Some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the […]
Pension
Lagos State pays N27.41bn accrued pension in less than two years
From left: Chairman, House Committee on Establishments, Training and Pension, Hon Adedayo Famakinwa, Commissioner Establishments, Training and Pension, Dr Akintola Benson Oke, presenting a bond certificate to a retiree; Director-General, Lagos State Pension Commission, Mrs Folashade Onanuga and other dignitaries at the event. Leave a comment and share Chuks Udo […]
2016 budget: FG releases N73bn for settlement of pensioners retirement benefits in 2016
President Buhari THE Federal Government has released a total N72.939 billion for the settlement of pensioners retirement benefits in the 2016 Budget, the Director-General, Budget Office of the Federation, Ben Akabueze, revealed on Wednesday. Also, Akabueze said a total of N231, 828 billion has been proposed in the 2017 Budget […]
PenCom set to open transfer window – Mele
The National Pension Commission (PenCom), has concluded arrangements for the opening of transfer window to customers. Mr Adamu Mele, Executive Director, Operations and Services, Premium Pension Limited, made the disclosure in an interview with the News Agency of Nigeria (NAN), in Abuja on Wednesday. According to him, there are several […]
‘Lagos state pays pensions, salaries monthly’
Co – Chairman, Joint Negotiation Council (Trade Union) Comrade Obafemi Oyenubi, Chairman House Committee on Establishments, Training, Pensions and Public Service Hon. Adedayo Famakinwa, Hon. Commissioner Ministry of Establishments, Training and Pensions, Dr. Akintola Benson Oke, Ag Head of Service, Mrs Folashade Adesoye, Permanent Secretary Office of Establishments and Training/Chairman […]
Breaking: Anohu-Amazu hands over position to Dahir-Umar
.PenCom assures safety of pension assets The former Director-General, National Pension Commission (PenCom), Mrs Chinelo Anohu- Amazu, today handed over the mantle of leadership to an Acting Director-General, Mrs Aisha Dahir-Umar. A statement by the Head, Communication PenCom, Emeka Onuora, said Mrs Aisha Dahir-Umar, will steer the activities of the […]
Anohu-Amazu: An Amazon Bows Out of PenCom
Anohu-Amazu Hadiza Mailafia Although the recent leadership changes by the Federal Government (FG) affected 23 of its agencies, the removal of the Director-General (DG) of the National Pension Commission (PENCOM), Mrs. Chinelo Anohu-Amazu, and PENCOM commissioners has raised a lot of dust. Unlike in most organisations where staff go on […]
Why DSS stormed Pencom, by insider
DSS By Mathias Okwe • Ex-Director General Hands Over Tomorrow Detectives from the Department of State Security (DSS) have raided the office of the National Pension Commission (PenCom) apparently to arrest its recently sacked Director -General, Mrs. Chinelo Anohu-Amazu for reasons yet unknown. Mrs. Anohu- Amazu, who confirmed the invasion […]
Nigerian Pension Funds continue to reduce exposure to Equities
In a bid to bolster their performance, strengthen their risk management strategies and in response to the lack luster performance of the Nigerian stock market, pension fund managers in Nigeria have increasingly been reducing their exposure to the stock market by allocating less and less of their assets to domestic […]
Pension funds post strong first-quarter return
RSA Pension funds, on the average, returned 2.84% while Retiree Funds had an average return of 3.4% in the first Quarter of 2017. By contrast, the return of the Nigeria Stock Exchange’s Pension Index for Q1 2017 is negative -1.14%. All the pension funds category tracked by Quantitative Financial Analytics […]
