Tag
PENCOM
news and analysis about pencom
Pension contributions in Nigeria rose by N169.9 billion in the second quarter of 2019 to push the aggregate total contributions to N5.45 trillion.
Pension fund administrators pile up cash in anticipation of withdrawals
Pension plan participation among Nigerians increases as evidence from available data from the National Pension Commission shows that 108,259 more people registered to participate in pension funds in the months of April and May 2019.
Pension fund assets in Nigeria increased by N186.43 billion in the first quarter of 2019 to push the total pension assets to N9.03 trillion. This is according to the latest report released by PenCom [@PensionNigeria]
The National Pension Commission (PENCOM) said it has concluded plans to begin verification of prospective retirees across some states in Nigeria.
The way different people perceive and interpret the involvement of pension funds with financial products issued by the Federal Government has always been a battle of semantics or nomenclature.
Lawmakers have accused PenCom of refusing to provide its statement of account to aid the investigation into the alleged withdrawal of N33 billion from PenCom's account.
The acting Director-General, National Pension Commission, Aisha Dahir-Umar has dispelled claims that the non-composition of a board for the commission was affecting the management of the fund.
PenCom has out doored yet another radio programme entitled, “PenCom on the radio”.
Over 8.41 million Nigerians have been captured in the Contributory Pension Scheme (CPS), with the number expected to rise as more Nigerians key into the scheme through the micro-pension scheme to be launched between January and March.
Pension funds investment in FG issued securities increased in the month of October.
It appears that the radio program started recently by PenCom is already paying off.