The National Pension Commission has extended the deadline for the ongoing recapitalisation of the pension industry to June 2027, shifting it from the earlier date of December 2026. The move …
Pension
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EconomyFinance & ServicesNigeriaPensionPublic PolicyRegulation
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Financial RegulationGovernment PolicyLabour & EmploymentPensionPublic Finance
PenCom Recovers N4.04bn Unremitted Pensions in 11 Months
The National Pension Commission has recovered over N4.04 billion in unremitted pension contributions between January and November 2025, marking a major increase of more than 180 per cent compared with …
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Corporate NewsEconomyFinance & ServicesPensionSocial Development
FCMB Pensions Disburses Over N200bn to Retirees, Marks 20 Years with Inclusion Drive in Abuja
The Managing Director and Chief Executive Officer of FCMB Pensions Limited, Mr Christopher Bajowa, has disclosed that the company has paid out more than N200 billion in pension benefits to …
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FinanceGOVERNMENTLabourNigeriaPensionPublic Policy
PTAD Says It Has Paid Over N1tn in Pensions to Federal Retirees Since 2015
The Pension Transitional Arrangement Directorate has disclosed that it has paid more than N1tn in monthly pensions to Federal Government retirees under the Defined Benefit Scheme since it took over …
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BusinessEconomyFinanceLabourPensionPublic Policy
Nigeria’s Pension Scheme Records Growth as RSA Holders Hit 10.9 Million, but Coverage Still Low
Nigeria’s Contributory Pension Scheme (CPS) has continued to grow steadily, with a total of 10,928,039 Retirement Savings Account (RSA) holders recorded in September 2025. This represents an increase from 10,882,661 …
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BusinessCorporate AffairsFinanceINVESTMENTPensionRegulation
PenCom Approves Leadway’s Full Acquisition of PAL Pensions
The National Pension Commission (PenCom) has given regulatory approval for Leadway Holdings Limited to acquire Pensions Alliance Limited (PAL Pensions), marking a major shift in Nigeria’s pension industry. The approval …
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EconomyFinanceGOVERNMENTInfrastructureNigeriaPensionPublic PolicyState News
States Owe Contractors, Retirees N1.06tn Despite Record Revenues — BudgIT
A new report by BudgIT has revealed that states across Nigeria owe contractors and retirees a combined N1.06tn, even though they received record-high revenue allocations in 2024. The figures, contained …
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EconomyGovernanceLabourNigeriaPensionSocial Welfare
NITEL–MTEL PENSIONERS PROTEST 35 MONTHS UNPAID BENEFITS
Pensioners of the defunct Nigerian Telecommunications Limited and its mobile subsidiary, MTEL, staged a peaceful protest on Tuesday at the Federal Ministry of Finance in Abuja, demanding the payment of …
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Capital MarketEconomyFinanceGOVERNMENTPensionRegulation
Nigeria’s Pension Assets Rise to N26.09tn as PFAs Deepen Investments in Government Securities
Nigeria’s pension fund assets continued their steady growth in 2025, rising by more than N4.71tn as of the end of the third quarter. This represents a 22.03 per cent year-on-year …
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BusinessEconomyFinanceINVESTMENTPensionTechnology
Leadway Pensure’s Pension Assets Rise to N1.35tn, Up 23.45% in Six Months
Pension Fund Administrator Leadway Pensure has announced a strong financial performance for the first half of 2025, with its Assets Under Management (AUM) rising to N1.35 trillion as of the …