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Wednesday, September 23, 2020

We’ll do everything possible to address Benue’s pension deficits – Gov. Ortom

By Nicholas Dechi Makurdi, July 20, 2020 Gov. Samuel Ortom of Benue says his administration is doing everything possible to address all pension-related issues in the state. The governor stated this in a statement issued by his Chief Press Secretary, Mr Terver Akase, and made...

Lagos gov’t pays N8.7bn to retirees in 6 months

By Rukayat Adeyemi Lagos, July 14, 2020 The Lagos State Government said it paid over N8.7 billion Accrued Pension Rights to 2,309 retirees from its public service between January and June. The Director-General of the Lagos State Pension Commission (LASPEC), Mr Babalola Obilana, disclosed this...

Calls to level up wage discrepant wage structure across MDAs thicken as DPR staff upfront salary gulps ₦8 billion

Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published on the open treasury portal. The review of salary payments between January and April...

Investment in real estate properties, private equity fund drives Nigeria’s pension assets to N10.5tn

The total assets under the Contributory Pension Scheme rose to N10.5tn as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21tn as of the end of 2019 rose by over N289bn...

FG’s Pension Liabilities Hit N494.12bn

The National Pension Commission (PenCom), has disclosed that the federal government’s total arrears of pension liabilities stands at N494.12 billion as at the end of 2019. The Acting Director-General of the Commission, Mrs. Aisha Umar-Dahir, disclosed this at the public hearing organised by the House...

Lagos targets N73.8bn Monthly IGR

The N1.168 trillion budget recently signed into Law by Governor Babajide Sanwo-Olu will promote investments in all sectors of the State's economy as well as make meaningful impacts in the lives of the people, Commissioner for Budget and Economic Planning, Mr. Sam Egube,...

Pension Board pays N534m to Jigawa retirees

The Jigawa State and Local Governments Contributory Pension Scheme Board has commenced the payment of over N534 million as entitlements to 318 beneficiaries. The Executive Secretary of the board, Alhaji Ahmad Fagam, made this known while speaking with newsmen in Dutse on Tuesday. Fagam...

417,000 investors push Nigeria’s investment funds to N993bn in 2019

TOTAL net asset of collective investment schemes and funds in Nigeria has risen by N348 billion to N993 billion, an increase of about 54 per cent in a year. Official reports coordinated by Nigeria’s apex capital market authority, Securities and Exchange Commission (SEC), indicated increasing...

No state will back track on N30,000 minimum wage – Governors

By Matthew Ogune Nigeria governors said they cannot backtrack on their decision to pay the N30,000 minimum wage, describing it as “a settled matter”. NGF Chairman and Governor of Ekiti, Dr Kayode Fayemi made the clarification in Abuja while answering questions from newsmen at the end...

Nigeria Court Revokes Pension Laws Benefiting Ex-Public Officers, Saves 21 States Billions of Naira

Affected ex-governors includes Fashola, Akpabio, Amaechi , Aregbesola, Sylva and others For 21 states with pension laws stipulating post-office benefits running into billions of naira for their former governors and deputies, it was a sigh of relief wednesday as the Federal High Court, sitting in...
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