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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 2019-3

President Buhari: My second term will be peaceful, prosperous

Barely a week after President Muhammadu Buhari said his next tenure would be tough, the president yesterday toned down his language, saying his next four years would rather be peaceful and prosperous.
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.

NLC demands inauguration of NSITF, other federal boards

The Nigeria Labour Congress (NLC) has again called on ministers to inaugurate the boards of federal parastatals already constituted by the federal government.

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.

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.

Strike: Federal government, ASUU reach agreement on demands

The Federal Government, on Monday reached an agreement with members of the Academic Staff Union of Universities (ASUU).

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