30 results
- 4 May 2020
PenCom Hands over First Guarantee Pension to Reconstituted Board
The National Pension Commission (PenCom) has handed over First Guarantee Pension Limited, a Pension Fund Administrator (PFA), to a reconstituted board. Mr. Peter Aghahowa, PenCom’s Head of Corporate…
- 3 Mar 2025
PenCom Inaugurates Committee to Drive Non-interest Pension Fund Development
The National Pension Commission (PenCom) has inaugurated the Pension Industry Non-Interest Advisory Committee (PINAC) to enhance the development of non-interest pension funds in Nigeria. Speaking at…
- 14 Oct 2024
PenCom Unveils Service Charter, Automates Pension Clearance Certificate Process
The National Pension Commission (PenCom), has launched its Service Charter and Framework, designed to define clear service delivery expectations, both for the commission, Pension Fund Administrators…
- 13 Dec 2024
Oloworaran, PenCom DG Puts Pension Fund Assets @ N21.92trn by October
The National Pension Commission (PenCom) revealed that Nigeria’s pension fund assets have surged to N21.92 trillion as of October 2024, reflecting a substantial increase of N1.113 trillion 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…
- 24 Sept 2025
PenCom, TUC Deepen Stakeholder Engagements on Pension Compliance
The National Pension Commission (PenCom) has reaffirmed its commitment to strengthening collaboration with the Trade Union Congress of Nigeria (TUC) in advancing pension reforms and ensuring greater…
- 15 Nov 2023
PenCom Urges Small Businesses to Embrace Micro Pension Plan Value
The National Pension Commission (PenCom) has stressed the need for small-scale business operators to embrace its Micro Pension plan for their benefit. PenCom made the call at the just concluded Lagos…
- 21 Nov 2022
PenCom Registers 84000 Contributors in Micro Pension Scheme
The National Pension Commission (PenCom), said it has registered a total of 84,000 contributors into the Micro Pension Scheme (MPP) as at September 2022. It added that the scheme witnessed a spike in…
- 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…
- 29 Oct 2025
PenCom, ICPC sign MoU to Recover Unremitted Pensions from Defaulting Employers
The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has signed a memorandum of Understanding (MOU) aimed at recovering…
- 18 Aug 2022
PenCom says Pension Fund Value, Contributors Hit N14trn, 9m Respectively
The National Pension Commission (PenCom) says the total number of registered contributors and the value of pension fund assets stand at 9,795,957 million and N14.27 trillion respectively, as at June…
- 2 Mar 2022
Pencom Approves Acquisition of Pension Operators by GTCO, FCMB
The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry. The Commission said it approved the…
- 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…
- 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…
- 13 Jul 2010
Pencom Investigates Complaints Against Operators, Employers
It is within the powers of National Pension Commission (PenCom) to investigate complaints against pension operators and employers of labour, Muhammad Ahmad, PenCom Director General has said. He…
- 4 Apr 2022
PenCom to Sanction PFAs over Pensioners’ Delayed Payment, Others
The National Pension Commission has vowed to sanction Pension Fund Administrators over the spate of delays in the payment of pension benefits, among other related infractions. The commission stated…
- 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…
- 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…
- 27 Feb 2022
PenCom Recovers N2.55bn Unremitted Pensions in 2021
The National Pension Commission has said it recovered N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their…
- 2 Aug 2015
NIMC, PenCOM to Hasten Database Harmonisation, Integration for National Development
The National Pension Commission, has pledged to hasten the process of harmonising and integrating the PenCOM database with the National Identity database to ensure complete synergy with the National…
- 23 Aug 2019
PenCom Says BVN, NIN Compulsory for Retirement Savings Accounts
National Pension Commission (PenCom) has directed all Pension Fund Administrators (PFAs) to update the records of all retirement savings accounts (RSAs) to include Bank Verification Number (BVN) and…
- 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…
- 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…
- 23 Sept 2022
PenCom to Allow Workers Use Pensions for Mortgage
The National Pension Commission, has commenced approval for workers to use 25 per cent of their Retirement Savings Accounts as mortgage. It disclosed this in a statement on Friday, titled, ‘PenCom…
- 25 Aug 2022
Pencom Move to Ensure Pension Remittances, Targets Informal Sector Operators
The National Pension Commission is taking urgent steps to enforce remittances of pension deductions by employers and to widen its public awareness of the Micro Pension Plan (MPP) in other to…
- 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…
- 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 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…
- 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…
- 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…