Nigeria’s pension industry recorded an impressive growth of N4.16 trillion in 2024, pushing total pension assets to a historic high of N22.51 trillion from N18.36 trillion in the previous year.
The Kaduna State House of Assembly has passed a bill into law that allows retirees in the state to access 25% of their retirement benefits, even if the state government has not fully made its contribution.
The Lagos State Government has disbursed N740 million in accrued pension rights to another batch of 348 retirees.
The Nigeria Labour Force Survey published by the National Bureau of Statistics (NBS) reports that only 26.3% of Nigerian workers have a pension plan and health insurance in 2023.
Norrenberger Pensions published its 2023 corporate and pension fund audited accounts, providing a summary overview of its financial health and fund performance.
CrusaderSterling Pensions has demonstrated stable financial health for its shareholder in 2023
A successful retirement plan does not overly depend on the goodwill of your children, family, or friends, even if they are financially stable.
In certain states of the federation, retirees are receiving remarkably low monthly pension payments, some as little as N450, N500, and N1,000, as highlighted by the Nigerian Union of Pensioners (NUP).
Mr. Ajani Samuel joined the services of the Lagos State Government as an information officer fresh out of the university in January 1983.
Stanbic IBTC Pension Managers' assets under management for Retirement Savings Accounts (RSAs) increased to N4.38 trillion in 2022, with positive performance across various funds.
PenCom has released a guideline specifying how RSA account holders can access part of their RSA balances as equity for residential mortgages.
Oak Pensions Fund I led the performance table with a return of (2.16%)
