The National Pension Commission (PenCom) Wednesday disclosed that about 8.41 million Nigerians are presently captured in the Contributory Pension Scheme (CPS). The commission disclosed this in its Pension Fund Assets Summary as at December 2018, that was obtained Wednesday. PenCom’s spokesman, Mr. Peter Aghowa, disclosed that the number would rise in the coming days as […]
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The National Pension Commission (PenCom), has said the micro pension scheme which will be launched this month will add additional ₦3 trillion to the existing ₦8.45 trillion pension assets. The commission, which also said the scheme would bring in about 20 million contributors into the contributory pension scheme(CPS), stated that all was set for the […]
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The National Pension Commission (PenCom) has cleared 135 companies to bid and participate in federal government businesses. The firms have been issued with certificate of compliance to enable them participate in government deals. PenCom disclosed this in a recent statement published on its website. The companies were certified fit for business by the commission as […]
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The National Pension Commission, PenCom, has approved 3, 280 applications for payment of retirement benefit under life annuity plan. The commission, in its 2018 first quarter report posted on its website, said the 3,280 retirees received ₦3.61 billion as lump sum payment and were paid annuity premium of ₦17.96 billion to insurance companies. This, PenCom […]
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The delay by the federal government to release accrued rights of retirees in the country is adversely affecting the retirees. Some of the retirees, who spoke to Vanguard Insurance, lamented that many of their colleagues have died while waiting for their pension benefits. The National Pension Commission, PenCom, has said that over ₦3 billion was cut […]
Read More Total assets under the Contributory Pension Scheme rose to ₦8.23 trillion at the end of the second quarter of 2018, figures obtained from the National Pension Commission on Thursday showed. The figures specifically indicated that the number of contributors grew by 312,291 from 7.89 million in December 2017 to 8.14 million as of June 2018. […]
Read More The National Pension Commission (PenCom) said that the total pension fund assets stood at ₦8.14 trillion as at May, 2018. PenCom in a statement signed by its spokesman, Mr Peter Aghahowa, on Sunday said the assets rose from ₦7.52 trillion in December 2017, to ₦8.14 trillion in May 2018. The commission said,”the pension assets as […]
Read More The National Pension Commssion has dragged Center Point Network Limited to court over non-compliance with contributory pension funds for its workers. The suit was brought before Justice Edith Agbakoba of the National Industrial Court Abuja, on Monday. The commission’s lawyer, Mr Elendu Awa, held that the company had defaulted in complying with the commission’s rules […]
Read More Nigeria’s National Pension Commission ( PenCom) has listed 12, 919 employees of the Federal Government due to retire between January and December 2018 on procedure for retirement. Head Corporate Communication Department, Emeka Onuora, who made this known in a statement, said this has been achieved through a training session tagged, “2017 Pre-Retirement Workshop from retirees […]
Read More The total pension assets under the Contributory Pension Scheme rose to v6.4tn at the end of April this year. Figures obtained by correspondent from the National Pension Commission revealed that 55 per cent of the fund, totalling ₦3.6tn, was invested in FGN bonds. According to the commission, the fund rose from ₦4.6tn at the end […]
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The Nigeria Employers Consultative Association, NECA, has expressed concern over the non-approval by the National Assembly of Board of some key regulatory agencies, including the Securities and Exchange Commission, SEC; National Pensions Commission, PenCom; Financial Reporting Council of Nigeria, FRCN; and Nigerian Social Insurance Trust Fund, NSITF. Speaking at a press conference to mark the […]
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Acting President Yemi Osinbajo, on Saturday, appointed a new Director General for the National Pension Commission, PENCOM. Mr Funso Doherty, whose appointment is subject to Senate confirmation, replaces Mal. Dikko Aliyu AbdulRahman, who has now been appointed as Chairman, Governing Board of the Bank of Industry (BoI). President Muhammadu Buhari had, on April 13, named […]
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