Unremitted Pension: 13 Employers Pay N56.5bn Penalties         Thirteen defaulting employers whose pension liabilities to their employees have been established have been made to pay N56.5 billion penalties by the National Pension Commission (PenCom), according to a report. According to the commission, the money was paid following...

Operators Give Investment Conditions As Pension Funds Hit N11.57trn         The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines given to them by the National Pension Commission before releasing the growing funds in their custody...

Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...

Pension Contributors Withdraw N14.79bn As Job Losses Rise         About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts in 10 months. Records from the National Pension Commission have revealed that more...

Pension Contributors Now Over 8.94m         The total membership of the Contributory Pension Schemes increased by 5.67 per cent from 8,469,257 as at December 31, 2018 to 8,949,536 as at December 31, 2019, the National Pension Commission (PenCom) has said. According to the commission in its 2019...

N2.3trn Pension Fund Available For Real Sector Investment - PenCom DG       There is N2.3 trillion pension fund for investment in the real sector, the Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said. This, she said, is available via asset classes such as infrastructure funds,...