Report Revealed Contributory Pensions Gained N590bn In Q1, 2023   The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National Pension Commission (PenCom) have revealed. The figures disclosed that the assets rose from N14.99tn as of the...

PenCom Says Under-40 Workers In Contributory Pensions Now At 86%   Workers below 40 years under the Contributory Pension Scheme rose from 73 per cent at the end of 2021 to 86.4 per cent by end of the first quarter of 2022. The National Pension Commission disclosed...

PenCom Recovers N553.03m From Defaulting Employers       The National Pension Commission has said it recovered N553.03m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement Savings Accounts with their respective pension fund administrators. PenCom disclosed this in its monthly report...

Foreigners, Others Withdraw N24.95bn, Quit Contributory Pension   Foreign nationals have opted out of the Contributory Pension Scheme and withdrawn all their contributions from their respective Retirement Savings Accounts. The foreigners decided to return to their countries after working in Nigeria. Similarly, some retirees under the CPS, who...