Home Topics National Pension Commission

National Pension Commission

PenCom loses confidence in House of Reps committee leadership

The National Pension Commission (PenCom) has declared loss of confidence in the leadership of the House of Representative ad-hoc committee set up to investigate its activities.

Pencom, NIMASA, CBN shine at Enugu trade fair

The 30th Enugu International Trade Fair which ended on Monday in Enugu actually depicted the state of the nation’s economy with the absence of big manufacturing concerns and other key players in the private sector.

PTAD: Federal government spent N79.2 billion on monthly pension in 2018

The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners.

PenCom targets 30 million informal workers in new scheme

The National Pension Commission (PenCom), says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years.

The coming of micro pension plan

True to the notification, on Thursday, March 28, President Muhammadu Buhari launched the micro pension plan (MPP) which automatically extends retirement benefits to millions of self-employed workers in the informal sector.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

President Buhari launches pension scheme for workers in informal sector

President Muhammadu Buhari has launched the Micro Pension Plan (MPP) for workers in the informal sector.

PenCom directs PFAs to invest on projects

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to invest a minimum of 60 per cent of their funds on projects within Nigeria.

PenCom begs retired 65-year-old teacher not to kill self

In reaction to the plan by a 65-year-old retired teacher who served in the Bauchi State Civil Service, Mr Alhamdu Dan’Azumi, to terminate his own life, the National Pension Commission (PenCom) on Friday promised to assist him in getting his entitlement.
President Buhari receives in Courtesy Visit Labour Leadership led by President of Nigeria Labour Congress Ayuba Wabba in State House on 7th Mar 2019-5

President Buhari: PDP still has questions to answer on ‘squandered weatlh’

President Muhammadu Buhari has said the Peoples Democratic Party (PDP) owes Nigerians explanations on how it expended the resources that accrued to the country from oil sales between 1999 and 2014.

Operators invest N636 billion pension funds in banks

The Pension Fund Administrators have invested N636.99bn out of the total pension funds in their custody in banks as of the end of November 2018.

House of Reps starts investigations into PENCOM activities

The House of Representative has started investigations into the activities of the National Pension Commission (PENCOM) from April 2017 to date on the alleged violation of the Act establishing the commission.

PenCom recovers N564.67 million un-remitted pension

The National Pension Commission says it has recovered pension contributions and interest totalling N564.67million from defaulting employers during the third quarter of 2018.

PenCom to attract 60 million enrolees, N3 trillion growth

The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.

Pencom set to attract 60 million Nigerians to pension scheme

The National Pension Commission is set to attract 60 million Nigerians in the Informal Sector to the pension scheme.

CBN, NDIC, others raise alarm over low-insurance patronage

Tackling low-insurance patronage in the country was the focal point of Friday when the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC), the National Pension Commission (PenCom) and other members of the financial sector brainstormed in Abuja to unveil a new policy on deepening financial inclusion.

Central bank unveils new policy to capture the unbanked

The Central Bank of Nigeria on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services.

PenCom: Federal government borrowed N6.1 trillion from pension assets

The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme.

PenCom: Pension funds hit N8.45 trillion

Latest operational report from the National Pension Commission (PenCom) has revealed that Nigeria’s Pension Assets under the Contributory Pension Scheme (CPS) now stands at N8.45 trillion.

Recent Stories

Queen Elizabeth

Five facts about Queen Elizabeth II as she turns 93

Britain’s Queen Elizabeth II celebrates her birthday on Sunday, marking 93 years in the public glare.
Zinedine Zidane

Clarence Seedorf: Zinedine Zidane must make Real Madrid hungry again

Madrid reappointed Zidane as head coach in March after failed experiments with Julen Lopetegui and Santiago Solari during a desperately disappointing season by their own lofty standards, which has seen them fall way off the pace in LaLiga and crash out of the Champions League to Ajax in the last 16.

SMEDAN chief tasks youths on entrepreneurship, skill acquisition

Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Dr. Dikko Umaru, has urged youths to focus on entrepreneurship and skill acquisition to reduce the alarming rate of unemployment in the country.
Explosions have shaken Libya's capital Tripoli following an air raid, residents said, in an escalation of a two-week offensive by eastern forces on the city held by the internationally-recognised government.

Explosions in Tripoli suburb after air raid, death toll rises

Explosions have shaken Libya's capital Tripoli following an air raid, residents said, in an escalation of a two-week offensive by eastern forces on the city held by the internationally-recognised government.

Suspected jihadists kill 10 Mali soldiers

At least 10 Malian soldiers died Sunday in an attack by suspected jihadists in the centre of the African country, a security source told AFP.