Lagos approves increase of Retirees pension by 33%
Babajide Sanwo-Olu, the Governor of Lagos State, has approved a 33% increase in the pensions of retirees under the Defined Pension Scheme (DBS) as a result of the New Minimum…
Kwara State has spent N20 billion in two years on pensions and gratuities.
In the last two years, the Kwara State Government has spent close to N20 billion on pension and gratuity payments. Sa’adu Salahu, Gov. AbdulRahaman AbdulRazaq’s Special Adviser on Strategy, revealed…
Police Retirees reject inclusion into Contributory Pension Scheme (CPS), Seek exemption
Police retirees on the contributory pension plan, including their counterparts in the military and the Department of Security Services, are seeking an exemption from the scheme (DSS). They also want…
Corporate Governance under the Contributory Pension Scheme (CPS)
The National Pension Commission (PenCom) released a report on the various corporate governance activities it carries out while regulating the pension industry under the Contributory Pension Scheme (CPS). See the…
PenOp and AVCA collaborate on Development of private equity (PE) in Nigeria
Pension Fund Operators Association of Nigeria (PenOp) and the African Private Equity and Venture Capital Association (AVCA) are in collaboration to empower local investors and develop private equity (PE) as…
The CPS vs DBS in Nigeria: A Brief Overview
Nigeria operates a hybrid pension scheme at the moment. Although the plan is to gradually move a large portion of the population to the Contributory Pension Scheme (CPS), the Defined…
