In the first quarter of 2023, 34 defaulting employers were fined N191.22 million by the National Pension Commission (PenCom) for not remitting N193.06 million in pension...
The National Pension Commission of Nigeria (PenCom) has paid N328 billion as death benefits to families of 86,610 deceased public and private workers in Nigeria under...
Stanbic IBTC Pension Managers Limited has dismissed reports on the offer of gifts and incentives to Retirement Savings Account (RSA) holders contrary to the National Pension...
Nigerian workers have received a total of N223.82 billion in their retirement savings accounts as at the third quarter of last year. This was disclosed by...
The total pension assets under the Contributory Pension Scheme rose to N14.5 trillion as of the end of October 2022. The National Pension Commission (NPC) revealed...
The National Pension Commission (PenCom) has revealed that cash withdrawals by sacked workers in the country increased to N8.27 billion in the third quarter of 2022....
The National Pension Commission (PenCom) has disclosed that ñbbjnjvalue of pension fund assets has increased to N14.59 trillion as at the end of October 2022. This...
A total of N563.23 billion of pension funds under the Contributory Pension Scheme have been moved into the nation’s insurance industry as at the end of...
The family members of 2,249 deceased workers got N12.3 billion benefits under the Contributory Pension Scheme between April and June this year. The National Pension Commission...
The National Pension Commission (PenCom) said it recovered N721.12 million from employers who failed to remit pension contributions for their employees to respective pension fund administrators...
Pension Fund Administrators (PFA) in the country have credited to the account of private and government retired workers a total sum of N13.21 billion. The payment...
The National Pension Commission (PenCom) has disclosed that over 2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in...
The federal government and states are having a difficult time, and civil servants are already experiencing the consequences. According to data obtained from the National Pension...
The nation’s pension assets have hit N14.06 trillion at the end of April 2022, according to the latest monthly figures of performance of the industry released...
The National Pension Commission has revealed that 9,517 Nigerians who were disengaged by their employees withdrew N5.66 billion from their pension contributions in the first quarter...
The National Pension Commission (PENCOM) has recovered staff pension contributions totalling N422.34 million from 23 companies in the first quarter of this year. PENCOM reported that...
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...
