The United Kingdom has backed Nigeria’s plan to establish a $750m pension-led infrastructure investment fund to direct long-term retirement savings toward projects in energy, transport, and digital infrastructure.
President Bola Tinubu has declared that no Nigerian who has served the country will be abandoned in retirement, pledging to guarantee greater pension security through the implementation of the long-delayed Minimum Pension Guarantee and a new healthcare programme for low-income retirees.
Retirees of the Nigerian Airspace Management Agency (NAMA) have threatened to protest over unpaid pension increases and arrears, alleging that the agency has failed to disburse their entitlements despite the reported release of ₦2.5bn for the purpose in April 2026.
A Nigerian worker can qualify to withdraw ₦5 million from a pension account for a house and still be unable to afford it. Finding the deposit solves one problem. Financing the remaining purchase price can create a much larger one.
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.
With approximately 90 percent of Nigeria’s workforce operating outside the formal economy, pension coverage for informal workers is almost non-existent.
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.
July 8 (THEWILL) — Premium Pension Limited and Trustfund Pensions Limited have proposed a merger that would create Nigeria's third-largest Pension Fund Administrator (PFA), subject to regulatory approvals.
The proposed transaction was disclosed in a merger notification published on Tuesday...
July 3 (THEWILL) — The Federal Government has settled ₦39.6 billion in longstanding pension arrears owed to thousands of retirees under the Defined Benefit Scheme (DBS), clearing all inherited pension liabilities and bringing long-awaited relief to affected pensioners.
The government...
June 7 (THEWILL) — In my country Nigeria, the word "pension" evokes different reactions. For many civil servants and corporate workers, it symbolizes hope for a near comfortable retirement. However, for the majority of Nigerians working in the informal...
FC Andorra goalkeeper Jesus Owono has been handed a 12-match suspension by the Spanish Football Federation following the on-field collision that led to the death of Tenerife forward Jesus de Miguel.
