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National Pension Commission
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.
The National Bureau of Statistics (NBS) said the number of registered workers under the pension scheme in the first quarter of 2019 hit 8, 569, 037 compared to 8, 410,184 registered workers in fourth quarter, 2018.
The House of Representatives, holding a public hearing on allegation of abuse, breach and violation of the Public Procurement Act 2007 by the National Pension Commission in its procurement activities covering October 2014 to March 2017, has again asked a former boss of the commission, Chinelo Anohu-Amazu, to appear before it.
A Chartered Insurer and former Managing Director of Linkage Assurance Plc, Dr. Pius Apere, has kicked against the multi-fund investment structure introduced last year by the National Pension Commission (PENCOM), stressing that the Pension Fund Administrators (PFAs) have not created enough awareness on the initiative.
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.
The National Working Committee (NWC) of the All Progressives Congress (APC) is in a meeting with the governors elected on the platform of the party.
Aaron Ramsey will miss the chance to make his competitive debut for new club Juventus in their opening Serie A game against Parma.
Barely 24 hours the Federal Bureau of Investigation (FBI), arrested 80 Nigerians for fraudulent activities, a global firm, Dynamics Intelligence, Friday shut-down its operations in the country.
Fernando Torres hung up his boots on Friday but was given a special message from former Liverpool team-mate Steven Gerrard as he did so.
President Muhammadu Buhari has approved wide ranging reforms in the broadcasting industry, including the licensing of online radio and television stations.
The Men’s senior National Basketball Team will tonight leave for China for the final phase of their 2019 FIBA World Cup preparations.
Rwanda Football Federation (Ferwafa) has appointed Vincent Mashami as their coach for the men's national football team.
Former world number one Andy Murray is set to compete in his first Challenger Tour event in 14 years at the Rafa Nadal Open in Manacor, Spain, next week.
The Argentine attacker had a below-average season last time around while Eriksen had spoken about taking up a new challenge after the Champions League final.
Samson Siasia has vowed to clear his name after world governing body FIFA banned him yesterday from football following an allegation of match-fixing brought against him.