PenCom Bans Charges On Micro Pension       To avert depletion of the micro pension fund, the National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) with the fund below N5 million to stop paying fee charges. PenCom Head, Surveillance Department, Ehimeme Ohioma made this known in...

Fed Govt Releases N11.82bn For MDA Retirees         The Federal Government has released N11.82bn for payment of accrued rights of retirees of treasury funded Ministries, Departments and Agencies under the Contributory Pension Scheme. The Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa, disclosed this in a...

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...

Nigeria’s Pension Fund Hits N8.14 trillion The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018. PenCom in a statement signed by its spokesman, Mr Peter Aghahowa, on Sunday said the assets rose from N7.52 trillion...