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Pension

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Lagos State Government To Clear Pension Backlog By December

The Lagos State government has pledged to clear the lingering backlog of pensions by the end of 2023, ensuring that retirees receive their entitlements promptly. This announcement was made by Mr. Afolabi Ayantayo, the Commissioner for Establishments and Training in Lagos State.
October 17, 2023
PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

The National Pension Commission (PenCom) penalised 25 employers for defaulting on pension remittance, the commission disclosed in its fourth quarter report for 2022. Prime Business Africa gathered that the defaulting firms paid a penalty of N666.03 million and their principal contribution of
March 6, 2023
Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Pension Assets Rise By N1.11tn, Hit N13.42tn

Prime Business Africa has gathered that the pension assets under the Contributory Pension Scheme rose by N1.11tn in 2021. This Newspaper obtained the figure from the National Pension Commission’s report released on Wednesday. PenCom, in its unaudited reports on pension funds industry
February 17, 2022

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