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…
The Nigerian Exchange Limited has said that its partnership with the National Pension Commission (PenCom) will strengthen the participation of Pension Fund Administrators (PFAs) in the equities market through the NGX Pension Broad Index. Acting CEO of Nigerian Exchange Limited,…
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.…
No fewer than 168,768 workers have changed their Pension Fund Administrators and moved N663.761billion Retirement Savings Accounts since the National Pension Commission opened the window of transfer. The window of transfer allowed workers to move their savings from a PFA…
The Pension Funds Administrators reduced the funds under the Contributory Pension Scheme that was invested in fixed deposits and bank acceptance to N1.6trillion in February. This was as the total funds under the scheme hit N15.49trillion in the period under…
