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PENCOM

news and analysis about pencom

The National Human Rights Commission (NHRC) has identified the Ministries, Departments (and Agencies) (MDAs), and other agencies accused by several Nigerians of allegedly violating their fundamental rights. 
The National Pension Commission (PenCom) has made significant strides in ensuring compliance among employers regarding pension contributions.
CardinalStone Partners Limited is set to acquire 80% equity stake in in Radix Pension Managers Limited. 
Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36 trillion from N14.99 trillion recorded as of the previous year. This represents a year-on-year increase of 22.43%, which is the fastest growth on record.
Since the National Pension Commission (PenCom) reopened the transfer window in Q4 2020, a total of 245,625 RSA holders have changed their pension administrators.  
Data from the National Pension Commission (PenCom) reveals Nigeria’s pension fund assets rose to N17.927 trillion for the period ended 30th November 2023.
NGX says its partnership with PenCom will strengthen the participation of PFAs in the equities market through the NGX Pension Broad Index. 
Data from the National PenCom reveals Nigeria’s pension fund assets rose to N17.658 trillion for the period ended 31st October 2023. 
In a significant stride toward enhancing transparency and accountability within the Nigerian pension fund industry, the National Pension Commission (PenCom) last week released a comprehensive circular outlining explicit requirements for performance measurement for Pension Fund Administrators (PFAs) and Closed Pension Fund Administrators (CPFAs).
Data from the National Pension Commission (PenCom) reveals that the pension industry’s investment in the Nigerian stock market rose to N1.39 trillion as of the end of September 2023, marking an additional N478.8 billion compared to N908 billion recorded as of the beginning of the year. 
Nigeria's Retirement Savings Account (RSA) landscape has shown a surge in new registrations for the second quarter of 2023, further solidifying the steady growth recorded in Q1.  
The National Pension Commission (PenCom) has revealed that pension fund assets rose to N17.07 trillion for the period ended 31st July 2023.