30 results
- 7 Apr 2023
PENCOM Scores Edo High on Implementation of Contributory Pension Scheme
The National Pension Commission (PENCOM) has ranked Edo State among the top 9 States in Nigeria that remitted employees’ and employers’ pensions in 2022. PENCOM disclosed this in a report where it…
- 1 Mar 2022
PenCom Enlists 73,600 Artisans in Contributory Pension Scheme
No fewer than 73,600 informal sector workers have registered under the Contributory Pension Scheme as of the end of December 2021, according to figures obtained from the National Pension Commission…
- 17 Feb 2022
Contributory Pension Assets Hit N13.42tn
Pension assets under the Contributory Pension Scheme rose by N1.11tn in 2021, latest figures obtained from the National Pension Commission revealed. PenCom, in its unaudited reports on pension funds…
- 6 Feb 2022
Contributory Pension Assets hit N13.18tn, says PenCom
Assets under the Contributory Pension Scheme rose to N13.18tn at the end of October last year from N12.3tn in December 2020, data obtained from the National Pension Commission have shown. PenCom, its…
- 10 Sept 2013
Over 70m Nigerians Have No Pension Plans
A new NOI Polls has revealed that 6 in 10 Nigerians (some 64 per cent) do not have pension plans, indicating that most Nigerians are not making plans for retirement and that the pensions market in…
- 12 Jul 2013
Lagos Pension Fund Hits N40Bn
Rotimi Hussain, director general, Lagos State Contributory Pension Scheme (LSCPS) has reported that the scheme fund base has hit N40 billion. Hussain stated this at the 4th pre-retirement seminar for…
- 26 Jun 2022
PenCom says Pension Assets Rose to N14.2tn in May
The total assets under the Contributory Pension Scheme rose to N14.2tn in May, according to figures from the National Pension Commission released over the weekend. This was contained in the National…
- 6 Feb 2018
PAL Pensions Reinforces Confidence in Scheme with “Retire with a Smile” Campaign
In accordance with its resolve to inspire confidence and promote a financially secure future among Nigerians, PAL Pensions has unveiled a new campaign tagged ‘Retire with a Smile’ to encourage more…
- 8 Jan 2013
Pencom Transfers N54Bn to Trustfund Plc
National Pension Commission (Pencom) said it has facilitated the transfer of N54.08billion outstanding from the old pension scheme from the defunct Nigerian Social Insurance Trust Fund to Trustfund…
- 20 Dec 2021
PenCom Reassures on Safety of RSA Contributions
The National Pension Commission (PenCom) has said it is committed to ensuring that all pensioners under the Contributory Pension Scheme (CPS) are fully recaptured and uniquely identified on the…
- 20 Jan 2019
PenCom to Attract 60m Enrolees, N3trn Growth
The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth. Pensioners undergoing verification…
- 8 Feb 2019
Pension Fund Assets Hit N8.6trn – Dahir-Umar
The National Pension Commission (PenCom) says total pension fund assets have grown to N8.63 trillion as at December 2018. Ms Aisha Dahir-Umar, its Acting Director-General, disclosed this at the…
- 5 Oct 2015
Pension Fund Asset Hits N5tn – PenCom
The National Pension Commission yesterday said the asset in the Contributory Pension Scheme, which started in 2004, has grown to over N5tn. It also said the need to ensure adequate security of the…
- 16 Oct 2018
PenCom Develops ECRS IT Infrastructure for Micro Pension
National Pension Commission (PenCom) has developed the Enhanced Contributor Registration System (ECRS) to facilitate the enrolment of participants in the Micro Pension Scheme when the scheme is…
- 6 Feb 2023
Pension Funds Recorded Significant Growth in 2022
The sound regulation and supervision of the Contributory Pension Scheme (CPS) in Nigeria by the National Pension Commission (PenCom) has yielded positive results, as evidenced by significant growth…
- 31 Aug 2010
NGO Warns Against Reversing Military Pension to Old Order
