The National Pension Commission (PenCom) is waiting for the release of funds from the Federal Ministry of Finance to be used in paying accrued pension rights of Federal Government retirees under the Contributory Pension Scheme (CPS)
Despite the different strategies employed by the National Pension Commission (PenCom) to persuade and encourage state governments in Nigeria to comply to the provisions of the Pension Reform Act (PRA) 2014, states’ compliance to the Contributory Pension Scheme (CPS) remains inconsistent and worrisome to operators
Pension regulator, the National Pension Commission (PenCom) says the planned micro pension scheme aimed at expanding the Contributory Pension Scheme (CPS) into the informal sector will takeoff in January 2019.
Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC (“Stanbic IBTC”). Although the matter is in court, we are constrained to respond to certain aspects of the report for the benefit of our stakeholders and the general public.
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