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 …
PENCOM
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Business PoliciesEconomyFinance & ServicesGOVERNMENTLabour
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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 …
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AfricaBusinessEconomyNewsNigeriaReal EstateWestern Africa
PenCom approves use of RSA balance for mortgage
The National Pension Commission (PenCom) on Friday announced that it has approved guidelines for pension contributors in active employment to get a residential mortgage using their retirement savings account (RSA). …
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AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
PenCom exempts retirees earning blow N10,000 from pensions
The National Pension Commission (PenCom) says retirees whose retirement savings account (RSA) balances cannot provide a monthly pension of at least one third of minimum wage, can take the whole …
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The National Pension Commission (PenCom) has revealed that the total number of registered contributors and the value of pension fund assets in Nigeria stand at 9,795,957 million and N14.27 trillion respectively, …
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No fewer than 76,588 informal sector workers have registered under the Contributory Pension Scheme as of March 2022, according to figures obtained from the National Pension Commission on ‘Micro Pension …
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EconomyNigeriaWestern Africa
PenCom commences Online verification and enrolment for retiring civil servants
PenCom, The National Pension Commission has announced commencement of the 2022 online verification and enrolment for retirees and prospective retirees of the federal government and treasury-funded Ministries, Departments and Agencies …