Nigeria has grown its pension fund to the tune of N9.44 trillion. This is according to the pension monthly summary report for August released on October 15, 2019.
Hello everyone, SAMI is here again. I recently met Ada, a new financial mentee to discuss retirement planning. Ada is a successful sole proprietor/entrepreneur who imports souvenirs & executes branding needs for the large corporate clientele. The business is very capital intensive and she often has to plough most of her capital & profit back into the business. Besides, earnings are cyclical and she had not considered making a conscious effort to set any savings aside towards retirement.
Pension Fund Administrators (PFAs) have started selling micro pension product to workers in the informal sector, Pension Fund Operators Association of Nigeria (PenOp) President, Mrs Aderonke Adedeji, has said. This is coming five weeks after the launch of the scheme by President Muhammadu Buhari in Abuja
The National Pension Commission (PenCom) has advised all Retirement Savings Account (RSA) holders and retirees to approach their Pension Fund Administrators (PFAs) to provide their National Identity Numbers (NINs) and Bank Verification Numbers (BVN), as well and other mandatory biodata information
Do you remember what Children’s Day was like growing up? How you got to be one of the few lucky pupils to represent your school following weeks of practice for the March-past at the Stadium. You were always so excited to wear your neatly starched uniform, sparkling white socks with sneakers. Besides the main event, the gathering was always a great opportunity to see your friends and make new ones from other schools. You also get to spend your generous pocket monies on biscuits, buns, sweets, lollipops and other snacks! Nostalgic right?