A key to any country’s development lies in its capital formation (domestic or imported), with savings being a pillar of the domestic capital formation. Keynesian economics define savings as the amount left over when cost of a person’s consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time.

Chief of Defence Staff, General Lucky Irabor, has advised retired military personnel to avoid risky lifestyles and be wary of subversive elements in Nigeria who may want to use their military experience and expertise to advance their rebellious motives.

Owerri— PENSIONERS in Imo State are quarrelling with the state government over unresolved pension issues since March 2020, when the current government took over the rein of affairs.

By Evelyn Usman Chief of Defence Staff, General Lucky Irabor, has advised retired military personnel to avoid risky lifestyles and be wary of subversive elements in Nigeria who may want to use their military experience and expertise to advance their rebellious motives. He spoke at the Passing Out Ceremony of the  trainee course 01/22 Stream […]

By Chinonso Alozie Owerri— PENSIONERS in Imo State are quarrelling with the state government over unresolved pension issues since March 2020, when the current government took over the rein of affairs. According to the pensioners, 20 per cent of their colleagues have not been paid a dime since March 2020 and they have been living […]

•93,114 new enrollees join in first quarter of 2022 No fewer than Nine Million, Six hundred and Twenty one thousands, nine hundred and Seventy Nine (9,621,979) enrollees have now joined the Contributory Pension Scheme, CPS, after successfully registering with different Pension Fund Administrators, PFAs and opening Retirement Saving Accounts, RSAs in the country. The National Pension […]

•93,114 new enrollees join in first quarter of 2022 No fewer than Nine Million, Six hundred and Twenty-one thousand, nine hundred and Seventy-Nine (9,621,979) enrollees have now joined the Contributory Pension Scheme, CPS, after successfully registering with different Pension Fund Administrators, PFAs and opening Retirement Saving Accounts, RSAs in the country. The National Pension Commission, […]

By Vincent Ujumadu PENSIONERS in Anambra State who retired since 2017 have not been paid their gratuities, even as many of them have died without being paid. The state branch of the Nigeria Union of Pensioners, NUP, has consistently been lamenting over the development and engaging the state government on the matter to no avail. […]

The Lagos State Government has paid N1.5 billion accrued pensions rights to 482 retirees for the month of May. The Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle made this known at the 94th Retirement Bond Certificate presentation to retirees of the Lagos State Public Service last Monday in Lagos. The programme was organised […]

By Shina Abubakar OSOGBO — Although some wounds hardly heal but the soothing effect of counsel, sometimes, provides a foundation for permanent healing. Such is the situation with Osun state victims’ of police brutality as Governor Adegboyega Oyetola compensated them for their various losses and trauma. Osun, against many expectations, filed out over N53 million […]

The Pension Transitional Arrangement Directorate, PTAD, has directed Defined Benefit Scheme, DBS, pensioners yet to receive their April monthly pension, to send their complaints to its office. PTAD, on its official Twitter account on Wednesday, said that DBS pensioners who had not received their pension by the end of the week, to send a complaint, […]

By Victor Ahiuma-Young Organised Labour has demanded for the upward review of the retirement age of all public servants  from 60 to 65 years. Under the aegis of Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterparts, Labour insist on full payment of gratuities to workers contending that the 2014 Pension […]

By Ogalah Ibrahim Governor Aminu Masari of Katsina State, has announced the approval of N1.5 billion for the payment of benefits civil servants who retired between 2019 and 2020 that are currently undergoing screening exercise. This came as the governor promised that his administration will continue to inject more funds into payments of retirees benefits […]

By Victor Ahiuma-Young Leaders of the Nigeria Labour Congress, NLC, have blasted the Abia State Government for inflicting untold hardship, pains and suffering on the state’s senior citizens by refusing to pay their arrears and backlog of pensions and other benefits for over three years.  This came as the aggrieved retirees stormed the streets of […]

By Victor Ahiuma-Young The National Pension Commission, PenCom, has announced that 20 Pension Fund Administrators, PFAs, have met its N5 billion minimum recapitalisation deadline from N1billion. The Commission has also announced the approval of the acquisition of AIICO Pension Managers Limited by FCMB Pensions Limited. It equally approved the merger between Tangerine Pensions Limited and […]