Pencom

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...

January 31, (THEWILL) — The National Pension Commission, in collaboration with Pension Fund Administrators, says it will unveil a self-service online data recapture application platform on February 1. The News Agency of Nigeria (NAN) reports that the platform is known...

January 26, (THEWILL) — Pension contributions in Nigeria rose to N1.318 trillion, driven largely by strong participation from the private sector, according to latest industry data. The increase reflects growing compliance with the Contributory Pension Scheme (CPS) and...

December 21, (THEWILL) — The National Pension Commission, PenCom, recorded a significant success in pension compliance by recovering N4.04 billion from defaulting employers between January and November 2025. This represents a 180 per cent increase over the N1.44 billion...

December 14, (THEWILL) — The total pension fund assets under the  Contributory Pension Scheme, CPS, increased, month-on-month (MoM), to N26.66 trillion in October 2025 from N26.09 trillion  in September 2025, constituting an increase of 2.2 percent. National Pension Commission, PenCom, disclosed...

December 09, (THEWILL) — The National Pension Commission (PenCom) has announced a tougher compliance regime against employers that fail to adhere to the pension law. It therefore warns employers that the non-remittance of workers’ pension contributions would no...

November 23, (THEWILL) — The Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, has said that the country’s pension assets under the Contributory Pension Scheme (CPS) valued at over N26 trillion is currently fueling economic development.   She said the...

November 16, (THEWILL) — The National Pension Commission (PenCom) has officially extended the deadline for compliance with its revised minimum capital requirements for Licensed Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), granting existing operators an additional six...

November 11, (THEWILL) — The Senate has confirmed the appointment of Olukayode Opeyemi Agbaje as the new Chairman of the National Pension Commission (PenCom). Agbaje, who represents the South-West, was nominated by President Bola Tinubu to head the commission. The Senate...

November 03, (THEWILL) — The National Pension Commission (PenCom) has said that more than 552,000 retirees in Nigeria are now receiving regular monthly pensions under the Contributory Pension Scheme (CPS).   The Commission also disclosed that total pension assets have surpassed...