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Retirement Savings Account

Expert seeks increased awareness on multi-fund investment structure

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 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.
National Bureau of Statistics NBS

NBS: FGN bonds top N8.63 trillion pension funds’ assets

Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 (Q4 2018), compared to N8.32 trillion in Q2, according to the National Bureau of Statistics (NBS).

Pension: Lagos signs 18 percent new CPS contribution rate into law

The Lagos State Pension Commission (LASPEC) on Sunday said that Gov. Akinwunmi Ambode has signed into law the Amended Lagos State Pension Reform Law.

PenCom: Pension funds hit N8.45 trillion

Latest operational report from the National Pension Commission (PenCom) has revealed that Nigeria’s Pension Assets under the Contributory Pension Scheme (CPS) now stands at N8.45 trillion.

Lagos government settles N688 million accrued pension rights

The Lagos State Government said it released N688 million to 178 retirees in October to offset part of their accrued pension rights.

PenCom recovers over N465m from defaulting employers in Q2

The National Pension Commission (PenCom) said it recovered a total of N465.02 million as outstanding pension contributions from defaulting employers in the second quarter of 2018, Q2’18.

PenCom: Employees can make non-obligatory voluntary contributions into their RSAs

The National Pensions Commission says that employees can make Voluntary Contributions into their Retirement Savings Account besides mandatory pension contributions.

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).

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.

Lagos govt retirees receive N1 billion in November

Governor Akinwunmi Ambode has again, delighted Pensioners in Lagos State Public Service, inclusive of Local Government and SUBEB by releasing the sum of N1,075 billion into the Retirement Savings Account (RSA) of 301 Contributory Pension Scheme (CPS) retirees in the month of November.

PenCom tasks federal govt on social security scheme

The National Pension Commission has urged the Federal Government to establish a social security scheme to alleviate the sufferings of Nigerians.

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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.