Pencom

An employer seeking new business could find an unpaid pension bill standing in the way. PenCom says its automated clearance system calculates penalties for delayed contributions and prevents employers from obtaining a Pension Clearance Certificate until those penalties are settled.

At the commission’s 2026 annual media conference in Lagos recently, PenCom’s director-general, Ms Omolola Oloworaran, presented a catalogue of reforms and performance indicators showing a pension industry that has expanded significantly in assets, membership, compliance and investment reach.

Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday at the 2026 PenCom Media Conference in Lagos, saying the development marked a shift from pension reform commitments to measurable outcomes.

According to data from the National Pension Commission’s first-quarter 2026 pension industry report, 219,316 Personal Pension Plan RSAs had been registered as of March 2026.

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,...