Nigeria’s net pension fund asset value has hit N22.25 trillion as at November 2024, growing by 1.5 per cent from N21.92 trillion recorded in October 2024. Out of the N22.25trillion recorded in November, pension fund operators invested N13.83trillion in Federal Government Securities standing as the highest investment of the fund, representing 62.15 per cent of…
The Federal Government has started the implementation of the 20 per cent increment in pensioners monthly take-home under the Defined Benefit Scheme (DBS), according to retirees’ welfare group, Nigeria Union of Pensioners (NUP). The union hailed President Bola Tinubu for the increment and the introduction of a minimum pension of ₦32,000 for retirees. The 20…
.. To begin payment March The Nigerian Union of Pensioners (NUP) , Federal Airports Authority of Nigeria (FAAN) branch and its management has reached an accord on the implementation of Consequential Salary /Pension Adjustment (CPA) Investigations reveal that an implementation committee is to be set up comprising two members of NUP, two representatives of the…
