Employers Kick Against FG’s Proposed Pension Contribution Hike   The Organised Private Sector of Nigeria (OPSN) has expressed deep concern over the recent announcement by the Director-General of the National Pension Commission (PenCom) regarding a proposed increase in mandatory pension contributions and the introduction of an...

Public Sector Pension Remittance Jumps by 235% in Q4 2025   Public sector pension contributions surged 234.85 per cent to N550.96bn in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme and the settlement of outstanding pension arrears. This was disclosed in the...

Pension Funds Soar to N28trn with Over 11m Contributors The Nigerian pension fund industry started 2026 on a high note, with total pension fund assets surging to a new milestone of N28.04 tn as of 31 January 2026, indicating a 22.64 per cent appreciation in...

PTAD Monthly Payout to Retirees Hits N1trn   The Pension Transitional Arrangement Directorate (PTAD) says it has paid more than N1tn in monthly pensions to over 200,000 retirees under the Federal Government’s Defined Benefit Scheme since 2015. The Director of Corporate Services at PTAD, Kabiru Yusuf, disclosed...

FG Introduces Pension-backed Loans Scheme to Support Retirees   In a bold move to strengthen Nigeria’s consumer credit system and extend financial inclusion to senior citizens, the Federal Government on Thursday launched a pension-backed loan scheme for retirees. The initiative, introduced through the Nigerian Consumer Credit Corporation...

FG Plans N758bn Bond to Offset Pension Liabilities – PenCom   The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the National Pension Commission (PenCom) has disclosed. Speaking at a press briefing in Abuja on Thursday, the...