The National Pension Commission (PenCom) has said its ongoing recapitalisation requirement for licensed pension fund operators is a strategic move to strengthen the financial base of the industry and safeguard …
CONTRIBUTORY PENSION SCHEME
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DevelopmentEconomyFinancePensionRegulation
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BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
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EconomyFinance & ServicesLabourNigeriaPensionRegulation
Pension Fund Operators Urge Workers to Update Records for Seamless Retirement Payments
The Pension Fund Operators of Nigeria (PenOp) has advised all participants in the Contributory Pension Scheme (CPS) to take part in the ongoing Data Recapture Exercise (DRE), stressing that the …
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BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTLabour
Nigeria’s Pension Fund Hits N24.1 Trillion in May 2025
Nigeria’s pension fund assets under the Contributory Pension Scheme (CPS) have reached an all-time high of N24.1 trillion as of May 31, 2025. This marks a significant growth of N3.9 …
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EconomyFinance & ServicesNigeriaTechnology
Access ARM Pensions Urges Civil Servants to Make Voluntary Contributions
Access ARM Pensions has advised Nigerian civil servants to start making small but steady voluntary contributions to their Retirement Savings Accounts (RSAs) to help secure their financial future after retirement. …
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The National Pension Commission (PenCom) has announced a major increase in monthly pension payments for retirees under the Programmed Withdrawal plan. The Director-General of PenCom, Ms. Omolola Oloworaran, disclosed that …
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EconomyFinance & ServicesGOVERNMENTLabourTechnology
Nigeria’s Pension Fund Hits N23.33tn in Q1 2025 as Regulator Pushes for Informal Sector Inclusion
Nigeria’s pension assets have grown to N23.33 trillion at the end of the first quarter of 2025, showing a 19 per cent year-on-year increase. This is based on the latest …
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AfricaEconomyGOVERNMENTNigeriaPolicies
National Assembly Staff Call for Return to Contributory Pension Scheme
Workers under the National Assembly Service Commission have asked to be returned to the Contributory Pension Scheme (CPS), two years after they were removed from it by a new law. …
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Business PoliciesEconomyFinance & ServicesGOVERNMENTLabour
PenCom and Lagos Government Call for Informal Workers to Join Pension Scheme
The National Pension Commission (PenCom) and the Lagos State Governor, Babajide Sanwo-Olu, have renewed the push to bring informal sector workers into Nigeria’s Contributory Pension Scheme (CPS). This was the …
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EconomyFinance & ServicesGOVERNMENTInfrastructure
Ondo Govt Eyes Pension Funds for Infrastructure Projects
Governor Lucky Aiyedatiwa of Ondo State says his administration is actively exploring ways to channel pension funds into infrastructure development, as part of a broader plan to stimulate economic growth …