PENCOM Archives - The Glitters Online

PenCom, NURTW Plan Pension Coverage For Nine Million Transport Workers

Kazeem Tunde — Wed, 17 Jun 2026 19:02:48 +0000

PenCom, NURTW Plan Pension Coverage For Nine Million Transport Workers The National Pension Commission and the National Union of Road Transport Workers have begun discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The initiative was disclosed in a statement […]

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Only Seven States, FCT Fully Implementing Pension Laws – PenCom DG

Kazeem Tunde — Thu, 07 May 2026 19:01:02 +0000

Only Seven States, FCT Fully Implementing Pension Laws – PenCom DG The National Pension Commission has said that only seven states and the Federal Capital Territory are fully implementing pension reform laws despite widespread adoption of contributory pension frameworks across the country. The Director-General of the National Pension Commission, Mrs Omolola Oloworaran, disclosed this […]

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Only 17 States Implementing Contributory Pension Scheme – PenCom

Kazeem Tunde — Wed, 19 Nov 2025 19:20:28 +0000

Only 17 States Implementing Contributory Pension Scheme – PenCom The Nigerian Pension Commission (PenCom) on Wednesday said only 17 states out of Nigeria’s 36 states are currently implementing the Contributory Pension Scheme. The commission noted that 12 states have not started at all, while seven states are at various stages of establishing their pension […]

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PenCom DG Visits Labour House Over Funds Crisis

Kazeem Tunde — Mon, 01 Sep 2025 12:42:11 +0000

PenCom DG Visits Labour House Over Funds Crisis In what sources described as a “make-or-break intervention,” the Director General of the National Pension Commission, PenCom, Ms. Omolola Oloworaran, has stormed the Labour House in Abuja, seat of the Nigeria Labour Congress, NLC, amid rising tensions between parties over the safety of pension funds. The visit, […]

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PenCom Blacklists Seven Mortgage Banks Over Housing Loans Breach

Kazeem Tunde — Tue, 19 Aug 2025 05:37:50 +0000

PenCom Blacklists Seven Mortgage Banks Over Housing Loans Breach The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications submitted by seven Primary Mortgage Banks over alleged non-compliance with its housing loan guidelines. In a circular dated August 11, 2025, signed by […]

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FG Bows To NLC Pressure, Appoints Chairman For PenCom

Kazeem Tunde — Mon, 18 Aug 2025 04:56:02 +0000

FG Bows To NLC Pressure, Appoints Chairman For PenCom The Federal Government has bowed to the threat of a strike by the Nigeria Labour Congress for not constituting the governing board of the National Pension Commission by appointing Mr Opeyemi Agbaje as the chairman. The news of Agbaje’s appointment was confirmed by impeccable NLC […]

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Raise Police Pension To 20%, PenCom Urges FG

Kazeem Tunde — Fri, 15 Aug 2025 05:26:47 +0000

Raise Police Pension To 20%, PenCom Urges FG The National Pension Commission has urged the Federal Government increase its pension contribution for police officers from 10 to 20 per cent and raise their monthly pensions to 75 per cent of their final salary before retirement. In a statement released by PenCom on Thursday, it […]

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PenCom Denies Lending FG N10tn

Kazeem Tunde — Mon, 11 Mar 2024 04:34:28 +0000

PenCom Denies Lending FG N10tn The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the Federal Government. The House of Representatives in October adopted a motion mandating its Committee on Pensions to recover N10tn pension funds “borrowed” by the Federal Government. Dismissing the claim during […]

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PenCom Recovers N24.8bn Of Funds Not Remitted By Employers In Q3 2023

Kazeem Tunde — Sat, 09 Dec 2023 03:13:17 +0000

PenCom Recovers N24.8bn Of Funds Not Remitted By Employers In Q3 2023 The National Pension Commission (PenCom) recovered N24.8 billion of funds unremitted by employers in the third quarter of 2023. Mr Oguche Agudah, Chief Executive Officer of Pension Funds Operators Association of Nigeria (PenOp) made the declaration on Friday in Lagos. He spoke […]

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N130bn Pension Fund Invested In Infrastructure- PenCom

Kazeem Tunde — Mon, 27 Nov 2023 11:56:31 +0000

N130bn Pension Fund Invested In Infrastructure- PenCom Pension Fund Administrators invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission on ‘Unaudited report on pension funds industry portfolio for the period ended 30 September 2023- Approved Existing Schemes, Closed […]

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