PenCom Recovers N1.42billion From 79 Defaulting Employers In FY20
BY NKECHI NAECHE-ESEZOBOR--The National Pension Commission (PenCom) said it has recovered a total of N1.42 billion as at the end of 31st December, 2020, from 79 defaulting employers.According to the...
View ArticleOnly 25 States Have Enacted Pension Law- PenCom In 2021
BY NKECHI NAECHE-ESEZOBOR–A total of twenty-five states of the federation had enacted pension laws on the CPS as at the end of 31st December, 2020, the National Pension Commission has said. According...
View ArticlePFAs Register 22,432 Micro Pension Contributors In 2020
AISHA DAHIR-UMAR, DG PenCom BY NKECHI NAECHE-ESEZOBOR–Nineteen Pension Fund Administrators (PFAs) registered 22,432 contributors under the Micro Pension Plan (MPP) as at the end of 31, December, 2020,...
View ArticlePenCom Denies Breaching Regulation on Investment Of Pension Fund Assets
BY NKECHI NAECHE-ESEZOBOR–The Nigerian Pension regulator, the National Pension Commission (PenCom) on Friday denied allegation of breach of its regulation on investment of pension fund assets by...
View ArticleLagos Assembly Passes Two Bills To Moderate Pension Administration
NKECHI NAECHE-ESEZOBOR–The Lagos State House of Assembly passed two bills that seeks to moderate pension administration in the state.The House at its Tuesday sitting took the third reading of A Bill...
View ArticleClik here to view.
Lagos Spends N35.7billion On Accrued Rights In 31 Months
BY NKECHI NAECHE-ESEZOBOR–The Lagos State Government on Saturday said it spent a total of N35.7 billion on accrued rights to 9,200 retirees between May 2019 till date. The governor who was represented...
View ArticlePension Industry To Kick Start Micro Pension Awareness Campaign In 2022
BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) and Pension Fund Operators Association of Nigeria, (PenOp) on Thursday said it will commence micro pension awareness campaign within...
View ArticleOnly 10 PFAs Have Recapitalised- PenCom * Operators Plans To Unveil Health...
Executives of PenOp at the event. BY NKECHI NAECHE-ESEZOBOR–As April 2022 deadline given to Pension Fund Administrators (PFAs) to meet the new N5 billion minimum share capital regime draws closer, the...
View ArticleSigma Pensions Committed To Meeting Customer Expectation Within Ambits Of The...
Sigma Pensions Limited says it is committed to meeting its customer’s expectation and remains wholly guided by the law governing pension administrations in Nigeria. The Pension Fund Administrator...
View ArticleAccrued Rights: FG Releases N16.67bn For 2021 Retirees
The Federal Government on Wednesday released N16.67 billion for payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). This is contained in...
View ArticleHow Retirees/Workers Can Initiate RSA Transfer
BY NKECHI NAECHE-ESEZOBOR What is RSA Transfer? RSA Transfer is the transfer of an individual’s Retirement Savings Account (RSA) fromone Pension Fund Administrator (PFA) to another, processed through...
View ArticleMonthly Pension Contributions Rose To N361.73bn In Q3 2021 *RSA Active Funds...
BY NKECHI NAECHE-ESEZOBOR--The National Pension Commission ( PenCom) said N361.73 billion were received in Q3 2021 as monthly pension contributions for RSA Fund I, II, III V and VI-Active. The...
View ArticleCBN To Stop Sale Of Forex To Banks By December
The Central Bank of Nigeria has revealed that it would stop the sale of foreign exchange to Deposit Money Banks by the end of the year. According to the CBN Governor, Godwin Emefiele, banks must begin...
View ArticleIndustrial Court Orders Kaduna Refinery To Pay Ex-Staff Pension Arrears
The National Industrial Court has ordered Kaduna Refining Petrochemical Company Limited (KRPC) to immediately pay its former staff, Zakari Abdullahi, his pension entitlement from Sept.16, 1996 till...
View ArticleCPS: PenCom Rejects Nigerian Police’s Move To Exit Scheme
Aisha Dahir-Umar, DG PenCom BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) on Tuesday condemned move by the Nigerian Police Force (NPF) to exit the Contributory Pension Scheme...
View ArticleNAICOM Boss, PenCom DG, Others To Attend Sixth BusinessToday Conference
Commissioner for Insurance, Mr. Sunday Thomas and Director General of National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar. BY NKECHI NAECHE-ESEZOBOR–The Commissioner for Insurance, National...
View ArticleN208billion Remitted Into RSAs In Q4 2021-Says PenCom
BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission( PenCom), has said total pension contributions remitted to individual RSAs for Q4 2021 stood at N208 billion, BusinessToday has learnt. Data...
View Article39 Informal Sector Workers Convert To Contributory Pension Scheme In Q4 2021
Aisha Dahir-Umar, DG PenCom BY NKECHI NAECHE-ESEZOBOR–About 39 informal sector workers have converted to the mandatory Contributory Pension Scheme at the end of Q4 2021, according to figures obtained...
View ArticleBVN Verification Exercise: PTAD Removes 19,018 Dubious Pensioners From Payroll
L-R: Olugbenga Ajayi, head corporate affairs, Dr. Suleyman Shelleng, director, Civil Service Pension Dept, Mrs. Nneka Obiamalu director Pension Support Services Dept, Kabiru B. Yusuf, Director...
View ArticlePension Fund Assets Grow By N183.81billion To N13.61trn In Jan 2022
BY NKECHI NAECHE-ESEZOBOR–As at January 31, 2022, Nigeria’s pension fund assets reported a growth of N183.81billion to N13.61 trillion, according to National Pension Commission (PenCom). According to...
View Article