Nigeria’s pension funds continue to favour low-risk government securities at the expense of potentially higher-yielding investments, according to the latest data from the National Pension Commission (PenCom). The unaudited March 2025 report published on the…
The National Pension Commission (PenCom) has issued a directive requiring all service providers and vendors working with Licensed Pension Fund Operators (LPFOs) to present valid Pension Clearance Certificates (PCCs), in a move aimed at enhancing…
The House of Representatives Committee on Pensions is set to amend the Pension Reform Act (PRA) 2014 to address emerging issues in Nigeria’s pension system. Committee Chairman, Mr. Hussaini Jalo, disclosed this during a stakeholder…
Stakeholders in Nigeria’s pension industry have called for increased government funding, stronger institutional collaboration, and policy reforms to enhance regulatory effectiveness and improve contributor welfare. The calls were made on Saturday at the inaugural Pension…
The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has disclosed that newspaper organisations in Nigeria owe retired journalists more than N1.3 billion in unpaid pension contributions. A statement issued in Abuja on Tuesday…
The National Pension Commission (PenCom) has recovered ₦1.58 billion from defaulting employers through intensified enforcement efforts, even as assets top N23 Trillion. The Director General of PenCom, Ms Omolola Oloworaran, disclosed this during the First…
The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has disclosed that the Nigerian pension industry has committed N5.51 trillion to asset classes that support long-term financing in the real sector. The…
The National Pension Commission (PenCom) has called on states and local governments to implement the Contributory Pension Scheme (CPS) to ensure financial security for retirees across Nigeria. This appeal was made in a statement issued…
The Pension Fund Operators Association of Nigeria (PenOp) has assured the National Pension Commission (PenCom) that its members will comply with the directive mandating pension benefit payments within three working days of receiving complete applications.…
The National Pension Commission (PenCom) has restated its commitment to timely payment of retirement benefits. Speaking at a press conference in Abuja on Thursday, Director-General (D-G) of the Commission, Ms Omolola Oloworaran said the Contributory…
