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PENCOM

news and analysis about pencom

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...
The National Pension Commission (PenCom) has lifted its suspension on investments in commercial papers by Licensed Pension Fund Administrators (LPFAs) where non-bank capital market operators act as Issuing and Paying Agents (IPAs).
The National Pension Commission (PenCom) has announced the assumption of office by Omolola Oloworaran as the new Acting Director-General. 
President Bola Tinubu's  appointment of Ms. Omolola Bridget Oloworaran as the new Director-General of the National Pension Commission (PenCom), does not align with the relevant laws that founded the pension industry.
President Bola Tinubu has appointed Ms. Omolola Bridget Oloworaran as the new Director-General of the National Pension Commission (PenCom).
Data from the National Pension Commission (PenCom) indicates that Nigeria’s pension fund assets have increased to N19.787 trillion as of April 30, 2024.
The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651 Nigerians who experienced temporary job loss in the first quarter of 2024.