The Federal Capital Territory Administration (FCTA) disbursed N4.43 billion to the six area councils of FCT, pension scheme and primary school teachers, as statutory allocation for January 2024. FCT Minister of State, Mariya Mahmoud, disclosed this while presiding over the…
Nigeria’s pension industry has shown remarkable growth, with the National Pension Commission (PenCom) reporting a significant 20 percent year-on-year increase, bringing the total assets under management (AUM) to N17.4 trillion as of September 2023. In a recent analysis by FBNQuest…
Electricity workers on Monday shut down the Kano Electricity Distribution Company (KEDCO), over alleged failure to remit their pension deductions in the last 72 months. The workers, under the aegis of the National Union of Electricity Employees (NUEE), vowed to…
By Sodiq Adelakun Nigeria’s pension assets managed by Pension Fund Administrators (PFA’s) have reached N17.67 trillion at the end of July 2023, according to data from the National Pension Commission (PenCom). This marks an increase from N16.11 trillion in May.…
The Insurance and Pension Editors of Nigeria (IPEN) and the Lagos Chamber of Commerce and Industry (LCCI) are strategising to enhance better customer service delivery from insurance companies and Pension Fund Administrators(PFAs) in the country. To this end, the executive…
AG DG, Pencom Pan-African credit rating agency, Agusto & Co, Mrs. Aisha Dahir-Umar has projected that Nigeria’s total pension assets will rise to N19 trillion by the end of 2024. This is contained in a report titled, “The Nigerian Pension…
Assets under the Contributory Pension Scheme rose by about N2 trillion in the first half of 2023, according to the National Pension Commission. Figures obtained from PenCom’s unaudited report on pension funds industry portfolio for the period ended 30 June…
… Increases quarterly payment to N600m Ogun State Governor Prince Dapo Abiodun has said that his administration has paid over N70bn as gratuity and pension to retirees in the last three and a half years. The governor who stated this…
The National Pension Commission (PenCom) has announced it has automated the Pre-Retirement Verification Enrolment Exercise. This was disclosed by PenCom in an online statement published on Twitter on Friday. The statement said that the PenCom DG, Aisha Dahir-Umar has prioritized…
The Federal Government announced that it plans to ensure full liquidation of outstanding arrears due ex-workers of the remaining three defunct agencies. This was announced by The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in Abuja recently…
