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Pension Commission

PenCom pays N107bn to 313,468 contributors

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states

Micheal Ajay The National Pension Commission has declared a total of N107.93bn paid to 313,468 contributors under the Contributory Pension Scheme that has temporarily lost their jobs. Analysis by PenCom showed that out of the N107.93bn, the private sector accounted for 95.38 per cent of those who benefitted from the payments while the public sector […]

System challenges hamper financial sector growth – Expert

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The operation of the financial sector has been hampered by key challenges in the system. Head, Financial Markets FSS2020 Secretariat, Dr. Charles Ohamara stated this at the 23rd CBN seminar for Business Editors and Finance Correspondents in Sokoto State. He listed these challenges to include: Inadequate skills for financial products development (Capital Market); Inadequate collaboration […]