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PenCom registers 28,000 micro-pension subscribers

The National Pension Commission (PenCom) has disclosed that the micro pension scheme launched in March 2019, has recorded a total number of 28,000 contributors from 19 Pension Funds Administrator (PFAs) as at October 2019.
Ahmed Musa of Nigeria during the 2019 Africa Cup of Nations Finals, Semifinals match between Algeria and Nigeria at Cairo International Stadium, Cairo, Egypt on 14 July 2019 ©Samuel Shivambu-BackpagePix

Nigeria recall Ahmed Musa for 2021 Africa Cup qualifiers

Nigeria recalled skipper Ahmed Musa, South Africa-based goalkeeper Daniel Akpeyi and midfielder Mikel Agu on Monday for next month’s 2021 Africa Cup of Nations qualifiers against Benin and Lesotho.
Serbia’s Novak Djokovic celebrates with the trophy after winning the men’s singles final against John Millman of Australia at the Japan Open tennis tournament in Tokyo on October 6, 2019. (Photo by Behrouz MEHRI - AFP)

Andy Murray climbs over 200 places as Novak Djokovic stays top in ATP rankings

Former world number one Andy Murray climbed over 200 places in the new ATP rankings released on Monday while Novak Djokovic extended his lead over Rafael Nadal at the top.

Pencom: Sacked employees withdraw N113.21 billion from pension funds

As companies and organisations both in the public and private sectors continue to streamline their workforce to minimise costs, no fewer than 324,141 sacked workers have withdrawn N113.21 billion from their Retirement Savings Accounts (RSAs) as of the end of June.

Central bank to sanction banks for e-payment breach

Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party end-to-end payment solution are to face sanctions, the apex bank said on Tuesday.
EDITORS NOTE: Graphic content / A picture taken on April 8, 2019 shows shipping containers sitting at the Apapa Port Complex in Lagos, Nigeria's economy hub. - The Nigerian port is congested with hundreds of ships, idly queueing for days to offload containers with goods. Lagos port congestion is affecting port operations and creating a severe backlog at ports, causing carriers’ containers to be held in port for extra days, as well as creating several miles of truck traffic at roads that links to port gates. (Photo by PIUS UTOMI EKPEI / AFP)

NPA not owing pensioners – management

The management of the Nigerian Ports Authority (NPA) has described as misleading and diversionary the news that it refused to pay outstanding benefits to workers disengaged in May 2008.
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.

Micro pension plan, grassroots campaigns lift assets to N9.33 trillion

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 groan over delayed pension payment

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.

Pension contributors Inject N21 billion Into PenCom assets fund

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.
Greek teen Stefanos Tsitsipas

Stefanos Tsitsipas enters ATP top five for the first time

Washington Open semi-finalist Stefanos Tsitsipas has for the first time climbing into the top five of the latest ATP rankings released Monday.

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.
Novak Djokovic on Friday continued his quest for a record seventh Australian Open crown by swatting aside French 28th seed Lucas Pouille 6-0, 6-2, 6-2 to set up a final against Rafael Nadal.-1

Novak Djokovic heads into clay season secure as world number one

The Serb is almost 2,500 points ahead of Rafael Nadal while third-placed Alexander Zverev will hope to pick up points at the Marrakech claycourt event this week when Britain’s Kyle Edmund will hope to make moves to regain his place in the top 20.

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.
Roger Federer

Roger Federer goes fourth in rankings after Miami triumph

Roger Federer jumped up one spot to fourth in the ATP rankings released on Monday after capturing his 101st career title with his victory over John Isner in Miami.
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 recovers N564.67 million un-remitted pension

The National Pension Commission says it has recovered pension contributions and interest totalling N564.67million from defaulting employers during the third quarter of 2018.

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.

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