Labour Against FG Plan To Borrow N2trn From Pension Fund   The Nigeria Labour Congress (NLC) on Tuesday kicked against plans by the Federal Government to borrow N2 trillion from the Contributory Pension Fund of N10 trillion for infrastructural development. Its President Comrade Ayuba Wabba, who spoke...

‘N2trn Pension Fund For Infrastructure’ll Come Via Bonds’   The N2trn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds, according to findings by The PUNCH on Wednesday. A National Economic Council source told The PUNCH in Abuja,...

Pension Fund Rises To N10trn   Pension fund assets rose from N9.81trillion recorded on October 31, last year to N10 trillion in November 30, the monthly report dated January 16, 2020, released by the regulator, the National Pension Commission (PenCom) has shown. The fund grew by N18...

NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions Fund on infrastructure development in the country. This will be done through the Sovereign Investment Authority. A sub-committee of NEC presented an...

Pension Fund: 85% Of N8.3trn Spent On Govt T-bills, Bonds The largest pool of domestic capital in the country is the N8.3trn sitting in Nigeria’s pension fund, with 85% of the fund primarily financing the government through buying bonds or treasuries. This was the submission of...

As PFAs Invest N17bn Pension Funds In Infrastructure, Investors Lobby   Pension Funds Administrators have raised their investments in infrastructure to N17bn from the pension money in their custody, according to the latest data from the National Pension Commission. Operators of the Contributory Pension Scheme have also...