The Pension Transitional Arrangement Directorate (PTAD) says it requires an additional ₦45.1 billion to sustain the implementation of the recently approved ₦32,000 pension increment for federal retirees under the Defined Benefit Scheme (DBS) until December…
NPF Pensions Limited has reaffirmed its commitment to building trust and correcting misconceptions surrounding police officers’ retirement benefits through sustained stakeholder engagement. In a statement issued on Friday in Abuja, the company disclosed that it…
The National Pension Commission (PenCom) has launched Pension Boost 1.0, an initiative under the Contributory Pension Scheme (CPS) aimed at increasing monthly pension payouts to retirees. Announcing the development during PenCom’s second-quarter media briefing in…
The National Pension Commission (PenCom) has announced that organisations failing to meet their pension remittance obligations will be blacklisted from 30 November 2025. PenCom Director-General, Omolola Oloworaran, issued the warning during the commission’s second-quarter media…
The Maritime Workers Union of Nigeria (MWUN) has issued a 21-day ultimatum to Melsmore Nigeria Ltd, demanding full compliance with workers’ welfare and pension obligations. The ultimatum was announced on Wednesday, 18 June 2025, in…
Interswitch, a leading technology company, has launched Interswitch PensionRemit, a fully automated platform designed to simplify pension contribution remittances for Nigerian employers. In a statement on Monday, the company announced that the platform became operational…
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…
