Finance
Only 0.3% of Nigeria's Informal Workers Have Pension Cover
Just 245,315 of Nigeria's roughly 84.9 million informal workers are enrolled in a pension plan, exposing a vast retirement savings gap, PenCom data shows.
Musa Abdullahi3 min read
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5 results for “Pension”
Finance
PenCom Automates Penalties After N36.6 Billion Recoveries
PenCom has automated penalties for employers that delay pension remittances, after cumulative recoveries from defaulters reached N36.6 billion.
Musa Abdullahi3 min read
Finance
Nigeria Pension Assets Climb Past N31 Trillion as PenCom Eyes Infrastructure
Nigeria's pension fund assets have grown beyond N31 trillion and now cover more than 11 million retirement savings account holders, with the regulator pushing to channel more of the money into infrastructure and the capital market.
Musa Abdullahi2 min read
Business
Pension funds shift toward infrastructure assets
Regulatory changes have widened the menu of long-duration investments available to managers.
Halima Yusuf5 min read
Business
Pension assets reach new high as returns improve
Rising contributions and better investment income have lifted the pool of retirement savings.
Halima Yusuf4 min read