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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 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.
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.
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.
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.
Ogun State Governor Dapo Abiodun has said that the composition of his administration’s cabinet will be determined by merit, stressing that qualified professionals were imperative to the execution of his plans for the people of Ogun.
The Ogun State governor, Prince Dapo Abiodun, has assured civil servants in the state that his administration would meet their expectations steadily.
The Organised Labour has called on the Federal Government to quickly finalise the salary adjustment and implementation of the new National Minimum Wage for workers in the country.
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) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.
A total of 33 places in the boxing tournament at Tokyo 2020 will be up for grabs at the African Olympic qualifier beginning in Dakar tomorrow.
Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.
Imo State Governor, Hope Uzodinma, has sought a refund of over N32billion his predecessors spent on Federal Government’s projects, especially on roads in the state.
South Korea reported its first death from the new coronavirus on Thursday, with 53 new cases of the coronavirus confirmed in a single day to bring the total to 104.
Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.
Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.
Kaduna State Police Command has confirmed that seven persons were killed and five others injured in Maro village, a border community between Kajuru and Kachia Local Government Area of the state.
The Oluwo of Iwo, Abdulrosheed Akanbi, on Friday, allegedly assaulted another monarch, Dhikrulahi Akinropo, the Agbowu of Ogbaagba, over land dispute.
Angola’s ex-president has defended his son and a former central bank governor who are accused of embezzling $500 million from the country’s sovereign wealth fund, court documents showed on Tuesday.
Anglican Bishop of Umuahia Diocese, Rt Rev Godffrey Obijuru Ibeawuchi, has warned the Federal government against manhandling people who are genuinely expressing their desires on some burning national issues.