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PFAs invest N7.40tn in FG securities, infrastructure

About N7tn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators.Latest data from the National...

PenCom approves 192 firms for FG’s contract in 2020

In line with its regulatory function, the National Pension Commission (PenCom) has granted approvals to 192 firms for different federal government’s contract in 2020The...

PenCom plans pension bonds to clear N400bn arrears

The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees.The arrears accumulated...

Discontinue registration of death benefits for deceased employees – PenCom

In its effort to get more people in the working force to plan for retirement, the National Pensions Commission (PenCom) has instructed Pension Fund...

PFAs to bear burden of wrong benefit payment – PenCom

The National Pension Commission (PenCom) said it will punish Pension Fund Administrators (PFAs) for wrong payments of death benefits to beneficiaries.In the circular, the...

PenCom spent N12.3bn IGR illegally, National Assembly alleges

The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National Pension Commission.The joint Senate...

PenCom fines defaulting employers N7.79b

The National Pension Commission (PenCom) has collected N7.79 billion from employers that defaulted in remitting pension contributions deducted from their employees’ Retirement Savings Account...

PenCom fines defaulting employers N7.79b

The National Pension Commission (PenCom) has collected N7.79 billion from employers that defaulted in remitting pension contributions deducted from their employees’ Retirement Savings Account...

PenCom, NIS  join BVN in biometric unification

Those that call for biometric convergence finally have their way as the Federal Government, via the National Pension Commission (PenCom), recently directed the 8.5...

Addressing poor data with ECRS technology – PenCom

The National Pension Commission (PenCom) has introduced an Enhanced Contributor Registration System (ECRS) meant to solve the challenges faced with the existing Contributor Registration...
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