Omolola Oloworaran, has assumed duties as Director-General at The National Pension Commission (PenCom) in acting capacity pending her confirmation by the Senate, in line with the provisions of Section 26 (1) of the Pension Reform Act 2014. A statement by
Nigeria’s Finance Minister and Coordinating Minister for the Economy Wale Edun has emphasised President Bola Ahmed Tinubu’s unwavering commitment to pensioners’ welfare amid essential economic reforms. Mr Edun who paid a working visit to the Pension Transitional Arrangement Directorate (PTAD)
By Ekerete Ola Gam-Ikon The Financial Services System (FSS) of any country determines the ability and capacity of its citizens to create and distribute wealth. The old tradition of Savings remain evergreen no matter what today’s Financial Gurus say.
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
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