Access Holdings has agreed to acquire First Guarantee Pension Limited (FGPL) after selling its pension business, Access Pension Fund Custodian Limited, to First Bank of Nigeria...
The National Pension Commission (PenCom) has revealed an increase in the country’s pension fund assets by over N1.5 trillion or 12.46 per cent in the last...
Nigeria’s total pension asset value rose by 12 per cent year-on-year to N13.8 trillion as of February 2022. The pension fund as at last month stood...
The National Pension Commission (PenCom) has faulted the Pension Reform Amendment Bill, being debated in the national assembly, for proposing at least 75 percent lump sum...
Workers in the public-sector contributed N107.78 billion to Nigeria’s pension savings in the fourth quarter of last year, the National Pension Commission has revealed. A data...
The Pension Commission (PenCom) has revealed that 2,084 private and public workers have shared N519.51 million as retirement benefits from their pension account. PenCom disclosed this...
Seventeen years after the mandatory Contributory Pension Scheme was enacted, 22 states are yet to enrol workers into the scheme. Any hope of implementing it this...
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said the financial regulator will take action on the ownership tussle at First Bank Nigeria Limited...
It’s been over 48 hours since Ripples Nigeria disclosed that Tunde Hassan-Odukale isn’t the majority shareholder as First Bank Nigeria (FBN) Holdings made their investors believe....
The Nigerian Pension Commission (PENCOM) has addressed the blow out from the leadership tussle between Tunde Hassan-Odukale and Femi Otedola in First Bank Nigeria (FBN) Holdings....
The leadership tussle between Femi Otedola and Tunde Hassan-Odukale for First Bank Nigeria (FBN) Holdings control has opened another can of worms, but this time, at...
The National Pension Commission (PenCom) has revealed that the families of 1,209 dead private and government employees have received death payments totaling N6.17 billion. PenCom disclosed...
The National Pension Commission has disclosed that the pension fund assets of the Contributory Pension Scheme (CPS) grew by 3.91 percent in the first seven months...
The National Pension Commission (PenCom) has confirmed an increase in the country’s pension fund for the month of May. In the industry report posted on its...
The Director-General of the National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, said on Monday the country’s pension fund has increased to N12.66 trillion. Dahir-Umar, who disclosed...
The National Pension Commission (PenCom) has revealed that it has created an online enrollment application for prospective retiree registration, verification, and enrollment. This was made known...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The National Pension Commission (PenCom) has said it recovered N608.55m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement...
More Nigerians who have lost their jobs are turning to their pension funds to help them weather the current economic downturn. Data obtained from the National...
The National Pension Commission has announced that only 15,418 organisations out of over 3.1 million registered companies in the country can do business with the federal...
The total value of pension assets in the country dropped by N51.30 billion in February, the National Pension Commission (PENCOM) has said. In a figure obtained...
The National Pension Commission (PENCOM) has disclosed that total pension contributions grew by N167.74 billion in the fourth quarter of 2020. The fourth quarter contribution therefore...
The National Pension Commission has revealed that of the 9.2 million retirement savings account in the country, 38 percent which is about 3.5 million were empty...
Over 26,458 Nigerians who lost their jobs and could not get another after four months withdrew N14.97bn from their Retirement Savings Accounts in the first eight...
The National Pension Commission (PenCom) has disclosed that total assets under the Contributory Pension Scheme had risen by N184.68bn in the third quarter of 2020. In...
In a bid to proffer solution to the challenges of pension administration in Nigeria, the Federal Government of Nigeria has inaugurated 16 members of the National...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Pension Fund Administrators (PFAs) that refuse to approve annuity for retirees who collect pensions through them under the Programmed Withdrawal will henceforth be penalised, the National...
331,003 workers who lost their jobs withdrew N116.88 billion from their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom)...
The National Pension Commission (PenCom) Thursday said it would soon open the window that would offer employees the liberty to transfer their Retirement Savings Accounts (RSA)...
The trial of former Secretary to the Government of the Federation (SGF), Babachir Lawal and five others continued before Justice Jude Okeke of the Federal Capital...
The National Pension Commission (PenCom) has said the number of Nigerian workers that have registered under the Contributory Pension Scheme (CPS) has hit 8.85 million. The...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
Vice-President Yemi Osinbajo on Friday said the Federal Government was in discussions with the National Pension Commission for operators of the Contributory Pension Scheme to provide...
There are indications that more retirees in the country have opted for annuity plans with insurance companies in the country as the industry is revealed to...
Data from the National Pension Commission (PenCom) has revealed that pension operators in the country have invested the total sum of N250.02 billion pension assets in...
The National Pension Commission, PENCOM, has accussed states operating the contributory pension scheme of failing to remit about N3.4 billion pension contributions deducted from their workers...
The National Pension Commission, PenCom, has revealed that about 16,536 private organisations were issued the commission’s certificate of compliance for the 2018 financial year. PenCom revealed...
Governor of Central Bank of Nigeria, Godwin Emefiele, and the Accountant-General of the Federation, Ahmed Idris, have been asked to appear before the House of Representatives...
The House of Representatives Ad hoc committee on the activities of National Pension Commission and its administrators, has threatened to issue a bench warrant to compel...
The federal government has formally launched the Micro Pension Plan (MPP) which is expected to significantly expand pension coverage to informal sector players including self-employed persons...
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the...
The National Pension Commission (PenCom), has said that out of the over 70 million people that represent the working population in Nigeria, only 8.41 million of...
AS the crises over transfer of all annuity assets under the management of life insurance companies to Pension Fund Custodians, PFCs, finally settles, growth in annuity...
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme. These figures were released by the...
The Federal Government has made the National Identification Number (NIN) compulsory for all workers under the Contributory Pension Scheme. According to a circular from the National...
The National Pension Commission, PenCom, has said Nigerian banks borrowed a total of N764.32bn from pension funds under the Contributory Pension Scheme, CPS. The commission added...
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government’s Bonds in August. Data obtained from the National Pension Commission...
State governments have borrowed a total of N151.95 billion of the total pension fund assets invested by pension fund operators in the country as of June...
Over 1,000 federal civil servants drawn from four states in the North-West zone due for retirement in 2019 have converged on Kaduna to commence their pre-retirement...
