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I Failed as a Rapper – Basketmouth

Nigerian comedian Bright Okpocha popularly known as Basketmouth has narrated how he failed as a rapper. Bright, who was born 14 September, 1978 hails from Abia...

Plateau Killings Community Takes Corpses to State Assembly

News3 years ago

Plateau Killings: Community Takes Corpses to State Assembly

Yalwan Zangam community has embarked on a serious action as corpses are paraded at the State Assembly, following the recent attack on Tuesday night. Despite the...

Kanye West Requests Legal Change of Name to “Ye”

Entertainment3 years ago

Kanye West Requests Legal Change of Name to “Ye”

American rapper and billionaire, Kanye West has legally requested to change his full name to one of his stage names ‘Ye’. The reason for the change...

Tokyo Paralympics Nigeria Win First Gold, Keen For More

Sports3 years ago

Tokyo Paralympics: Nigeria Win First Gold, Keen For More

Nigeria has pocketed the first gold medal at the ongoing Tokyo Paralympic Games. Latifat Tijani won the first gold medal for Team Nigeria. She won the...

Commodity Prices Heighten Inflation to 15.63 Percent in December

Business3 years ago

Nigeria Grew Economy By 5.01% in Quarter Two – NBC

Nigeria’s Gross Domestic Product (GDP) grew 5.01 percent in the second quarter, said the National Bureau of Statistics (NBS) on Thursday. The report from NBS, specifically...

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

Pension Fund Assets accumulate N186bn in Five Months

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...

Complete List of Qualified Teams for UEFA Champions League

Sports3 years ago

Complete List of Qualified Teams for UEFA Champions League

UEFA Champions League is fast approaching as football lovers are all out with undiluted expectations tilted towards their preferred teams. As drawn, EarthNews hereby bring you...

Tax Evasion Multichoice Nigeria To Pay 50 Percent of N1.8tn

Business3 years ago

Tax Evasion: Multichoice Nigeria To Pay 50 Percent of N1.8tn

A tax appeal tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited to pay 50 percent of N1.8 trillion to the Federal Inland Revenue Service...

Politics3 years ago

PDP NWC begins meeting, fixes Friday for NEC meeting

The National Working Committee of the Peoples Democratic Party(PDP) has fixed the National Executive Committee meeting of the party for Friday this week. Nine members of...