PENCOM

Pension Fund Administrators (PFAs) have channelled over N14.5 trillion of workers’ retirement savings into Federal Government securities as of March 2025, highlighting the industry’s continued reliance on sovereign debt. Figures …

The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …

The Federal Government has moved to calm tensions with the Nigeria Labour Congress (NLC) by appointing Mr. Opeyemi Agbaje as the new Chairman of the Governing Board of the National …

The Federal Government has promised to stop deductions from the Employees’ Compensation Scheme managed by the Nigeria Social Insurance Trust Fund in order to ease rising tension with the Nigeria …

The National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation have jointly organised a workshop on Group Life Assurance Policy in Abuja. …

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 …

Growth in Nigeria’s pension assets dropped to a 12-month low of ₦61.91 billion at the end of March 2025, primarily due to outflows from approved existing schemes (AES), according to …

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 …

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. …

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 …