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Data from the National Pension Commission shows that 91.4% of registered Personal Pension Plan accounts in Nigeria remain unfunded, highlighting systemic challenges in retirement savings despite high registration numbers.
Nigeria's National Pension Commission (PenCom) plans to refine its investment frameworks to channel pension capital into critical national assets, including infrastructure, energy, healthcare, and agriculture.
Nigeria's National Pension Commission (PenCom) has moved to allay unrest among Nigeria Police personnel regarding their participation in the Contributory Pension Scheme (CPS), stating its aim to secure improved retirement benefits and that an exit from the scheme is not needed.
The National Pension Commission (PenCom) has successfully recovered over N3 billion for workers from employers who defaulted on pension contributions. PenCom continues its efforts to pursue and recover funds from pension defaulters.
PenCom has issued a July 6 deadline for Ministries, Departments, and Agencies (MDAs) to submit the details of their retirees for the new Exit Benefit Scheme, outlining eligibility and implementation procedures.
Nigeria's PenCom has unveiled a new monitoring platform to ensure states comply with the Contributory Pension Scheme, addressing implementation gaps and securing workers' benefits.
Nigeria's PenCom and the NLC announced they will begin enforcing compliance on pension defaulters in Lagos from June 1, targeting employers who have failed to remit contributions.
Nigerian political parties, including the APC, conducted primaries and announced candidates for upcoming elections, with some members winning tickets while others faced disqualification or defection. The Independent National Electoral Commission (INEC) also received a presidential candidate.
Nigeria's National Pension Commission (PenCom) has issued a special regulatory waiver, allowing Pension Fund Administrators (PFAs) to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals.
The National Pension Commission (PenCom) in Nigeria has issued a warning to the public about an increase in job recruitment scams, where fraudsters impersonate officials to deceive job seekers.
The National Pension Commission (PENCOM) is encouraging traders, retirees, and youths in Edo State, Nigeria, to enroll in its Personal Pension Plan (PPP) to secure their financial future.
The Nigeria Employers' Consultative Association (NECA) commended the inauguration of the PenCom board, viewing it as a crucial step to enhance governance and transparency in Nigeria’s pension industry.
Nigeria's PenCom has launched a new initiative to enroll one million women in the informal sector into the Personal Pension Plan, aiming to provide financial security for their retirement.
PenCom announced 11.18 million pension registrations in Q1 2026, a significant rise that impacts Nigeria’s pension sector and future.
Nigeria's National Pension Commission (PenCom) is planning dedicated funding for state pension bureaus to improve compliance with the Contributory Pension Scheme nationwide and address low adoption rates.
The Director-General of Nigeria's National Pension Commission (PenCom), Omolola Oloworaran, announced that the proposed Pension Industry Infrastructure Fund is in its final stages of implementation. This initiative aims to channel pension funds into infrastructure development.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered over N3bn in unremitted pension deductions from defaulting firms.
Nigerian security forces successfully repelled a bandit attack on a local government headquarters in Sokoto, while in Oyo, troops have blocked escape routes as kidnappers of school children reduced their demands. These incidents highlight ongoing security challenges in the country.
Nigeria's pension assets have increased to N32 trillion, as announced by Ms. Omolola Oloworaran, Director-General of the National Pension Commission (PenCom).
The Nigeria Labour Congress (NLC) and the National Pension Commission (PenCom) are collaborating to tackle employers who fail to remit pension deductions. They plan to take action against defaulting organizations to ensure compliance.
The National Pension Commission (PenCom) has initiated a pilot free healthcare scheme specifically designed for low-income pensioners and retirees. The program seeks to provide essential medical services to this vulnerable group.
The Nigerian government is preparing to evacuate its citizens from South Africa following xenophobic attacks, while a business group advises against retaliatory actions targeting South African firms in Nigeria.
Nigeria’s National Pension Commission (PenCom) has announced a plan to deploy its N28 trillion asset base into infrastructure financing, aiming to stimulate economic growth and ensure sustainable returns.
Nigeria’s National Pension Commission (PenCom) is encouraging traders, youths, and the self-employed to enroll in the Personal Pension Plan to secure their financial future.
The Nigerian government has officially inaugurated the new board for the National Pension Commission (PenCom), tasking it with upholding corporate governance and safeguarding over N28 trillion in pension assets.
By Rosemary Iwunze Despite efforts by the National Pension Commission, PenCom, to encourage personal pension savings, total of 191,240 Personal Pension Plan (PPP), about 92.4 percent of the 206,917 registered PPP accounts are unfunded as at third quarter 2025, Q3’25. According to figures released by PenCom, only 15,677, representing 7.6 per cent of PPP were funded […] The post Personal pension savings stagnant, records 92.4% unfunded accounts appeared first on Vanguard News.
Nigeria's National Pension Commission (PenCom) has warned Pension Fund Administrators (PFAs) of impending sanctions if they fail to meet targets for the ongoing Retirement Savings Account (RSA) data recapture exercise.
Nigeria's pension assets have surged by 51% over two years, reaching $22.8 billion (N31.48 trillion), according to the pension regulator. This significant growth reflects a robust expansion in the country's pension sector.
Nigeria's National Pension Commission (PenCom) is reviewing the Pension Reform Act, 2014, to modernize the law, address implementation gaps, and improve retirement outcomes for Nigerians.
Nigerian agencies are addressing a range of national concerns, including the Independent National Electoral Commission (INEC) flagging flashpoints for the Osun poll and the Federal Competition and Consumer Protection Commission (FCCPC) investigating exploitative fuel pricing.
The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have partnered to enroll nine million transport workers into a pension scheme, aiming to boost pension enrollment and financial inclusion for a significant portion of Nigeria's informal sector workforce.
A multi-year investigation by CNN has uncovered a series of upgrades at one of China's nuclear facilities, with satellite images suggesting entire villages were relocated due to a mysterious nuclear dome.
Nigeria's PenCom is pushing for a 'jumbo pension' scheme that would provide lifetime full-pay retirement for police, aiming to address years of protests and welfare challenges faced by retirees. The proposal awaits President Bola Tinubu's approval.
Following his interactions with Chinese President Xi Jinping, Donald Trump commented on a range of topics including trade deals, Iran's nuclear program, Taiwan arms sales, and the unlikely release of Hong Kong media mogul Jimmy Lai. He also reflected on the overall dynamic and potential for lifting sanctions related to Iranian oil.
Retired police officers in Nigeria have voiced concerns over receiving as little as N1.5 million after 35 years of service, calling for their removal from the Contributory Pension Scheme (PENCOM).
The National Pension Commission (PenCom) plans to channel pension capital into national development projects, aiming to expand investment outlets beyond traditional instruments and develop alternative assets to optimize returns on pension funds.
Dr. Opeyemi Agbaje has been inaugurated as the new PENCOM board chair, ending a long governance gap and planning to deploy pension funds for national development.
The Federal Government of Nigeria has inaugurated a substantive board for the National Pension Commission (PenCom), marking a new chapter in the country's pension administration.
In a major boost for pension contributors and retirees, PenCom, has announced the launch of a self-service online data recapture platform The post Relief for pensioners as PenCom unveils online recapture portal appeared first on Vanguard News.