NGX Group Chair, Umaru Kwairanga, Leads Industry Delegation to South Korea

By Dennis Isong Housing being one of the most crucial...

MTN Group has appointed Thato Motlanthe to the position...

From Left-right: Mr. Adewale Kadri (ED, Technical, AIICO Insurance...

The Nigerian Content Development and Monitoring Board (NCDMB) and...

Proparco, a French development finance institution, is proud to...

GCEO, NNPC Limited, Mr. Mele Kyari flanked (from his...

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 Middle East and Africa (MEA) smart home devices...