The Federal Government announced the successful disbursement of N1.02 billion to 7,091 pensioners from the Power and Transport Sectors of the Parastatals Pension Department. This vital...
The National Pension Commission (PenCom) announced that as of the end of the third quarter of 2023, the number of Retirement Savings Accounts (RSAs) under its...
In a startling development, the registration of workers into the Contributory Pension Scheme (CPS) took a nosedive in the second quarter of 2023 with new Retirement...
Despite Nigeria’s pension assets rising to an impressive N17.1 trillion in July, this financial prosperity is shadowed by a growing wave of discontent among pension contributors...
Over 15,000 retirees, who had not been receiving monthly stipends of at least N10,000 under the Contributory Pension Scheme (CPA), withdrew N7.79 billion from their Retirement...
Employees resort to dipping into their Retirement Savings Accounts (RSAs) amidst growing financial challenges
The regulated pension industry in Nigeria has seen remarkable growth, reporting a 17.5% year-on-year increase in assets under management (AUM) to reach an impressive N16.8 trillion...
Since the Central Bank of Nigeria (CBN) started raising interest rates to curb the rising inflation rate and ease economic hardship on citizens, investors have jumped...
The total assets of the Contributory Pension Scheme grew by N1.56 trillion in 2022 as it recorded N13.42 trillion in 2021
Nigerian workers can now use 25 percent of their Retirement Savings Account (RSA) as equity contribution for mortgages.