Pencom

PenCom named Bayelsa State governor as Nigeria's most friendly governor in pension reforms The state has amended its pension laws and improved pension institutions The state is geared towards adopting a contributory pension scheme Diri posited that his...

July 2 (THEWILL) — The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have recovered more than ₦3 billion in unremitted pension contributions from defaulting employers. The recovery was made under a joint...

June 25 (THEWILL) — The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has called on state governments and private sector employers across Nigeria to adopt retirement benefit arrangements similar to the Federal Government’s newly approved Exit Benefits...

June 21 (THEWILL) — Numerous unemployed Nigerians, having lost their jobs due to severe economic difficulties, have resorted to utilising their retirement savings for immediate sustenance, raising concerns among industry stakeholders. The early withdrawals, which fundamentally impact the accumulated...

May 17, (THEWILL) — The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) special regulatory approval to invest pension assets in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE, waiving some of the...

March 17, (THEWILL) — Investments in Federal Government of Nigeria (FGN) securities rose by 16.7 percent, pushing total pension fund assets to about ₦28 trillion, according to the National Pension Commission (PenCom). The increase reflects sustained allocation to government instruments,...

March 06, (THEWILL) — Nigeria’s pension industry has recorded a significant milestone, with total pension fund assets rising to ₦28.04 trillion while the number of contributors under the Retirement Savings Account (RSA) system has exceeded 11 million, according to...

March 02, (THEWILL) — In a major move to modernise Nigeria’s pension landscape, the National Pension Commission has officially launched a comprehensive digital overhaul of the retirement process for federal employees. This was disclosed in the Guidelines for Verification and...

February 11, (THEWILL) — To ease liquidity pressure, the Nigeria’s National Pension Commission (PenCom) has raised the allowable investment limits for ordinary shares across key Retirement Savings Account (RSA) fund categories. The adjustment was announced in an addendum...

February 01, (THEWILL) — The National Pension Commission (PenCom) has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), increasing their total monthly pension payments from N12.56 million to N159.95 million. The...