Tag: PenCom

PenCom, TUC partner to boost Pension compliance 

  The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has reaffirmed the Commission’s commitment to strengthening collaboration with the Trade Union Congress of Nigeria (TUC) in advancing pension reforms and ensuring greater compliance with the Contributory Pension Scheme (CPS).   Ms. Oloworaran gave the assurance during[Read More…]

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Nigeria’s pension assets hit N23.34trn

    Nigerian workers under the Contributory Pension Scheme (CPS) have contributed a total of N23.33 trillion as of the end of the first quarter of 2025. According to Mr Saleem Abdulrahman, Director of Surveillance, National Pension Commission, PenCom, the figure represents an increase of N820 billion when compared with[Read More…]

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PenCom issues new directive to Pension operators 

    In furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs). According a statement, the directive prohibits transacting[Read More…]

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PenCom moves to recover N1.3bn unpaid Pension Contributions for Journalists from Newspaper Organisations

  The National Pension Commission (PenCom) has stated that newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists. This was disclosed by the Director General of PenCom, Ms. Omolola Oloworaran, who led a delegation to the Nigerian Press Council in Abuja. Ms. Oloworaran expressed concerns over[Read More…]

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PenCom releases N22bn for retirees 

    The National Pension Commission (PenCom) has announced the release of an additional N22 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation for the period July to September.   These funds, according a statement by the Commission, have been[Read More…]

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PenCom gives deadline for employers to submit incomplete remittance documentation to PFAs

PenCom gives deadline for employers to submit incomplete remittance documentation to PFAs   The National Pension Commission (PenCom) has given employers with incomplete remittance documentations till December 31, 2023 to provide their Pension Fund Administrators (PFAs) requisite information to facilitate the crediting of pension contributions into the employees RSAs or[Read More…]

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