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…
The National Pension Commission (PenCom) says pension assets increased to N16.76 trillion within the half-year period (six months) that ended in June 2023. The Director-General of PenCom), Mrs Aisha Dahir-Umar said this on Tuesday in Kano at the National Pension…
The National Pension Commission (PenCom) says N10.2 billion have been transferred into the Retirement Savings Account (RSAs) of 142,486 Nigerian Social Insurance Trust Fund (NSITF) Scheme contributors from 2014 to date. The Director-General, PenCom, Mrs Aisha Dahir-Umar revealed this at…
The Nigerian House of Representatives has resolved to probe the pension assets being managed by the National Pension Commission (PenCom). The House said it will be investigating the state of pension funds and will initiate moves to recover the N10…
The National Pension Commission (PenCom) revealed that five Pension Fund Administrators (PFAs) accounted for 64 percent of total registered contributors in the second quarter of 2023. These PFAs include Stanbic IBTC Pension Managers, Access Pensions, ARM Pension Managers, Leadway Pensure,…
The National Pension Commission (PenCom) has disclosed that the 2023 online verification and enrolment exercise for retirees will commence on October 2nd 2023 and run till December 31st 2023. According to PenCom, the enrolment exercise is prospective retirees of Federal…
