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PENCOM
news and analysis about pencom
The National Pension Commission (PenCom) has recovered a total of N4.57 billion from defaulting employers between the first quarter of 2024 and the first quarter of 2025, reinforcing its commitment to protecting workers’ retirement savings under Nigeria’s Contributory Pension Scheme.
Nigeria is preparing to revise its pension investment regulations to allow a greater share of the country’s $17 billion pension assets to be allocated to infrastructure and private equity, in a strategic move aimed at boosting returns for retirees and supporting national development.
President Bola Tinubu has appointed Opeyemi Agbaje as the new Chairman of the National Pension Commission (PenCom), in...
Nigeria’s pension fund assets have increased to N23.26 trillion as of February 2025, according to the latest data from the National Pension Commission (PenCom).
The National Pension Commission (PenCom) has disclosed that it successfully recovered a total of N1.58 billion from defaulting employers through intensified compliance and enforcement mechanisms.
The latest data from the National Pension Commission (PenCom) reveals that Nigeria’s pension fund assets surged to N22.86...
The National Pension Commission (PenCom) has announced June 1, 2025 as the deadline for employers to fully adopt its new pension remittance system.
The National Pension Commission (PenCom) has approved nine Payment Solution Service Providers (PSSPs), including Interswitch, Awabah and Pencentral, to facilitate pension contribution remittances in Nigeria.
The National Pension Commission (PenCom) has issued a new directive that grants Pension Fund Administrators (PFAs) the full authority to approve and process several categories of retirement benefits without requiring prior approval from the Commission.
The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has stated that the approved N758 billion Federal...
Nigeria’s pension industry recorded an impressive growth of N4.16 trillion in 2024, pushing total pension assets to a historic high of N22.51 trillion from N18.36 trillion in the previous year.
The National Pension Commission (PenCom) has issued a directive mandating the provision of Bank Verification Numbers (BVN) for...