The executive director of a Non-Governmental Organisation, Blissful Life Initiative, and Chief Adekunle Seidu has joined in the ongoing debate of military pension by calling on the federal…
- 21 Dec 2022
PenOp Kicks Against Passage of Bill Exempting National Assembly Service from CPS
Pension fund operators and custodians have condemned the recent passage of a bill seeking for an Act to amend the Pension Reform Act, 2014, to exclude and exempt the National Assembly Service from…
- 2 Jan 2022
PFAs Invest N155.44bn Pension Funds in Real Estate
Pension Funds Administrators have invested N155.44bn out of the total funds under the Contributory Pension Scheme in real estate properties as of the end of September 2021, according to data from the…
- 27 Nov 2024
PenCom, PenOp to Integrate Uncovered Workers into Micro Pension Plan
The National Pension Commission (PenCom) and the Pension Operators Association of Nigeria (PenOp) are taking steps to integrate workers who are not currently contributing to the Contributory Pension…
- 14 Jun 2023
PenCom, PFAs Identify Challenges to Micro Pension Implementation in Nigeria
Pension Fund Administrators (PFAs) and the National Pension Commission (PenCom) have highlighted the challenges they have faced in their efforts to smoothly push the federal government’s Micro…
- 4 Oct 2018
SEC Laments Number of Financially Excluded Nigerians
Securities and Exchange Commission (SEC) has lamented the non-participation of those in the grassroots in the financial sector, noting that this has affected the Gross Domestic Product (GDP) of the…
- 21 Sept 2025
PenCom Redesigns Pension Plan, Targets Informal Sector
The National Pension Commission has announced new measures to expand pension coverage in Nigeria’s vast informal sector by leveraging super agents and financial technology platforms to simplify…
- 1 May 2014
New Bill Prescribes 10yr Jail Term for Pension Thief
House of Representatives, on Wednesday, passed the Pension Reform Act 2013 prescribing a 10-year jail term for anyone who misappropriates pension fund, apart from refunding three times, the…
- 27 Dec 2012
Pencom Transfers N6.57Bn into Retirement Accounts
The National Pension Commission said that some of N6.57 billion National Insurance Trust Fund contributions have been transferred into the Retirement Savings Accounts of 83,305 workers in the first…
- 31 Aug 2021
NAICOM Boss Urges Operators to Strategise for Effective Management of N14tn Annuity Premium
Mr. Sunday Thomas, the commissioner for Insurance, has charged insurance industry operators to strategies on how best to effectively manage the existing N14 trillion pension assets, which will…
- 28 May 2013
N3trn Pension Money in Wrong Hands
Some N2.94 trillion pension funds are at the disposal of few individuals who are not properly supervised, who have no training in the management, and who dip their hands into it as and when they feel…
- 17 Jun 2025
PENCOM Mulls ₦30Bn Annual Gratuity for Retiring Civil Servants
The National Pension Commission (PenCom) is working with the Office of the Head of the Civil Service of the Federation (OHCSF) to introduce a ₦30 billion annual gratuity scheme for retiring civil…
- 2 May 2014
PenCom’s Asset Base Hits N4 trillion
Asset base of Pension Commission (PenCom) has reached N4 trillion after clearing unpaid pensions. Mrs. Chinelo Anouh-Amazu, Acting Director General of the PenCom, while answering the call from…
- 1 Feb 2023
Access Pensions Leads Pension Industry in Investment Performance
The Nigerian Police Force (NPF) Pensions and Access Pensions closed 2022 as the top PFAs by investment returns across the four main retirement savings accounts funds, according to recent data…
- 8 Feb 2016
Lagos Begins Biometric Exercise for State Pensioners
Lagos State Government has flagged off Biometric Verification Exercise otherwise known as I’M ALIVE for pensioners in the State. Speaking during the flag-off ceremony at Somolu Local Government…