Tag: Pension funds

Finance

Informal workers demand 50-50 pension co-contribution from FG

The Federation of Informal Workers Organisations of Nigeria has called on the Federal Government to introduce a 50:50 pension co-contribution scheme for informal workers as part of urgent measures to strengthen social protection for millions of Nigerians operating outside the formal sector. Vanguard reported that in a statement, FIWON said more than 93 per cent […]

Finance

PenCom to deploy tools for states pension compliance enforcement

The Director-General of the National Pension Commission, Omolola Oloworaran, has disclosed that the agency plans to deploy “tools” to enforce pension compliance at the state level. Nairametrics reported that she made this known during a press interview on Thursday on the sidelines of the maiden edition of the bi-annual consultative session for Heads of Service […]

Business

Pension industry forms consortium to bridge Nigeria’s infrastructure gap

The pension industry has commenced moves to establish an investment consortium aimed at bridging the huge infrastructural gap in the country. Director General of the National Pension Commission, PenCom, Ms. Omolola Oloworaran, disclosed this yesterday at a press briefing in Lagos after the first Pension Industry Leadership Council (PILC) meeting. Oloworaran disclosed that PILC is […]

News

Pension funds hit N19.79tn in April

Nigeria’s pension fund value increased to N19.79 trillion in April after declining by 0.47 percent in March. The National Pension Commission data shows that it increased by 0.60 per cent, according to The Punch. The value of the pension funds as of February stood at N19.76tn. In a similar vein, the number of members in […]