Category: News

Operators in the real sector as well as the insurance and pension sectors have called for urgent review of legislations guiding investments in various sectors of the economy in order to allow real sector operators have access to long-term 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 industry, although withdrawals stood at N1.64 trillion.

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 through contributory pension schemes.

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 […]

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 […]

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 […]