The Nigerian government, through the National Pension Commission, has approved a 1,173 percent increment for Nigeria Social Insurance Trust Fund (NSITF) retirees after nearly 21 years of protest. PenCom disclosed in a statement on Wednesday that the 2,116 NSITF retirees will get a monthly pension of N159.95 million, up from N12.56 million. Similarly, the retirees…
The Federal Government has approved ₦758 billion in bonds to offset long-standing pension liabilities, including pension increases owed since 2007. The Director-General of the National Pension Commission, Omolola Oloworaran, disclosed this on Thursday in Yola at a two-day sensitisation workshop on the workings of the Contributory Pension Scheme for Employees and Pensioners in the North-East….
President Bola Tinubu has appointed Opeyemi Agbaje as the new Chairman of the National Pension Commission (PenCom), in what could be a reaction to the pressure from the Nigerian Labour Congress (NLC). While the Federal Government and the Presidency are yet to issue an official statement, a source confirmed the development to Nairametrics. Agbaje, a…
