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National Pension Commission
Most states across the six geopolitical zones in the country are yet to fully implement the Federal Government’s Contributory Pension Scheme (CPS), a report by the National Pension Commission (PENCOM) has revealed.
The National Pension Commission (PENCOM) on Monday advised every working-class Nigerian to key into a suitable pension scheme to prevent poverty at old age.
The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from investing in its open market operations (OMO) auctions may end up providing a welcome boost to one of the world’s worst-performing stock markets, the Nigerian Stock Exchange (NSE).
The National Pension Commission (PenCom) on Wednesday said its priority is the payment of retirement benefits as and when due.
The National Pension Commission (PenCom) has said retirees from the public and private sectors had since the inception of the Contributory Pension Scheme (CPS) paid N371.21 billion premium to life insurance companies managing annuity accounts.
As companies and organisations both in the public and private sectors continue to streamline their workforce to minimise costs, no fewer than 324,141 sacked workers have withdrawn N113.21 billion from their Retirement Savings Accounts (RSAs) as of the end of June.
Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by newsmen has shown.
The rising acceptance of micro pension scheme being driven by the National Pension Commission (PenCom), has led to steady rise in pension assets. The pension funds grew from N9.12 trillion in April to N9.33 trillion in June 2019, indicating a N21 billion increase.
Police retirees under the Contributory Pension Scheme (CPS), supervised by the National Pension Commission (PenCom) are now lamenting over undue delay in the remittance of their accrued benefits said to have accumulated for over one year.
Managing Director and Chief Executive Officer, IEI-Anchor Pension Managers Limited, Mr. Glory Etaduovie, has said that the ongoing data recapturing exercise of pension contributors and retirees by the Pension Fund Administrators, PFAs, nationwide will protect pension clients against cyber crime and other fraudulent intents and activities.
This was revealed by the National Pension Commission (PenCom) in its monthly report on summary of pension fund assets and Retirement Saving Account (RSA) registration published on its website.
The National Pension Commission (PenCom) on Monday continued its 2019 verification and enrolment exercise for employees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs) due to retire between January 1 and December 31, 2020.
Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
The acting Director-General of National Pension Commission, Mrs Aisha Dahir-Umar, has alleged that some of the 36 states operating the Contributory Pension Scheme refused to remit about N3.4 billion pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts (RSAs) with their Pension Fund Administrators (PFAs).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.
The Acting Director-General of the Commission, Mrs Aisha Dahiru-Umar, said the commission would conduct verification exercise of prospective retirees who would retire from public service in the year 2020 between 1 July and 2 August 2019.
Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.
The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.
The members of the U.S. women’s national soccer team who sued the U.S. Soccer Federation (USSF) in March over allegations of gender discrimination can pursue their claims as a class action, a California court ruled on Friday.
The two brothers, include Dr. Adamu Chinoko, who lectures in Ahmàdu Bello University Zaria and Dr. Umar Chinoko, who serves as a lecturer in Kaduna Polytechnic. They are residing at Mahuta, Igabi Local Government area of Kaduna state.
The Industrial Court of Nigeria in the Ibadan Judicial Division has stopped the conduct of the election to usher in new executive of the Nigeria Union of Local Government Employees (NULGE), Oyo State Chapter.
The advocacy was made during the I6th edition of Security Watch Africa Initiatives Annual Conference (SWAIAC) held in Swissotel, Al-Ghurair and Radison Blu Hotel Dubai, United Arab Emirates, from November 6 and 7.
The House of Representatives on Tuesday demanded an immediate halt to the implementation of a directive by the Comptroller-General of Customs, Hameed Ali, that petrol should no longer be supplied to communities within 20-kilometre radius of the land borders.