invest N52.87bn In Climate Change Adaptation Projects   Pension Fund Administrators (PFAs) have invested N52.87 billion in Green Bonds, which are focused on climate change- related projects. Green Bonds are types of debts issued by public or private institutions to fund themselves. It works like regular...

Aggrieved Workers Drag PENCOM To Court Over Salaries   Some aggrieved staff of the National Pension Commission (PenCom) numbering over 20 have taken the organisation to the Abuja Division of the National Industrial Court over alleged denial of salaries and unlawful labour practices. Also joined as a...

Contributory Pension Assets Now N14.36trn   Assets under the Contributory Pension Scheme rose to N14.36tn in July 2022, from N14.27tn reported in the previous month. This is according to the data obtained from the National Pension Commission (PenCom) on its unaudited report for the period ended July...

N93bn Pensions Unpaid Into Workers’ Accounts - PenCom A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings Accounts in 2021, according to findings from the National Pension Commission (PenCom). This comprised N73.97bn contributions remitted by employers...

Pension Fund Assets Gain N388.98bn In Q2, 2022   Pension fund assets have risen by N388.98 billion, according to the second quarter (Q2) 2022 report released yesterday by the National Pension Commission (PenCom). The pension assets rose quarterly by N388.98 billion from the N13.88 trillion recorded at...

MDAs’ Retirees Get Paid N980bn Arrears   The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs) from the inception of the Contributory Pension Scheme in 2004 to December 2021. The Director-General, National Pension Commission (PenCom) Aisha Dahir-Umar,...