Pensions

Today, pension assets are currently in excess of N18 trillion and are not existing in isolation. Ibrahim Garba Buwai, Head Corporate Communications Department of PenCom who made the disclosure in Abuja said the commission is happy that the information is

Total assets under the Contributory Pension Scheme reached N18.36tn by the end of 2023. Data from the National Pension Commission PenCom’s ‘Unaudited report on pension funds industry portfolio for the period ended December 2023; Approved Existing Schemes, Closed Pension Fund

The National Pension Commission (PenCom) has secured the top position in the 2023 Ethics and Integrity Compliance Scorecard (EICS) among 50 regulatory agencies in Nigeria, as assessed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). In the

Its countdown to the 20th anniversary of pension reform in Nigeria and already 1. 63 trillion Naira has been paid as lump sum to Retirees on Programmed withdrawals and Annuity as at June 2023 and over 208 billion Naira representing

The Pension Transitional Arrangement Directorate (PTAD) says it has commenced an expanded computation project for verified Pensioners and Next-of-Kin of deceased pensioners, with a view to resolving their complaints of non-payment of Gratuity and Death Benefits respectively. The Executive Secretary

Former Minister of Finance and Minister for industry, trade and investment, Mr Olusegun Aganga, has canvassed for Nigerian pension funds be able to invest a portion of their assets offshore and in index/inflation linked instruments. He said this was very

The Pension Fund Operators Association of Nigeria (PenOp) say the deployment of Recovery agents and the whistleblower policy recently introduced by the National Pension Commission PenCom have combined to aid compliance of pension remittance by many employers. Before now, there

The Pension Transitional Arrangement Directorate (PTAD) says it has finalized the payment  of ₦1,023,756,227.45 (One Billion, Twenty –Three Million, Seven Hundred and Fifty-Six Thousand, Two Hundred and Twenty-Seven Naira Forty-Five Kobo) to 7,091 (Seven Thousand and Ninety-One) pensioners of the

The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N846,146,987.71(Eight Hundred and Forty Six Million, One Hundred and Forty Six Thousand, Nine Hindered and Eighty Seven Naira, Seventy One Kobo) to 2,730 pensioners of the Civil service Pension