President Bola Ahmed Tinubu has ordered the immediate rollout of free healthcare for low-income retirees under the Contributory Pension Scheme (CPS), describing it as a vital component of social protection and dignity in retirement.
On Thursday, July 18, 2025, Ogun State Governor Dapo Abiodun announced that the government has commenced full implementation of the Contributory Pension Scheme (CPS) in a bid to resolve the ongoing industrial action that has disrupted public services across
The National Pension Commission (PenCom) has launched Pension Boost 1.0, a new initiative under the Contributory Pension Scheme (CPS) designed to enhance monthly payments to retirees nationwide.
The Pension Fund Operators Association of Nigeria (PenOp) has expressed concerns over proposals from the Nigeria Police Force (NPF) to transition from the Contributory Pension Scheme (CPS) to the Defined Benefits Scheme (DBS).
If the government cannot make the Contribution Pension Scheme much bigger, far better and more beneficial, then it should at least not seek to ruin it.
The Lagos State Government says that it has increased its contribution to staff retirement savings accounts from 7.5% to 10%...
Data shows that 73,600 informal sector workers have registered under the Contributory Pension Scheme as of the end of December 2021.
LASPEC has declared that it paid over N1 billion to 222 retirees under the Contributory Pension Scheme.
In Nigeria, setting up and running businesses/companies requires that certain things are put in place in consideration of...
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
Not less than 109,284 workers within the Nigerian labour force have quit the Contributory Pension Scheme (CPS) as of the end of June 2019.
PenCom in a report disclosed that a total 109,284 retired workers had quit the Contributory Pension Scheme, with N27.09 billion withdrawn.
