Business

FACTCHECK: Pension funds, other borrowings: Separating facts from falsehood

Ihesiulo Grace 22 January 2021 0

By Philip Shimnom Clement A former minister of Aviation, Femi Fani-Kayode on January 14, 2021 using his Twitter  handle (@realFFK) tweeted that the federal government has borrowed N6 trillion from Nigeria’s pension fund while state governors are now planning to borrow another N17 trillion.

News

Workers scared of retirement as bottlenecks choke pensions

Ihesiulo Grace 14 September 2020 0

NUP regrets plight of members, 12 months wait for pension By Ukpono Ukpong Despite several interventions by the Federal Government including the introduction of the Contributory Pension Scheme in 2004, to assist Nigerians with pension plans, retirees in the country especially in the public sector, still have to wait for about 12 months to get […]

News

Sovereign wealth funds, pension funds need to be invested in Africa – Adesina

Ihesiulo Grace 10 February 2020 0

ADDIS ABABA, Ethiopia – The African Development Bank, the United Nations, and the African Union on Saturday acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation. The call was made on Saturday at the launch of the first report on the implementation of Agenda […]

Business News

World’s top pension funds value at $8.1 trillion – study

Ihesiulo Grace 4 September 2018 0

The 300 largest pension funds in the world grew assets under management by 15.1 percent in 2017 to reach a combined value of $18.1 trillion, a study on Monday showed. According to the research from Willis Towers Watson’s Thinking Ahead Institute, the growth was more than double 2016’s 6.1 percent increase. Willis Towers Watson is […]