Business
PenCom Approves Significant Pension Hike for 2,116 NSITF Retirees, Pays N8.7 Billion in Arrears
The National Pension Commission (PenCom) has authorised a substantial increase in pensions for 2,116 retirees previously under the Nigeria Social Insurance Trust Fund (NSITF). This review, the first in 21 years, saw monthly benefits rise significantly, with N8.7 billion disbursed in arrears to eligible pensioners.