PENSION ASSETS SURGE TO N20.79 TRILLION
The entire value of pension assets has increased to N20.79 trillion, according to the National Pension Commission, or PenCom.
This information was revealed on Tuesday in Lagos during the Commission’s quarterly consultative meeting for states and the Federal Capital Territory, FTC, Pension Bureau, by Ms. Omolola Oloworararan, acting director general of PenCom.
READ ALSO:
TROOPS KILL 4 TERRORISTS, RESCUE 20 KIDNAP VICTIMS IN KADUNA, NIGER STATE
According to her, “Pension fund assets under the Contributory Pension Scheme, CPS, continue to grow, with total Assets under management soaring to ₦20.79 trillion as at July 2024. We are pleased to note the steady remittance of contributions by States, with over ₦236.7 billion remitted by States between January 2020 and the second quarter of 2024.”
More Stories
ONDO GUBER POLL: INEC BEGIND DISTRIBUTION OF SENSITIVE MATERIALS
Ahead of Saturday's governorship election, the Independent National Electoral Commission (INEC) has started distributing sensitive materials to Ondo State's local...
BREAKING: FG PROPOSES N47.9TRN AS 2025 BUDGET
The federal government has proposed N47.9 trillion as the total expenditure in the 2025 budget. The minister of finance and...
UPDATE: UEFA APPOINTS ETHICS, DISCIPLINARY INSPECTOR TO INVESTIGATE PREMIER LEAGUE REFEREE COOTE
Following the release of a video purporting to show Premier League referee David Coote sniffing white powder during Euro 2024,...
HEALTH: OYO GOVT CONFIRMS FOUR DEATHS LINKED TO SUSPECTED LASSA FEVER OUTBREAK
Due to a possible Lassa fever outbreak, the Oyo State Ministry of Health has shuttered two hospitals in the Saki...
CASE OF FALANA, FALZ AGAINST VDM FAILS TO PROCEED AS COURT ADJOURNS TILL JAN 23RD
By Aishat Momoh. O. and Sefiu Ajape An Ikeja High Court has adjourned the hearing of a defamation suit filed...
JUST IN: REMAINS OF LATE COAS LAGBAJA ARRIVE ABUJA FOR FUNERAL
Lieutenant General Taoreed Lagbaja, the late Chief of Army Staff, will be buried on Friday in Abuja once his body...