PENCOM - Page 2

26 States Yet To Implement Contributory Pension Scheme-PenCom

Mohammed Shosanya Only 8 states in Nigeria have fully implemented the Contributory Pension Scheme (CPS) twenty years after the enactment of the Pension Reform Act 2004,the Director-General of the National Pension Commission,Mrs.Omolola

December 20, 2024

by Mohammed Shosanya

PenCom Allows Pensioners To Withdraw Total Retirement Savings

Mohammed Shosanya The National Pension Commission (PenCom) has announced that low-income pensioners can now withdraw their entire Retirement Savings Account (RSA) balance or continue receiving monthly pensions until the

December 3, 2024

PENCOM

PenCom Removes Suspension On PFA’s Investment In Commercial Papers

Mohammed Shosanya The National Pension Commission (PenCom) has lifted its suspension on investment in commercial papers by licensed pension fund administrators (LPFAs) in the country.

December 3, 2024

PENCOM

FCCPC Investigates POS Operators Over Planned Price Fixing

Mohammed Shosanya The Federal Competition and Consumer Protection Commission(FCCPC) has begun investigation into the activities of the Lagos Chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) over

July 6, 2023

News·Nigeria News·PENCOM

Retirees Hail PenCom Over Reforms In Industry

Concerned Retirees and Prospective Pensioners in Nigeria on Tuesday commended the National Pension Commission (PenCom) over its numerous reforms in the pension industry. They also commended PenCom for the newly launched edition

January 11, 2023

PENCOM·Regulators

PENCOM Says N14.5trn Pension Fund Not Idle .

The National Pension Commission of Nigeria (PENCOM),says the N14.5trillion available pension fund is not idle, as the fund has been properly invested. It explained how the fund was invested while meeting with

September 16, 2022

PENCOM·Regulators

10,085 Firms Now Eligible For Govt Business -PenCom

The National Pension Commission gave clearance certificates to 10,085 organizations for complying with pension and insurance covers for their employers in the second quarter of 2022. The commission said the organizations can

September 5, 2022

PENCOM·Regulators

Recapitalization Will Catalyze Nigeria’s Pension Industry

The National Pension Commission (PenCom)has expressed optimism that the recent recapitalisation exercise in the pension industry will bring about increased effectiveness and efficiency as well as improved service delivery in the sector.

August 22, 2022

PENCOM·Regulators

FG Disburses N90 billion To Pensioners Annually

The Executive Secretary of Pension Transitional Arrangement Directorate, (PTAD), Dr. Chioma Ejikeme ,says Federal government pays over N90b to Pensioners in the country annually She spoke in Enugu at the launch of

January 20, 2022

PENCOM

38,518 Pension Contributors Migrate To New PFAs

The National Pension Commission,says no fewer than 38,518 workers who were displeased with their Pension Fund Administrators moved to other PFAs and transferred N148.11bn in their Retirement Savings Accounts within one year.

December 28, 2021

PENCOM

Remittance:PenCom Commences Sanction On Defaulting Employers

The National Pension Commission has commenced clampdown on employers who deducted monthly pensions from employees’ salaries but failed to remit them to their Pension Funds Administrators. It has appointed recovery agents to

November 4, 2021

PENCOM

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