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Loud explosion rocks Kogi govt office complex

An explosion was heard in the premises housing the office of the Secretary to the Kogi State Government, Dr. Folashade Arike Ayoade. The office premises...

Entertainment3 years ago

BBNaija: Eloswag wins 1st Head of House

In the Head of House game, Housemates were met with a very pleasant surprise from Biggie. Both Houses met each other for the first time and...

News3 years ago

Pictorial: NLC protest rocks Ibadan over ASUU strike

Members of the Nigeria Labour Congress are currently protesting in Ibadan, the Oyo State capital, in solidarity with the strike action of the Academic Staff Union...

News3 years ago

Lagos declares four work-free days for PVC collection

The Lagos State Governor, Mr. Babajide Sanwo-Olu, has declared Tuesday (today), Wednesday, Thursday, and Friday as work-free days in a bid for all public workers...

News3 years ago

Terrorists Free Three More Abuja-Kaduna Train Passengers

Terrorists who abducted passengers after attacking a Kaduna-bound train from Abuja, Nigeria’s capital, on March 28, 2022, have released three more persons, after months in captivity....

News3 years ago

Organ Trafficking: UK Court Grants Ekweremadu’s wife Beatrice Bail

Beatrice Ekweremadu, Senator Ike Ekweremadu’s wife, was on Monday granted bail by a London court, over allegations of human trafficking and organ harvesting. Beatrice was arrested...

News3 years ago

ASUU Strike: NLC Solidarity Rally Holds Today, Police Warn Hoodlums

The police and the Nigeria Security and Civil Defence Corps will deploy personnel in critical infrastructure and facilities in response to the nationwide protest organized by...

The Nigeria Pension Fund Assets under the Contributory Pension Scheme (CPS) have accumulated N186 billion in five months. This came to the public through a data obtained from the National Pension Commission (PenCom). It shown that as at May 31, 2021, the pension fund assets stood at N12.5 trillion from N12.306 recorded last year December. In the same fold, the number of Retirement Savings Account (RSA) holders as at the end of May, this year stood at 9.35 million from 9.21 recorded as at the same period of CPS. Contributors, under the scheme stand at 14,000, showing a positive growth. Likewise, the Pension Fund Assets (PFAs) as at May had invested N8.34 trillion in Federal Government’s Securities. A closer look at invested fund showed that out of the N8.34 trillion invested in FGN Securities, FGN Bonds got N7.67 trillion followed by the local money market securities which got N1.65 trillion; and Bank Placements, N1.53 trillion. Further breakdown showed Corporate Debt Securities got N836.34 billion; Treasury Bills got N551.6 billion; Agency Bonds got N14.8 billion; Sukuk N91.4 billion and Green Bonds N13.9 billion. Domestic Ordinary Shares got N821.3 billion, Foreign Ordinary Shares N103.6 billion, State Government Securities N117.4 billion; Foreign money market, N18.69 billion; Infrastructure Funds N66.43 billion; Commercial Papers, N156.69 billion and Cash and other assets N122.79 billion. The Contributory Pension Scheme (CPS) was established under the Pension Reform Act of 2004. It mandates a minimum contribution of 10 and eight percent of employees’ monthly emolument by the employer and employee respectively.

Business3 years ago

PenCom okays N13.21bn for annuity retirees

The National Pension Commission (PenCom) has approved a total sum of N13.21bn to fulfil the payment for annuity retirees in the first quarter of 2022. Data...

News3 years ago

Terrorists Vow to Kidnap President Buhari, Governor El-Rufai

Irked by Federal Government’s inability to meet their demands, terrorists who kidnapped the Kaduna-Abuja train passengers on March 28, 2022, have vowed to abduct President Muhammadu...

International3 years ago

WHO declares Monkeypox Global Emergency

The World Health Organisation (WHO) on Saturday declared monkeypox a global health emergency. The latest development, The Telegraph UK reports, supersedes the earlier decision of the...