30 results
- 1 Mar 2026
TeamApt, Awabah Partner to Boost Pension Drive for Nigerians
TeamApt Ltd., a subsidiary of Moniepoint Inc. and a leading financial infrastructure provider, has partnered with Awabah, the National Pension Commission’s first licensed Accredited Pension Agent, to…
- 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 Jan 2020
Worsening Risk Outlook of Nigerian Banks Ring Danger for Pension Industry
The worsening risk outlook for Nigeria’s banks may further restrict the limited investment options open to the country’s pension industry and hamper its growth, according to theafricareport.com. 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…
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 3 Feb 2015
PenCom, Mortgage Firms Partner on Assets Redeployment to Capital Market
Nigerian Pension Commission (PENCOM) has disclosed it is currently working with the mortgage refinancing companies to ensure that PENCOM assets are redeployed in the capital market. Mrs. Chinelo…
- 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…
- 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…
- 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…
- 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…
- 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…
- 13 Jul 2010
Pencom, Stakeholders Seek Solution to N10B Reconciliation Problem
Worried by the inability of the Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to achieve a balanced reconciliation of the contributing pension funds between them, Nigerian…
- 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…
- 21 Sept 2010
PENCOM Says Economic Meltdown, Greatest Challenge in Past One Year
Alhaji Mohammad Ahmad, director –general of the National Pension Commission (PENCOM), has identified the effects of the global economic meltdown as the greatest challenge that has confronted…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 10 May 2010
Premium Pension Pays N11bn to its Retirees
In line with keeping to industry set standard and alleviating the plights of pensioners, Premium Pension Limited, one of the registered pension fund administrators, PFA, recently held a…
- 14 Mar 2023
PenCom Appoints Stanbic IBTC Bank to Process RSA Backed Mortgage
National Pension Commission (PenCom) has named Stanbic IBTC Bank as one of the banks to process Retirement Savings Account (RSA) backed mortgages. The RSA Backed mortgage initiative of the Pension…
- 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…
- 17 Aug 2010
Non Compliance with Pension Act: Axe Daggles on 90 Firms
The Director-General of the National Pension Commission (PENCOM) Alhaji Mohammad Ahmad has reiterated that there was no going back in its resolve to prosecute companies who fail to comply with the…
- 14 Jul 2021
Danbatta, Others Extol Retired Deputy Director, Jerry Ugwu
Prof. Umar Garba Danbatta, Executive Vice Chairman of Nigerian Communications Commission (NCC), and other staff of the Commission, have commended the dedication, hard work and outstanding work ethics…