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 Seeks States’ Implementation Of Contributory Pension Scheme

The National Pension Commission (PenCom),has implored all states and local governments to implement the Contributory Pension Scheme (CPS) in order to guarantee a pension-secure Nigeria. The Commission conveyed the call in a

March 27, 2025

PENCOM

PenCom Fastracks Benefit Payments To Retirees

The National Pension Commission (PenCom) has introduced policy initiative aimed at expediting the payment of benefits to Retirement Savings Account (RSA) holders. This is conveyed in the Circular on Approval of Benefits

March 13, 2025

PENCOM

Yobe Ready To Embrace Pension Reform,PENCOM Boss Pledges Support

Governor Mai Mala Buni of Yobe State has reaffirmed his administration’s commitment to implement the Contributory Pension Scheme (CPS) in Yobe State. He stated this during a recent meeting with the Director-

March 7, 2025

PENCOM

Tinubu Approves N758bn To Settle 16 Years Pension Liabilities

President Bola Tinubu has approved a N758 billion bond to settle long standing pension liabilities under the Contributory Pension Scheme (CPS) for federal workers in the country. The decision was taken during

February 19, 2025

PENCOM

Retirees Get Additional N22bn

The National Pension Commission (PenCom) has released 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

January 22, 2025

PENCOM

Nigeria’s Pension Assets Hit N4.26tn- PenCom

Mohammed Shosanya Nigeria’s contributory pension assets rose by N4.26tn between October 2023 and October 2024,the National Pension Commission has said The

December 9, 2024

PENCOM

PenCom Pays N44bn To Retirees

Mohammed Shosanya The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024

December 6, 2024

PENCOM

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

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