The Federal Government has disbursed N8.6 billion as part of ongoing payments to pensioners under the N32,000 pension increment approved by President Bola Tinubu in 2024. The Pension Transitional Arrangement Directorate (PTAD) confirmed the latest…
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…
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 National Pension Commission (PenCom) has called on Lagos State Governor Babajide Sanwo-Olu to extend periodic pension increases to retirees under the Contributory Pension Scheme (CPS). The Director-General of PenCom, Ms. Omolola Oloworaran, made the…
The Nasarawa State House of Assembly has called on the State Pension Bureau to uphold transparency and accountability in the disbursement of pension and gratuity payments. Chairman of the House Committee on Finance and Appropriation,…
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 Kano State Pension Board has cleared over ₦21 billion in pension liabilities from the ₦48.6 billion debt inherited from previous administrations. This was disclosed by the Executive Chairman of the Kano State Pension Fund…
The Bayelsa State Government has directed the Local Government Service Commission and Pensions Board to issue pre-retirement forms to affected staff three months before their retirement dates. Deputy Governor Mr. Lawrence Ewhrudjakpo issued the directive…
Governors Abba Yusuf (Kano), Umaru Bago (Niger), and Umar Namadi (Jigawa) were honoured on Tuesday with the ‘Pensioners-Friendly Governors’ award by the Nigeria Union of Pensioners (NUP). The awards were presented during the NUP’s 12th…
The Nigeria Union of Pensioners (NUP) has commended President Bola Tinubu for recent measures aimed at overhauling pension administration in Nigeria. Speaking at the union’s 12th Quadrennial National Delegates’ Conference held on Tuesday in Kano,…
