Earth News, Author at Earth News

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

Business4 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.

Business4 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

Sports4 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

Business4 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...

Politics4 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...

WTTC 770,000 Jobs Lost to COVID-19 In Nigeria’s Tourism Industry

Business4 years ago

WTTC: 770,000 Jobs Lost to COVID-19 In Nigeria’s Tourism Industry

The World Travel and Tourism Council (WTTC) said on Monday, that the tourism industry in Nigeria lost 770,000 jobs as a result of the outbreak of...

US Progressive Twitter accounts lose followers as Elon Musk takeover

Business4 years ago

Tesla to Produce Humanoid Robot to Help Build Cars

After dominating the electric vehicle market and throwing his hat into the billionaire space race, Tesla boss Elon Musk announced the latest frontier he’s aiming to...

Politics4 years ago

Secondus lambasts Wike as Rivers court suspends PDP Chairman

The battle for power and control between some members of the Peoples Democratic Party and the National Chairman, Uche Secondus, took another turn on Wednesday. This...

News4 years ago

Nigeria Records 565 new COVID-19 cases, 8 deaths

The Nigeria Centre for Disease Control (NCDC) has stated that the country recorded 565 new COVID-19 cases and eight deaths, on Monday. The NCDC stated this...