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. …
PENCOM
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GOVERNMENTInsuranceLabourPolicies
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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 & ServicesINVESTMENTMarketsPolicies
Pension Asset Growth Slows to 12-Month Low at N61.9bn Amid Outflows from Existing Schemes
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 …
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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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The National Pension Commission (PenCom) is stepping up efforts to recover unpaid pension contributions from electricity generation and distribution companies across Nigeria. Omolola Oloworaran, the Director-General of PenCom, led a …
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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 …
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EconomyFinance & ServicesGOVERNMENTINVESTMENT
PenCom Invests ₦5.51tn in Real Sector to Boost Economic Growth
The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …
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Access BankAfricaAFRICA NEWSBanking, Finance & InvestmentNigeria
PenCom approves acquisition of Access Bank’s pension business by FBN
The National Pension Commission (PenCom) says it has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited. FBN Holdings Plc, has through its subsidiary First Pension Custodian …