PFAs divest over ₦900bn to Equities amid falling bond yields
With pension fund investments in Open Market Operations (OMO) bills now matured, the Pension Fund Administrators (PFAs) have diverted over ₦900 billion from the proceed of the matured bills into…
Drop Governors plan to borrow pension fund – Opinion
Apart from the technical difficulties envisaged in the plan by governors to borrow ₦17 trillion from the country’s pension fund, the greatest obstacle against them perhaps is their poor reputation…
Lagos begins virtual verification exercise for retired teachers through WhatsApp
Lagos State Teaching Service Commission (TESCOM) has commenced an online pension verification exercise for teachers in the state-owned schools who have left the service and have their names deleted from…
How To Open A Retirement Savings Account In Nigeria
By Moshood Ayeni A Retirement Savings Account (RSA) is an account that is opened for all workers in Nigeria (both private and public sector workers) where periodic pension contributions are…
Kebbi State released ₦3bn for payment of retirement benefits
The Kebbi State Government has approved the release of ₦3 billion for the payment of retirees’ gratuity in the state. This is coming after the organised labour in the state…
Beware of fraudsters, PFA raises alarm
A leading Pension Fund Administrators (PFA) in the country has said it is being impersonated by some unscrupulous individuals. The fraudsters have been asking pension contributors and retirees to pay…
