News

PENCOM loses N116.87bn from its accounts, blames it on job losers

Ihesiulo Grace 25 August 2020 0

The National Pension Commission (PENCOM) has said that a total of 331,003 workers who lost their jobs have withdrawn N116.87bn from their Retirement Savings Accounts under the Contributory Pension Scheme. PENCOM made this known in its third quarter 2019 report, which was released on Monday,

News

PENCOM may open PFA Transfer window June 2020 — Official

Ihesiulo Grace 2 November 2019 0

The National Pension Commission (PENCOM) on Saturday said that it would open the window for the transfer of Pension Fund Administrator (PFA) tentatively by June 2020. Mr Peter Aghohowa, Head ,Corporate Communication, PENCOM said this in an interview with the News Agency of Nigeria(NAN) on the sidelines of the 2019 media retreat organised by the […]

Business

We’re investing Pension assets in critical sectors of economy – PenCom DG

Ihesiulo Grace 19 October 2019 0

The acting director general of the National Pension Commission (PenCom), Aisha Dahir-Umar says the Commission is investing pension assets to advance socio-economic growth in critical sectors of the economy. Dahir-Umar says the pension assets which has grown to N9.4trillion as at August 2019, is channeled to investments in critical sectors especially at a time when […]

Business

Ndukwe’s dynamic leadership style will lift MTN Nigeria -ATCON

Ihesiulo Grace 6 August 2019 0

Ladesope Ladelokun The Association of Telecommunications Companies of Nigeria (ATCON) has passed a vote of confidence on the newly-appointed Board Chairman of MTN Nigeria, Dr Ernest Ndukwe, expressing confidence in what it described as his dynamic leadership style to positively impact the company. ATCON President, Mr Olusola Teniola, made this known in a statement made

Insurance

PenCom Releases Pension Fund Investment Guideline

Ihesiulo Grace 23 April 2015 0

The National Pension Commission (PenCom) has released the Draft Regulation on Investment of Pension Fund Assets to guide Pension Fund Administrators (PFAs) and other investors who have been agitating for the use of accumulated pension fund assets, now in excess N4.6 trillion, to develop infrastructure across the country. The Commission in a statement by Emeka Onuora, […]