Pension Fund Declines 0.47% to N19.669tn in 18 Months - Report The pension fund of Nigeria has declined for the first time in 18 months after portfolio rebalancing by Pension Fund Administrators. Monthly data from the National Pension Commission showed that the pension fund declined by...

We Recover N25.13bn Unremitted Pension Contributions - PenCom   The National Pension Commission (PenCom) has recovered N25.13 billion from defaulting employers. PenCom made this known in a report. The sum, it said, comprised N12.80 billion principal contributions, and N12.33 billion penalties for delayed payments. The amount covered between...

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...

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...

PenCom Stop Charges On Artisans’ Savings Below N5m       The National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular signed by the Head, Surveillance...

PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...