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Pension Operators Seek Alternative Investments As Assets Decline

Pension Operators Seek Alternative Investments As Assets Decline       The Pension Fund Operators Association of Nigeria has said it is seeking other alternative investment options aside from the government bonds and treasury bills to increase returns on investment. The Chief Executive Officer, PenOp, Oguche Agudah, said this...

PenCom Raises PFAs’ Shareholders Funds To N5bn

PenCom Raises PFAs’ Shareholders Funds To N5bn       The National Pension Commission has ordered the Pension Funds Administrators to raise their shareholders’ funds from N1bn to N5bn. Some operators disclosed this to our correspondent on Thursday. According to the commission, the total number of workers with pension accounts...

PFAs Invested N7.2trn In Government Securities

PFAs Invested N7.2trn In Government Securities     The Pension Funds Administrators invested N7.2tn of the total assets under the Contributory Pension Scheme in the Federal Government’s securities as of the end of May. The National Pension Commission disclosed this in its report titled ‘Summary of pension fund...

PFAs Invests N1.03trn Pension Funds In Banks

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total...

Operators Pump N29.4bn Pension Funds In Infrastructure

Operators Pump N29.4bn Pension Funds In Infrastructure   Pension Funds Administrators have invested about N29.4bn of the growing assets under the Contributory Pension Scheme in infrastructure projects as of the end of March 2019. Figures obtained from the National Pension Commission revealed that the operators raised the...

As PFAs Invest N17bn Pension Funds In Infrastructure, Investors Lobby

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...