By Leah Katung-Babatunde The Contributory Pension Scheme (CPS) has recorded 10.53 million registered contributors and boasts of pension fund assets of N21.92 trillion as of October 2024; it is targeted to exceed N22 trillion in 2024, a reflection of the unwavering commitment to fund safety,
The National Pension Commission (PenCom) has announce the release of ₦44 Billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriation for the period January to June. PenCom in a
The Ex-service Men and Family Welfare Association of Nigeria has asked the government to pay all their pension arrears and other entitlements. Retired Master Warrant Officer Anthony Gbaja Agbas, president of the Welfare Association made the call during a peaceful
The National Pension Commission (PenCom) has lifted the restriction on Licenced Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom in a circular said the decision seeks to facilitate capital raising and ensure continued market
The House of Representatives has said that it recognises the vital role which the Pension Transitional Arrangement Directorate (PTAD) plays, especially in payment of pensions, gratuity and death benefits to retirees of the Federal Government exempted from the Contributory Pension
The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM). This follows the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service during today’s
The Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) has accused the Federal Government of undermining the patriotism and sacrifice by Nigerian workers ten years after the introduction of the Contributory Pension Scheme CPS policy (2004 – 2014) after
The Federal Government has said it has released funds for payment of withheld salary of Non-Academic Staff Union of Federal Universities (NASU). Confirming this in a statement through the Office of the Accountant General of the Federation (OAGF) in Abuja,
The National Pension Commission (PenCom) has granted approval for the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited. PenCom in a statement disclosed that the merger has received the permission of the commission to form a new
The Chief of the Air Staff Air Marshal Hassan Bala Abubakar has said that the Nigerian Air Force (NAF) remains a committed stakeholder in the 20 years journey of pension reform in Nigeria. Air Marshal Hassan Bala Abubakar who made
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