Pension Fund Assets Gain N388.98bn In Q2, 2022   Pension fund assets have risen by N388.98 billion, according to the second quarter (Q2) 2022 report released yesterday by the National Pension Commission (PenCom). The pension assets rose quarterly by N388.98 billion from the N13.88 trillion recorded at...

PenCom Okays N13.21bn For Annuity Retirees The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This is according to data obtained from the commission’s quarterly report on ‘Retiree life annuity’. It stated that, “The commission granted approval...

Lagos Govt Pays N42bn Pension Entitlements To 11,349 Retirees   Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training And Pensions, Mrs Ajibola Ponnle, disclosed this during the 95th retirement bond certificate presentation ceremony to retirees...

FG’s Spending On Pension, Gratuity Drops To N356bn - CBN   The Federal Government’s expenditure on pension and gratuity fell slightly by N3.48bn in 2021, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its data on ‘Federal Government recurrent expenditure’...

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...