₦7.5bn spent in 18 months to settle pensioners in Oyo – Gov Makinde
Spread the loveGov. Seyi Makinde of Oyo State, said that his administration have spent ₦7.5 billion to settle the gratuities of pensioners in 18 months of his administration. Makinde, who…
PFAs can only invest upto a maximum of 15% of AUM on infrastructure bonds – PenCom
Spread the loveThe National Pension Commission (PenCom) has stipulated that pension fund administrators (PFAs) are only allowed to invest ₦2.4 trillion in infrastructure. A communique that emanated from the 22nd…
NUP urges PTAD not to delist members over biometric verification
Spread the loveThe Nigeria Union of Pensioners (NUP), has urged the Pension Transitional Arrangement Directorate (PTAD), not to delist its members from its payroll over their inability to physically attend…
Simplification of pension remittances good for the pension industry
At a time many pension contributors are expressing angst over the delay in pension remittances, an expert has expressed the need for pension fund administrators to simplify process of remittances.
Only 9 States qualified to borrow from pension fund – Report
Spread the loveThe inability of 27 states to fully or substantially implement the Contributory Pension Scheme (CPS) is the reason Pension Fund Administrators (PFAs) will not invest pension funds in…
Don’t delay remittance of pension contributions, minister warns
Spread the loveMinister of State in the Federal Capital Territory FCT, Dr Ramatu Tijani Aliyu, has called on pension managers in the FCT Administration to eradicate the delay in remitting…