The Correctional Officers Pencom Retirees Association of Nigeria (COPRAN) has criticized the contributory Pension Commission (PenCom) scheme for exacerbating the difficulties faced by retirees. In a formal petition addressed to President Bola Tinubu, the Senate President, the Speaker of the…
By Matthew Denis President Bola Tinubu has approved the appointment of new leaders for 10 federal agencies and a national project. On Saturday, Ajuri Ngelale, presidential spokesperson, announced the appointments in a series of press statements. Some…
Data from the National Pension Commission (PenCom) indicates that Nigeria’s pension fund assets have increased to N19.787 trillion as of April 30, 2024. This marks a growth of approximately 0.6 percent compared to the N19.669 trillion recorded as the net…
Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024. This represents a marginal decrease of about 0.45 percent when compared with N19.759 trillion…
The National Pension Commission (PenCom) said it has recovered N12.45 billion from employers that failed to contribute towards their employees retirement. The recovery would indeed help in wealth creation for the workers, thereby securing them against old age poverty in…
By Sodiq Adelakun Nigeria’s pension landscape has witnessed a significant boost as the Contributory Pension Scheme (CPS) assets have soared to N19.5 trillion at the end of January 2024, marking a 6.3 percent increase from the N18.6 trillion reported in…
The National Pension Commission (PenCom) has been rated high in the 2023 Ethics and Integrity Compliance Scorecard (EICS) for Ministries, Departments, and Agencies (MDAs) of government. The Commission’s statement on Wednesday in Abuja, said in the evaluation PenCom also emerged…
The Nigerian Exchange Limited has said that its partnership with the National Pension Commission (PenCom) will strengthen the participation of Pension Fund Administrators (PFAs) in the equities market through the NGX Pension Broad Index. Acting CEO of Nigerian Exchange Limited,…
The National Pension Commission (PenCom) recovered N24.8 billion of funds unremitted by employers in the third quarter of 2023. Mr Oguche Agudah, Chief Executive Officer of Pension Funds Operators Association of Nigeria (PenOp) made the declaration on Friday in Lagos.…
Nigeria’s pension industry has shown remarkable growth, with the National Pension Commission (PenCom) reporting a significant 20 percent year-on-year increase, bringing the total assets under management (AUM) to N17.4 trillion as of September 2023. In a recent analysis by FBNQuest…
