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Kaduna Govt Commences Implementation of New Pension Scheme

The Kaduna State Government is to commence the implementation of the new pension scheme on Tuesday by paying pension benefits to its retirees scheme. The Executive Secretary of the tate Pension Bureau, Mr. Dan Ndackson, who disclosed this at a news conference in Kaduna yesterday, said the state government introduced ...

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Ghana: Pension funds seen boosting GSE activities

Financial analysts have tipped the stock market to continue its strong recovery on the back of an expected increase in activity on the pension funds market. Benjamin Amoah-Adjei, a financial research analyst at FirstBanC Financial Services: “We have seen a very strong recovery in the stock market since December last ...

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Kengen to Sell 5% Stake to South African Pension Fund

Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public Investment Corporation SOC Ltd, the Fund’s manager, in which the South African pension scheme will acquire “351,210,589 ...

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1.1 million pensioners die awaiting pension in Kwara – NUP

Nigeria Union of Pensioners, NUP, has claimed that a total of 1,126,000 pensioners in Kwara state alone, have died between January 2015 and February, 2017 awaiting their pensions from the state government. The union accused the state government of being the cause of the death of local government pensioners. They ...

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Healthy growth of the PFAs; Assets under management increased by 15% to N6.02trn

The assets under management (AUM) of the Nigerian pension industry increased by 15.3% y/y to N6.02trn (US$19.7bn) in November, according to the regulator, Pencom. We view the increase as creditable when we make allowances for the arrears in contributions by some state governments and public agencies. The breakdown by asset ...

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FG yet to pay N73b to 2016 retirees PenCom *As PenCom requests N133.02bn for FG retirees in 2017 budget

The Director General PenCom, Mrs Chinelo Anohu- Amazu at the budget defence session on the 2017 budget estimate.           The National Pension Commission (PenCom) has said that Federal Government is owing its workers who retired between January and December 2016 the total sum of N73.1 billion. The ...

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Nigeria needs N204bn to settle pension backlog

The League of Federal Service Contributory Pension Retirees says the Federal Government will need N204 billion to clear the backlog of arrears owed its members. Got something awesome to share with the world? Click here to share The Coordinator, Mr. Chike Ogbechie, who decried the non-payment of allowances and pensions ...

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Premium Pension unveils ultra modern regional office in Lagos* Pays N118bn as benefits to retirees

L-R Mrs Maryam L. Mohammed, Regional Manager, Lagos, Premium Pension Limited, Mrs. Folashade Adeboye, Ag Head of Service, Lagos State, professor Abubakar Kaoje, Commissioner, Inspectorate, National Pension Commission, Mr. Aliyu Dikko, Chairman, Board of Directors, Premium Pension Limited and Mr. Wilson Ideva, Managing Director during the commissioning of the Lagos ...

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Nigerian Pension Funds Outperform Bench Mark Index but not inflation

Nigerian pension funds once again recorded another year of brilliant performance in 2016 roundly beating the NSE Pension Index by wide margins. The NSE Pension index ended the year 2016 at 810.04 points from its 2015 value of 815.16 points, thereby ending the year down by 5.13 points or -0.63%. ...

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