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National Pension Commission
The National Pension Commission (PenCom) has declared loss of confidence in the leadership of the House of Representative ad-hoc committee set up to investigate its activities.
The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners.
The National Pension Commission (PenCom), says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years.
President Muhammadu Buhari has launched the Micro Pension Plan (MPP) for workers in the informal sector.
In reaction to the plan by a 65-year-old retired teacher who served in the Bauchi State Civil Service, Mr Alhamdu Dan’Azumi, to terminate his own life, the National Pension Commission (PenCom) on Friday promised to assist him in getting his entitlement.
President Muhammadu Buhari has said the Peoples Democratic Party (PDP) owes Nigerians explanations on how it expended the resources that accrued to the country from oil sales between 1999 and 2014.
The Pension Fund Administrators have invested N636.99bn out of the total pension funds in their custody in banks as of the end of November 2018.
The House of Representative has started investigations into the activities of the National Pension Commission (PENCOM) from April 2017 to date on the alleged violation of the Act establishing the commission.
The National Pension Commission says it has recovered pension contributions and interest totalling N564.67million from defaulting employers during the third quarter of 2018.
The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.
The National Pension Commission is set to attract 60 million Nigerians in the Informal Sector to the pension scheme.
Tackling low-insurance patronage in the country was the focal point of Friday when the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC), the National Pension Commission (PenCom) and other members of the financial sector brainstormed in Abuja to unveil a new policy on deepening financial inclusion.
The Central Bank of Nigeria on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services.
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme.
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