Reps To Probe N15.5trn Pension Assets   The House of Representatives is set to investigate the status of N15.5 trillion pension assets being regulated by the National Pension Commission (PenCom). It will also probe the status of the N10trn loaned to the federal government and efforts being...

Contributory Pension Scheme Now N17trn - PenCom   The National Pension Commission (PenCom) has revealed that the Contributory Pension Scheme has hit N17.7 trillion as of the end of July 2023.The Pension management body said the pension asset increased by about 1.8 per cent from N16.76...

PFAs to Open Branches in Geopolitical Zones - PENCOM The National Pension Commission, PenCom, has directed all Pension Fund Administrators, PFAs, to open branch offices in at least two states in each geo-political zone of the country. PenCom also directed PFAs to open a branch office...

Workers Transferred N822bn To New Operators, Dump PFAs - PenCom   No fewer than 203,127 workers have changed their Pension Fund Administrators and moved N822.37bn from their Retirement Savings Accounts since the National Pension Commission (PenCom) opened the window of transfer. PenCom disclosed this in its transfers...

Nigeria’s Pension Assets To Hit N19trn In 2024, Report Reveals   Nigeria’s total pension assets, has been projected rise to an impressive N19 trillion by the end of 2024, according to a Pan-African credit rating agency, Agusto & Co. This projection is contained in a report titled,...

108,552 Retirees Receive N217bn, Says PenCom   No fewer than 108,552 annuitants received N216.66bn lump sum under the Contributory Pension Scheme as of the end of the first quarter of 2023, figures obtained from the National Pension Commission (PenCom) have revealed. This amounted to about a quarter...