By Seun Ibiyemi The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has announced that pension fund assets in Nigeria reached N21.92 trillion as of October 2024, although challenges continue to affect the industry. Oloworaran made this announcement on…
…As total assets hit N21.9trn Nigeria’s pension assets grew by N541 billion month-on-month reaching N21.92 trillion at the end of October 2024. This growth highlights the continued resilience and stability of the nation’s pension sector, underscoring its importance as a…
…As group charges Adeleke to ignore distractions, remain focused on democratic delivery By Ismail Azeez, Osogbo The All Progressives Congress (APC) in Osun State has replied the Governor of Osun state, Senator Ademola Adeleke on his comments on the payment…
The Lagos State Government under Gov. Babajide Sanwo-Olu has cleared N68.5 billion pension arrears for retirees in the state public servant. The Head of Service Lagos State,(HoS) Mr Bode Agoro, disclosed this on Tuesday in Lagos. Agoro spoke at a…
Rivers State Governor, Siminalayi Fubara, has announced that the state government will set aside N2 billion monthly to offset the backlog of pension and gratuity to retired civil servants. This move is aimed at clearing the outstanding payments and ensuring…
The Inspector-General of Police, Kayode Egbetokun, on Wednesday said the Nigeria Police Force was working on improving pension earnings for retired police officers in the country. Egbetokun announced this in Benin during his two-day working visit to Edo. According to…
Data from the National Pension Commission (PenCom) indicates that Nigeria’s pension fund assets have increased to N19.787 trillion as of April 30, 2024. This marks a growth of approximately 0.6 percent compared to the N19.669 trillion recorded as the net…
Pension fund allocation to infrastructure development has continued to swell with the investment of a total of N230 billion in Sukuk Bonds and the Nigeria Infrastructure Debt Fund (NIDF). A breakdown of the investment shows that Pension Fund Administrators (PFAs)…
By Sodiq Adelakun The Lagos State Government has warned intending retirees from the public service to be cautious of fraudsters who may attempt to deceive them into squandering their pensions. This warning was given by the Commissioner for Establishments and…
By Sodiq Adelakun Nigeria’s pension landscape has witnessed a significant boost as the Contributory Pension Scheme (CPS) assets have soared to N19.5 trillion at the end of January 2024, marking a 6.3 percent increase from the N18.6 trillion reported in…
