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Tuesday, June 2, 2020

Nigeria’s pension fund assets hit N8.14 trillion in May 2018

The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May 2018. PenCom in a statement signed by its spokesman, Peter Aghahowa, on Sunday said the assets rose from N7.52 trillion in December 2017, to N8.14 trillion...

Nigeria’s pension regulator recovers N14 billion unremitted contribution

THE National Pension Commission (PenCom), has recovered unremitted contributions with interest penalty from the private sector amounting to N14billion. The Acting Director General of the Commission, Mrs. Aisha Dahiru-Umar, who disclosed this in an interview with Vanguard in Abuja yesterday, said the Commission has...

Nigerian pension funds rise by 3.76% in Q1 2018

Nigeria’s RSA Pension funds posted a median gain of 3.76% during the first quarter of 2018, according to financial analysis firm, Quantitative Financial Analytics. Despite falling yields, this performance was better than what it was in the corresponding period of last year when...

Pencom begins multi-fund structure for pension assets July 1

The National Pension Commission on Thursday said the implementation of the multi-fund investment structure for all active contributors under the Contributory Pension Scheme would commence on July 1 this year. The Head, Investment Supervision Department, PenCom, Mr. Ohioma Ehimeme, said this at a workshop with...

Lagos pays N9.3 billion as pension to 2,466 retirees

The Lagos State Government said on Friday that it paid N9.3 billion as pension to 2,466 retirees in the state, between May 2017 and March 2018. Dr Akintola Benson-Oke, the state Commissioner for Establishment, Training and Pensions, said this at the 2018 Ministerial Press Briefing,...

Pension fund assets hit N7.5trn in 2017 — NBS

•53.8% invested in FGN Bonds Nigeria Bureau of Statistics (NBS) yesterday said that the nation’s pension fund assets grew by N351 billion to N7.5 trillion in the fourth quarter of 2017 (Q4 2017) The Bureau disclosed this in its Pension Asset and Membership Data...

FBNQuest says 7.71m Nigerians covered by contributory scheme is out of reach for PFAs

The assets under management (AUM) of the Nigerian regulated pension industry increased by 22.0% y/y in December to N7.52trn (US$24.6bn), and by 1.5% m/m. They are growing at a decent rate yet, at just 6.7% of GDP for the 12 months through to Q3...