Archives for PENSIONS - Page 24
PenOp Partnership With AVCA To Empower Local Investors
Pension Fund Operators Association of Nigeria (PenOp) has partnered the African Private Equity and Venture Capital Association (AVCA) to empower local investors and develop private equity (PE) as an asset…
Crisis hits pension unions as federal retirees exit NUP
Following consistent disagreements between Federal Civil Service Pensioners (FCSP) and the Nigeria Union of Pensioners (NUP), FCSP has announced its intention to pull out of the NUP to form an…
N51.30bn pension funds decline: ‘We are diversifying to increase yields’- PenOp
By Ngozi Onyeakusi---- As part of efforts to grow the pension funds asset which suffered a billion decline in February, the Pension Fund Operators Association of Nigeria (PenOp), has said…
Lagos pays 358 retirees over N1bn entitlements
Babajide Sanwo-Olu. Governor Lagos State The Director-General, Lagos State Pension Commission, Mr Babalola Obilana, has said the state government paid over N1bn to retirees in April. He disclosed this while…
Experts Implore Employers To Join New Pension Scheme
By Ngozi Onyeakusi--- Experts have implored employers in both private and public sectors to take seriously, the pension package of their workers. The experts, who spoke during a virtual training…
PenCom gives PFAs one year to recapitalise to N5bn
The National Pension Commission (PenCom) has given Pension Fund Administrators one year to increase their shareholders' fund to the tune of N5 billion from N1 billion. PenCom had ealier communicated…
Axa Mansard Pensions Announces Change Of Name To Tangerine Pensions Ltd
By Ngozi Onyeakusi---- Following receiving of all necessary approvals from the National Pension Commission (PenCom), AXA Mansard Pensions Limited has announced a rebrand and change of name to Tangerine Pensions Limited. This…
Premium Pension investment assets soars to N674 billion
A pension fund administrator (PFA), Premium Pension Limited, has recorded an assets under management (AUM) growth to billion last year, from billion in 2019. This was disclosed by the chairman,…
Ekiti State releases another N250m to pay 86 retirees
Gov. Fayemi By Ngozi Onyeakusi--- Ekiti State Government has released another sum of N250million as pension to 86 retirees in the State. The acting Executive Secretary of Ekiti State Pension…
Contributory pension assets drops by N7bn to N12.299tn in January
PenCom DG, Aisha Dahir- Umar By Ngozi Onyeakusi----- The Contributory Pension Scheme which had maintained a steady rise since inception as the fastest growing fund in the…