FG Unveils Pension Plan For Informal Sector Workers
President Muhammadu Buhari has unveiled a Micro Pension Plan for people operating in the informal sector of the economy, even as he promised to halt the rot in the nation’s pension system.
The President, while unveiling the pension...
E-payment: CBN Issues Guidelines For Salaries, Pension, Remittances
In a bid to make the Nigerian payment system align with international best practice and drive its cashless policy, the Central Bank of Nigeria yesterday released an exposure draft on the Regulations on End to End Electronic...
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...
