By Esther Agbo Nigeria’s Pension Fund Administrators (PFAs) are facing increased pressure due to the federal government’s failure to disburse accrued pension rights to recent retirees. The last pension payments were made in 2022 when the government released N13.89 billion…
Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024. This represents a marginal decrease of about 0.45 percent when compared with N19.759 trillion…
By Sodiq Adelakun The devaluation of the Naira has had a significant impact on the net asset value (NAV) of pension fund assets in Nigeria over the past year, according to data from the Pension Commission (PENCOM). As of January…
The pension fund assets has appreciated by N1.17 trillion to N19.53 trillion as at Jan. 31, as against N18.36 trillion recorded in Dec. 31, 2023. This is contained in the National Pension Commission’s (PenCom’s) unaudited report on the Pension Funds…
In a recent report released by the National Pension Commission, Pension Fund Administrators (PFAs) have demonstrated a strong commitment to national development by investing a substantial N130.18 billion of the funds from the Contributory Pension Scheme (CPS) into infrastructure projects…
Reps move to recover N10trn pension funThe House of Representatives has resolved to investigate the state of pension funds and to recover the N10 trillion loaned to the Federal Government. The call was sequel to a unanimous adoption of a…
The Nigerian Pension Fund Index gained a whopping 16 per cent in the month of June as investor sentiments sent stocks soaring to record highs. The NGX data also shows the Pension Fund Index has returned a whopping 44 per…
The Total Pension fund assets under the Contributory Pension Scheme (CPS) have grown approximately to N15.58 trillion in March 2023 compared to N15.45 trillion in February 2923 said the National Pension Commission (PenCom). The Pension Fund Assets increased approximately by…
