National Pension Commission

Retirees Press For Fair Treatment Under Contributory Pension Scheme

Retirees enrolled in Nigeria’s Contributory Pension Scheme (CPS) have intensified their call for equitable treatment, demanding the implementation of minimum pensions and addressing long-standing grievances. The Contributory Pensioners Union of Nigeria, represented

Emmanuel Ochayi

4 months ago

Business

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

The National Pension Commission (PenCom) has absolved its director general (DG), Aisha Dahir-Umar, of financial impropriety made against her. PenCom said its attention was drawn to some reports alleging that Dahir-Umar was

Fakoyejo Olalekan

9 months ago

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Business

PenCom Recovers N384.28 million Pension Contributions, Fines 34 Defaulting Employers

The National Pension Commission (PenCom) recovered N384.28 million pension contributions owed workers from 34 defaulting employers. According to the Director-General of PenCom, Aisha Dahir-Umar, the companies were fined N191.22 million for not

Fakoyejo Olalekan

11 months ago

Business

Nigeria’s Total Pension Fund Up By N1.68 trillion, Gov’t Securities Take Large Chunk

The total pension fund assets increased by 12.28 per cent according to the National Pension Commission (PenCom). This represents N1.68 trillion in monetary form. According to unaudited data obtained from the National

Fakoyejo Olalekan

1 year ago

Business

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

The National Pension Commission (PenCom) penalised 25 employers for defaulting on pension remittance, the commission disclosed in its fourth quarter report for 2022. Prime Business Africa gathered that the defaulting firms paid

Fakoyejo Olalekan

1 year ago

Business

PFAs’ Investment In Treasury Bills Falls, Real Estate Suffers As Pension Assets Hit N14.42trn

The pension industry’s total investment in federal government treasury bills and other securities rose to N9.19 trillion at the end of September 2022, the National Pension Commission (PENCOM) reveals in its Q3

Fakoyejo Olalekan

1 year ago

Business

PenCom Releases Guidelines For New RSA, Mortgage Payment Provision

The National Pension Commission (PenCom) has approved guidelines that help Retirement Savings Account (RSA) holders to access their RSA balance for mortgage payment. PenCom made this known on Friday, stating that Retirement

Fakoyejo Olalekan

2 years ago

Business

Nigerian Gov’t Agency Addresses N3 million Salary To Least Paid Employees

The National Pension Commission (PenCom) has denied paying the sum of N3 million as salary, stating the highest paid doesn’t earn up to the amount, let alone the least paid. PenCom’s statement

Fakoyejo Olalekan

2 years ago

Business

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

The National Pension Commission (PENCOM) has refunded the pension contribution of 2,084 retirees after failing to surpass the required amount to earn a lump sum and annuity payment from life insurance companies.

Fakoyejo Olalekan

2 years ago

9 months Unpaid Pension: House Of Reps Reveals Why Retired Civil Servants Are Yet To Receive Payment

The House of Representatives have stated that it will investigate the Pension Transitional Arrangement Directorate (PTAD) for failure to pay pension to Federal Civil Service retirees. According to the lawmaker, Sergius Ose-Ogun,

Fakoyejo Olalekan

2 years ago

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Retirees Press For Fair Treatment Under Contributory Pension Scheme

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

PenCom Recovers N384.28 million Pension Contributions, Fines 34 Defaulting Employers

Nigeria’s Total Pension Fund Up By N1.68 trillion, Gov’t Securities Take Large Chunk

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

PFAs’ Investment In Treasury Bills Falls, Real Estate Suffers As Pension Assets Hit N14.42trn

PenCom Releases Guidelines For New RSA, Mortgage Payment Provision

Nigerian Gov’t Agency Addresses N3 million Salary To Least Paid Employees

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

9 months Unpaid Pension: House Of Reps Reveals Why Retired Civil Servants Are Yet To Receive Payment

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