PenCom Recovers N17.05bn From 655 Employers   The National Pension Commission (PenCom) has recovered a total of N17.05 billion as outstanding pension contributions from defaulting employers in the last eight years. Data sourced from PenCom showed that the recoveries were made from 655 defaulting employers from July,...

FG’s Pension Liabilities Rose To N494.12bn In 2019   The National Pension Commission (PenCom), has disclosed that Federal Government’s total arrears of pension liabilities stands at N494.12 billion as at the end of 2019. The Acting Director General of the Commission, Mrs. Aisha Umar-Dahir, disclosed this at...

PFAs Invest N7trn In FG Securities, Infrastructure   About N7.40trn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators. Latest data from the National Pension Commission also showed that the PFAs raised their investment in infrastructure to N40.52bn...

Pension Fund Rises To N10trn   Pension fund assets rose from N9.81trillion recorded on October 31, last year to N10 trillion in November 30, the monthly report dated January 16, 2020, released by the regulator, the National Pension Commission (PenCom) has shown. The fund grew by N18...

PenCom Orders Pension Enhancement For Retirees   The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS) PenCom said in a statement that this would be the second edition of the pension...

Investors Lobby PFAs As Pension Assets Hit N9.8trn   The total assets under the Contributory Pension Scheme rose to N9.8tn as of the end of November 2019. Latest figures released by the National Pension Commission on Thursday revealed that N7.08tn or 70.88 per cent of the assets...