Home Topics National Pension Commission

National Pension Commission

PENCOM: Most states not implementing Contributory Pension Scheme

Most states across the six geopolitical zones in the country are yet to fully implement the Federal Government’s Contributory Pension Scheme (CPS), a report by the National Pension Commission (PENCOM) has revealed.

PenCom registers 28,000 micro-pension subscribers

The National Pension Commission (PenCom) has disclosed that the micro pension scheme launched in March 2019, has recorded a total number of 28,000 contributors from 19 Pension Funds Administrator (PFAs) as at October 2019.

PENCOM advises Nigerians to embrace pension scheme to prevent poverty at old age

The National Pension Commission (PENCOM) on Monday advised every working-class Nigerian to key into a suitable pension scheme to prevent poverty at old age.

203 former employees drag Union Bank to court

No fewer than 203 former employees of the Union Bank of Nigeria Plc on Thursday dragged the bank before the National Industrial Court, Ibadan, over unpaid N16.2bn balance of pension entitlements.
Nigerian Stock Exchange NSE

Analysts anticipate stock market rally after OMO restriction

The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from investing in its open market operations (OMO) auctions may end up providing a welcome boost to one of the world’s worst-performing stock markets, the Nigerian Stock Exchange (NSE).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Aisha Dahir-Umar: PenCom’s priority is to pay retirees, not investment

The National Pension Commission (PenCom) on Wednesday said its priority is the payment of retirement benefits as and when due.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

CPS: Retirees pay N371.21 billion to life insurance firms

The National Pension Commission (PenCom) has said retirees from the public and private sectors had since the inception of the Contributory Pension Scheme (CPS) paid N371.21 billion premium to life insurance companies managing annuity accounts.

Pencom: Sacked employees withdraw N113.21 billion from pension funds

As companies and organisations both in the public and private sectors continue to streamline their workforce to minimise costs, no fewer than 324,141 sacked workers have withdrawn N113.21 billion from their Retirement Savings Accounts (RSAs) as of the end of June.

Only 1.78% Nigerian workforce captured in pension net

Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by newsmen has shown.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Micro pension plan, grassroots campaigns lift assets to N9.33 trillion

The rising acceptance of micro pension scheme being driven by the National Pension Commission (PenCom), has led to steady rise in pension assets. The pension funds grew from N9.12 trillion in April to N9.33 trillion in June 2019, indicating a N21 billion increase.

Police retirees groan over delayed pension payment

Police retirees under the Contributory Pension Scheme (CPS), supervised by the National Pension Commission (PenCom) are now lamenting over undue delay in the remittance of their accrued benefits said to have accumulated for over one year.

Data recapturing to protect pensioners from cybercrime – coy

Managing Director and Chief Executive Officer, IEI-Anchor Pension Managers Limited, Mr. Glory Etaduovie, has said that the ongoing data recapturing exercise of pension contributors and retirees by the Pension Fund Administrators, PFAs, nationwide will protect pension clients against cyber crime and other fraudulent intents and activities.

Pension contributors Inject N21 billion Into PenCom assets fund

This was revealed by the National Pension Commission (PenCom) in its monthly report on summary of pension fund assets and Retirement Saving Account (RSA) registration published on its website.

Pencom holds verification, enrolment exercise for retiring federal workers

The National Pension Commission (PenCom) on Monday continued its 2019 verification and enrolment exercise for employees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs) due to retire between January 1 and December 31, 2020.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Pencom: States fail to remit N3.4 billion deducted from workers’ pay

The acting Director-General of National Pension Commission, Mrs Aisha Dahir-Umar, has alleged that some of the 36 states operating the Contributory Pension Scheme refused to remit about N3.4 billion pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts (RSAs) with their Pension Fund Administrators (PFAs).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Pencom: Over N3.4 billion deducted from workers’ pay as pension un-remitted

Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Pencom commences verification of year 2020’s retirees July 1

The Acting Director-General of the Commission, Mrs Aisha Dahiru-Umar, said the commission would conduct verification exercise of prospective retirees who would retire from public service in the year 2020 between 1 July and 2 August 2019.

Recent Stories

William Troost-Ekong

Williams Troost-Ekong: I’m enjoying the competition in Super Eagles camp

Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.

Police recruitment: Court adjourns for PSC to respond to AGF’s application

The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.

Moscow accuses US of ‘hunting’ Russians after Israel extradites suspect

Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Evo Morales, who resigned as Bolivia’s president Sunday after losing the support of the army and police, has said there is now a warrant for his arrest.

Evo Morales’s topsy-turvy flight into exile

Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The Federal High Court, Abuja, on Thursday, held that the Independent National Electoral Commission (INEC) was wrong to have excluded candidate of the Social Democratic Party (SDP), Mrs Natasha Akpoti, in the Nov. 16 governorship election in Kogi.

Kogi guber: APC accuses SDP candidate of faking attack on her

The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.