Contributors injected N2.8 trillion into Pension Funds
Nigeria’s pension fund industry continues to grow both in asset value and in pension participants. Analysis conducted by Quantitative Financial Analytics indicates that contributors have injected N2.8 trillion into the…
Zamfara Assembly to quiz ex-HoS, labour leaders over pension scandal
Zamfara State House of Assembly has summoned two former heads of service of the state to appear before it to give testimonies on the alleged diversion of billions of naira…
Lagos pays N1.3bn to another set of retirees
Spread the loveThe Lagos State Government has paid, more than N1 billion into the Retirement Savings Account (RSA’s) of 246 retirees in the state’s public service for October. Mr Babalola…
PenCom Approves Pension Industry Shared Service Initiative
Spread the loveThe National Pension Commission (PenCom) has approved a proposal of the Pension Fund Operators’ Association of Nigeria (PenOp) for an Industry Shared Service Initiative (SSI). Consequently, PenOp has…
114,837 retirees collected N28.46bn, quit pension scheme – Report
Spread the loveMany workers whose employers did not adequately fund their Retirement Savings Accounts and retired with balances less than N550,000 have collected their contributions and left the Contributory Pension…
