The National Pension Commission (PenCom) has approved the withdrawal of over N1.72 trillion for Pension Fund Administrators to pay Retirement Savings Account (RSA) holders from inception to 31st December 2022. According to PenCom in its 2022 4th quarter report, retirees…
The Lagos Commodities and Futures Exchange has advocated the need for PENCOM to implement the relevant laws that made provision for Pension Fund Administrators (PFAs) to invest in the Commodities Ecosystem to accelerate the Nigerian economic development. Specifically, the LCFE’s…
The National Pension Commission (PenCom), on Thursday, said the Federal Government had released N13.89 billion for payment of Accrued Pension Rights (APRs) of 2022 retirees of Ministries, Departments and Agencies (MDA’s). The commission said this in a statement on its…
The National Pension Commission (PenCom) is ready open its books for scrutiny because it has nothing to hide, Mrs Aisha Dahir-Umar, the Director-General, has said. In a statement issued at the weekend, Mrs Dahir-Umar said PenCom is aware of a…
By Matthew Denis Abuja The National Pension Commission (PenCom) has disclosed that it would soon commence the online verification and enrollment of retirees and prospective retirees of Federal Government Ministries, Departments and Agencies (MDAs) on October 17, 2022. PenCom spokesman,…
The Pension Fund Operators Association of Nigeria (PenOp) on Tuesday lauded the National Pension Commission (PenCom) for releasing guidelines to access equity for residential mortgage. A statement made available by PenOp’s spokesperson, Ms Olajumoke Akinwa, in Lagos described the policy…
By Matthew Denis Abuja The National Pension Commission (PenCom) has approved guidelines on accessing Retirement Savings Account (RSA) balance towards payment of Equity Contribution for residential mortgage. This is contained in a Communique made available to Nigerian NewsDirect on Tuesday.…
By Matthew Denis Abuja The National Pension Commission (PenCom) has debunked the allegation making rounds that the least paid employee earns a salary of N3 million per month. This is contained in a statement made available to Nigerian NewsDirect by…
The National Pension Commission (PenCom) says it has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited. FBN Holdings Plc, had through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc to buy out…
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021, a 15.6 per cent increase compared to N16.31 billion spent in the previous year, and 31.4 per cent increase when compared to N14.35…
