Invitation to Business Journal 2nd Annual Lecture/Awards 2019

Operators in the pension industry paid out total of N271.15 billion as lump sum to retirees in 2014 under the new Contributory Pension Scheme (CPS) and an average monthly pension of N3.84 billion. In addition, another sum of N62.20 billion was paid as premium to insurance companies to provide life annuity for 14, 784 retirees. Mrs. Chinelo Anohu-Amazu, Director-General, National Pension Commission (PenCom) told Business Journal in an Executive Chat that a total of 115,529 workers had retired as at 31 December, 2014 with 87.20 percent (100,745) of the retirees on Programmed Withdrawal, while the remaining 12.80 percent (14,784 retirees) were on Life Annuity.

The National Bureau of Statistics (NBS) released the inflation...

By Elvis Eromosele Recently, I found myself inside a multi-storied...

From left: Prince Cookey, Publisher/Editor-in-Chief, Business Journal; Bisi Bamishe,...

  The Commission, in collaboration with the Financial Literacy Technical...

Mr. Tope Smart, Group Managing Director/CEO of NEM Insurance...

On July 1, 2014 the Pension Reform Act 2014 or “the Act” was enacted into...

Digital banking platform provider, Layer has announced it is...