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Pencom declares FG has invested 2.89% pension in real estate

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About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

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Edo Assembly approves N200m pension residential building for Oshiomhole

Edo Assembly approves N200m pension residential building for Oshiomhole

Vanguard reports that Edo State House of Assembly, yesterday, approved a pension benefit for a residential building worth N200 million for the immediate past governor of the state, Comrade Adams Oshiomhole, while N100 million was approved for his Deputy, Dr Pius Odubu. According to Vanguard, the decision was made after the House amended the Pension bill titled, A bill for ...

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Global Summit set to Ensure Pension Funds are Invested in the Real Sector

The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu

The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, said the World Pension Summit Africa Special that will kick off in Abuja next week will deepen the discussion around ensuring that pension funds were invested in the real sector for visible and measurable impact on the economy, while also boosting retirement benefits, Vanguard reports. Anohu-Amazu said she was ...

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