More Nigerians Lose Job, Withdraw N30bn Pension Savings   More Nigerians withdrew funds from their pension savings, after losing their jobs, the numbers rose to 28,041 in September 2021 from 26,458 in the same period of 2020. Data obtained from the National Pension Commission on withdrawal of...

Federal Workers’ Pensions, Gratuities Gulp N208bn   The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank of Nigeria report has revealed. The CBN’s statistical record on the Federal Government’s monthly finances showed that the amount was...

51,392 Workers Change Pension Companies, Move N190.62bn   No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has been learnt. Figures obtained from the...

PFAs Invest Additional N693bn Pension Funds In Banks   The Pension Fund Administrators invested N693bn funds under the Contributory Pension Scheme in banks in nine months, according to data from the National Pension Commission. PenCom’s unaudited report on pension funds industry portfolio for the period ended September...

In Nine Months, Pension Contributors Rose By 245,385 – PenCom   The number of workers with pension accounts under the Contributory Pension Scheme rose by 245,385 in nine months to 9,461,173. The latest data obtained from the National Pension Commission on ‘Total RSA registrations as at 30...

Pension Industry Grows By 18% In Five Years – PenOp   Nigeria’s pension industry grew by 18 per cent in the last five years, the Pension Funds Operators Association of Nigeria has said. PenOp said this in a statement titled ‘Pension funds and private equity in Nigeria:...