Latest stories tagged “liabilities”
The federal government has announced the clearance of N39.6 billion in pension arrears, settling liabilities for over 24,000 retirees. These payments address longstanding pension obligations owed to former employees of defunct public enterprises and financial institutions under the Defined Benefit Scheme, according to the Minister.
The article from Business Times discusses the importance of calculating a complete net worth by including often overlooked assets such as business equity, cash-value life insurance, cryptocurrency, and liabilities like medical bills or buy-now-pay-later balances. It emphasizes that an accurate assessment of net worth is essential for financial planning.
The federal government has announced the clearance of N39.6 billion in pension arrears, settling liabilities for over 24,000 retirees. These payments address longstanding pension obligations owed to former employees of defunct public enterprises and financial institutions under the Defined Benefit Scheme, according to the Minister.