N392bn Projects Debt: Senate Asks FG To Consider Pension Fund         The Minister of Works and Housing, Babatunde Fashola, on Wednesday, told the Senate that the Federal Government owe construction firms handling 711 road projects across the country N392bn. The debt, according to the minister, was higher...

Pension Fund Now N11.09trn     Pension Fund Administrators (PFAs) have recorded N666 billion increase on pension fund assets in six months. The total pension fund hits a record high of N11.09 trillion as at June 2020 from N10.8 trillion recorded in May. Besides, the number of Retirement Savings...

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...

Pension Fund: FG Dumps Plan To Borrow N2trn   The Federal Government may have bowed to mounting opposition from labour and other stakeholders against its plan to borrow N2tr from the nation’s N10tr pension assets to finance yearning gaps in infrastructure. Fielding questions when she met with...

Pension Fund Hits N10.22trn   Pension fund assets at December last year have hit N10.22 trillion. It was N9.99 trillion in November of the same year. The investment of the fund followed the same pattern as the previous month as pension fund administrators (PFAs) invested N7.34 trillion...

NECA Criticizes Plan To Borrow N2trn Pension Fund   The Nigeria Employers’ Consultative Association has condemned moves by the Federal Government to borrow N2tn from the Pension Fund. The government had indicated the intention to borrow from the fund to augment infrastructural development in the country. NECA said...