Tag: Pensions
Pension fund assets now N14.99trn in Q4’22 – PFN
Reports from the National Pension Commission (PenCom) on the performance of the pension industry in Nigeria indicated that pension fund portfolio rose from N13.42...
Pension assets rebound, gain N164bn in one month
The assets under the Contributory Pension Scheme returned to a growth path to gain N164bn in October after incurring a loss of almost N2bn...
Lagos remits N45bn into workers’ pension accounts
Lagos State Government has remitted N44.5bn into workers’ retirement savings accounts, which covers May 2019 to October 2022.
The Director-General, Lagos State Pension Commission, Babalola...
FG’s spending on gratuity, pension, dips to N356bn- CBN
The Federal Government’s expenditure on pensions and gratuity dropped slightly by N3.48bn in 2021, the Central Bank of Nigeria has disclosed.
According to the data...
Retirees, workers oppose FG’s plan to borrow N620bn from pension funds
Plans are underway by the Federal Government is planning to borrow $1.5bn (N620bn) loan from pension funds for its proposed N7.73tn investment in transport...
Lagos Assembly slashes ex-govs’ pensions by 50%
Lagos State House of Assembly has slashed the pension of former governors of the state by 50 per cent.
The decision was taken after the...
Pension fund assets for June now hits N12.66 trillion – PenCom
The National Pension Commission (PenCom) has disclosed that pension fund assets rose to N12.66 trillion as of June 30, with contributors under the Contributory...
Lagos paid over N32bn to 7,998 retirees in 2 years
Retirees under the Lagos State Government have been paid over N32 billion in the past two years.
This was made public by Mr Babalola Obilana,...
Pensioners’ payments to increase May, FG announces
Pensioners in the country will have increased earnings as an adjustment of the new pension payment is expected to commence from the May 2021...
N6.2bn was paid to 16,210 pensioners, FG says
Pensioners totalling about 16,210 have been paid their arrears of N6.2 billion naira.
The announcement was made by the Pension Transitional Arrangement Directorate in charge...
Sustainable Agriculture as a Pillar of Climate Adaptation in Africa –...
Evelyn Dan Epelle, San Jose, California
ADIS24 - Africa stands at the forefront of climate change impacts, despite its low contribution to greenhouse gas emissions....
