The National Pension Commission (PenCom) has announced that the rebranded Personal Pension Plan (PPP) has opened up new opportunities for Nigerians to make voluntary pension contributions, allowing Retirement Savings Account …
PENCOM
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EconomyFinanceGOVERNMENTLabourNigeriaPension
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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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BusinessEconomyFinanceLifestyleMarketsPension
VG Pensions Appoints Lifestyle Influencer Hannah Usman as New Brand Ambassador
VG Pensions has announced lifestyle influencer Hannah Usman as its latest Brand Ambassador in a move designed to expand its reach and deepen engagement with Nigerians, particularly in the informal …
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EconomyFinanceGovernanceLabourPensionRegulation
PenCom Bans Cross-Shareholding in Pension Firms, Moves to Protect Contributors’ Funds
The National Pension Commission (PenCom) has released new guidelines banning significant cross-shareholding among Pension Fund Operators (PFOs). The move, which became effective immediately on Friday, is aimed at promoting transparency, …
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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 …
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BankingBusiness PoliciesCapital MarketEconomyNigeriaPensionRegulation
PenCom Bars Pension Fund Administrators from Investing in Banks’ AT1 Capital Instruments
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 …
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EconomyFinanceGovernanceLabour
FG Appoints Opeyemi Agbaje as PenCom Board Chairman After Labour Threat
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 …
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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 …
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GOVERNMENTInsuranceLabourPolicies
NAICOM, Civil Service Office Hold Workshop on Group Life Assurance Policy
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. …
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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 …