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Pension Reform Act

Federal government approves N1.3 billion to families of dead civil servants

The Federal Government has approved the sum of N1.3 billiin for death benefits of 497 deceased workers in the federal civil service.

Federal government approves N1.3 billion to offset death benefits of 497 workers

The federal government has approved the sum of N1.3 billion to pay death benefits of 497 deceased workers in the federal civil service.

The coming of micro pension plan

True to the notification, on Thursday, March 28, President Muhammadu Buhari launched the micro pension plan (MPP) which automatically extends retirement benefits to millions of self-employed workers in the informal sector.

NNPC invites tenders from prospective traders of crude, importers of petroleum products

The Nigerian National Petroleum Corporation (NNPC) has invited tenders from prospective traders in Nigeria’s crude and importers of petroleum products under its 2019-2020 fuel supply programme. An invitation to tender published on the corporation’s website...

PenCom directs PFAs to invest on projects

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to invest a minimum of 60 per cent of their funds on projects within Nigeria.

Pencom set to attract 60 million Nigerians to pension scheme

The National Pension Commission is set to attract 60 million Nigerians in the Informal Sector to the pension scheme.
Ayodele Subair

Lagos revenue agency directs employers to deduct 10% as tax from terminal benefits

The Lagos Inland Revenue Service (LIRS) has directed employers to deduct capital gains tax (CGT) from any sum paid to employees on termination of their services.

Federal government to release N4 billion as pension for professors, permanent secretary

The Federal Government is set to release N4bn to kick-start the payment of full salaries as minimum pensions for some categories of retirees under the Contributory Pension Scheme.

House of Reps disagree over motion to investigate federal government’s alleged violation of PenCOM...

Mr Yakubu Dogara, Speaker of the House of Representatives, House Leader, Mr Femi Gbajabiamila and other members on Thursday disagreed over a motion to investigate alleged violation of PenCOM Act by the Federal Government.
Mary Uduk

Investment advisers urged to embrace technology

The Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has charged investment advisory practitioners in the country to embrace emerging technologies in order to enable them deliver prompt and efficient investment advice to their clients at all times.

PenCom commences radio programme

In a bid to further enlighten the public on the Contributory Pension Scheme, the National Pension Commission (PenCom) unveiled a radio programme titled “Retirement Mata” at the weekend.

PenCom unveils guidelines on voluntary contribution

The National Pension Commission (PenCom) has released official guidelines on voluntary contributions into the Contributory Pension Scheme (CPS).

PenCom issues guidelines on Voluntary Pension Contributions

The National Pension Commission (PenCom) has issued new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI).
Lagos lawyer and human rights activist, Femi Falana

Femi Falana: Nigerians will live better lives if corrupt officials are exposed

A human rights activist, Femi Falana, on Monday said the extensive corruption that has eaten deep into Nigeria’s fabric could be reversed if citizens speak out against the practice.

Federal government commences pre-retirement process

The Federal Government on Monday commenced the pre-retirement process, which includes verification and enrolment of its workers, under the Contributory Pension Scheme.

Federal government borrows N5.5 trillion from pension savings, fails to fulfil funding arrangement

About two years after the Pension Fund Administrators started funding the Pension Protection Fund meant for financing minimum pension payment to retirees under the Contributory Pension Scheme, the Federal Government has yet to fulfil its own side of the funding arrangement.

PenCom: Couples can use pension savings for joint mortgage loans

Married partners, who have Retirement Savings Accounts with Pension Fund Administrators, will be allowed to use their savings to apply for joint mortgage loans under the Contributory Pension Scheme.

Retirees with low savings quit contributory pension scheme

Retirees under the Contributory Pension Scheme who could not be entitled to monthly pensions have withdrawn their money from their respective Retirement Savings Accounts.

Recent Stories

The Chief Medical Director of Obafemi Awolowo University Teaching Hospital, OAUTH, Ile-Ife, Professor Victor Adetiloye, on Wednesday asserted that there was no reason for any Nigerian to seek medical attention abroad.

CMD: Nigerians have no reason going abroad for treatment

The Chief Medical Director of Obafemi Awolowo University Teaching Hospital, OAUTH, Ile-Ife, Professor Victor Adetiloye, on Wednesday asserted that there was no reason for any Nigerian to seek medical attention abroad.

Central bank injects $210 million in inter-bank forex market

The Central Bank of Nigeria (CBN) on Wednesday gave $210million to the inter-bank foreign exchange market.
North Korea’s leader, Kim Jong-un, was welcomed by President Vladimir V. Putin of Russia in Vladivostok on Thursday. Pool photo by Alexander Zemlianichenko

Spurned by Washington, North Korea’s Kim Jong Un seeks a friend in Vladimir Putin

North Korean leader Kim Jong Un met Russian President Vladimir Putin on Thursday at a summit designed to show that Washington is not the only power able to set the agenda on Pyongyang’s nuclear programme.
Magnus Abe

Senator Abe calls for forgiveness among Ogoni people

The Senator representing Rivers South-east Senatorial district in the National Assembly, Magnus Ngei Abe, has appealed to the people of Ogoni ethnic nationality to imbibe the spirit of forgiveness so as to usher in peace, progress, and prosperity into Ogoni land.
Despite claiming a 4-0 win over Nigeria’s Aruna Quadri in the third round of the men’s singles at the 2019 ITTF World Championships in Budapest, Hungary, world number one – China’s Fan Zhendong has said that the African star forehand cannot be underestimated as he gave a good fight in the encounter.

Fan Zhendong: You can’t underestimate Aruna Quadri’s forehand

Despite claiming a 4-0 win over Nigeria’s Aruna Quadri in the third round of the men’s singles at the 2019 ITTF World Championships in Budapest, Hungary, world number one – China’s Fan Zhendong has said that the African star forehand cannot be underestimated as he gave a good fight in the encounter.