PenCom
Nigeria Raises Monthly Pension Payments to ₦14.83bn for Over 241,000 Retirees
Nigeria’s monthly pension payments under the Contributory Pension Scheme (CPS) have increased from ₦12.15 billion to ₦14.83 billion, benefiting more than 241,000 retirees...
PenCom Says Pension Reforms Aim to Expand Financial Inclusion
The National Pension Commission (PenCom) says its ongoing Pension 2.0 reforms are designed to remove barriers to pension participation and extend financial inclusion...
Personal Pension Plan Faces Funding Hurdle as 91% of Accounts Remain Unfunded
Nigeria’s Personal Pension Plan (PPP) is facing a major funding challenge, with about 91 per cent of registered accounts reportedly remaining unfunded, raising...
Pension Industry Commits N241bn to Nigeria’s Infrastructure Financing
Nigeria’s pension industry has committed N241 billion to an infrastructure development fund as part of efforts to channel long-term domestic capital into projects...
Pension Inflows Rise 42% as Over 91% of Personal Pension Accounts Remain Dormant
By Benson Daniel Quarterly contributions under Nigeria’s Personal Pension Plan rose by 42.46 per cent to N147.16 million in the first quarter of...
PenCom Says 38% Pension Contribution Drop Masks Stronger Underlying Growth
By Benson Daniel The National Pension Commission, PenCom, has clarified that the reported 38.1 percent decline in pension contributions in the first quarter...
Pension Funds Reach N31tn as Operators Seek Private Equity Opportunities
By Benson Daniel Operators in Nigeria’s pension industry are increasingly exploring private equity and other alternative investments as the value of pension fund...
Pension Contributions to Rise as PenCom Proposes Amendment to Retirement Law.
The National Pension Commission, PenCom, says pension contribution rates are expected to increase as part of proposed amendments to the Pension Reform Act,...
