For CPS, FG Makes National Identification Number Mandatory For workers The Federal Government has mandated all workers under the Contributory Pension Scheme to produce their National Identification Numbers as part of their pension requirements. The National Pension Commission disclosed this in a circular titled, ‘Notice on...

Investments On Pension Funds Yield 16.42% In 2017 – Data   Investments with accumulated funds in active Retirement Savings Accounts (RSAs) yielded an average of 16.42 per cent in 2017. Data exclusively sourced from the National Pension Commission (PenCom) showed that the 2017 annualized average rate of...

Govt’s Pension Liability Climbs To N67bn It definitely sounds alarming, but it’s not fake news. The Federal Government’s liability on accrued pension to its employees has risen to about N67 billion, the Head, Research and Corporate Strategy, National Pension Commission (PenCom), Dr. Farouk Aminu, has...

Pension Assets Hit N8.23tn Increase Total assets under the Contributory Pension Scheme rose to N8.23tn at the end of the second quarter of 2018, figures obtained from the National Pension Commission on Thursday showed. The figures specifically indicated that the number of contributors grew by 312,291...

Pension, Lagos Pays N892m Accrued Rights   The Lagos State Government says it has paid N892m into the Retirement Savings Accounts of 156 retirees for the 50th batch under the Contributory Pension Scheme. According to a statement obtained from the Lagos State Pension Commission on Sunday, the...

Pension Assets Hit N7.8 Trillion   The National Pension Commission (PenCom) has put the net asset value of the contributory pension scheme (CPS) at N7.779 trillion as of February 28, just as it said that N54 billion released by the federal government last year would boost...