PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...

Only 11% Of Workforce Is Enrolled In The Pension Scheme – PenOp         Despite the astronomical growth recorded in the pension fund, only 11 percent of workforce is enrolled in the Contributory Pension Scheme, CPS, and the micro pension schemes and this number needs to improve,...

Labour Rejects New Bid To Borrow From N17trn Pension Fund         Organised Labour on Thursday rejected a fresh bid by governors to borrow from the N17 trillion pension funds. The Nigeria Labour Congress (NLC) kicked against a similar proposal by Works and Housing Minister Babatunde Fashola to...

Pension Contributors Now Over 8.94m         The total membership of the Contributory Pension Schemes increased by 5.67 per cent from 8,469,257 as at December 31, 2018 to 8,949,536 as at December 31, 2019, the National Pension Commission (PenCom) has said. According to the commission in its 2019...