Tag: PENCOM
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Pension Fund Assets rise to N23.33trn – PenCom
National Pension Commission (PenCom) says the total assets under the Contributory Pension Scheme (CPS) rose to N23.33 trillion as at March 31.
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Retirees assets to hit N22trn before January as PenCom promises prompt payment
The National Pension Commission has said it is working with the Federal Government to institutionalise a sustainable solution, ensuring retirees receive their benefits promptly and without undue stress. This was revealed by the Director-General, Omolola Oloworaran at a media conference in Abuja on Thursday. “Expanding pension coverage remains a top priority for the Commission. Our…
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PenCom lifts restrictions on LPFAs investing in commercial papers
The National Pension Commission (PenCom) has lifted restrictions on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs).
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Senate confirms Omolola Oloworaran PenCom D-G
The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom).
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Tinubu asks Senate to confirm INEC commissioners, PenCom DG
President Bola Tinubu has written the Senate seeking confirmation of the appointment of commissioners for Independent National Electoral Commission (INEC).
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Why police should not exit CPS – Pension fund operators
The Pension Fund Operators Association of Nigeria (PenOp), has expressed concerns over proposals from the Nigeria Police Force (NPF), to exit the Contributory Pension Scheme (CPS) to Defined Benefits Scheme (DBS).
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FG set to clear all outstanding pension liabilities
The National Pension Commission (PenCom) on Tuesday in Lagos State assured that all outstanding pension liabilities would be paid soon.
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Pension fund hits N19.53 trillion
The pension fund assets has appreciated by N1.17 trillion to N19.53 trillion as at Jan. 31, as against N18.36 trillion recorded in Dec. 31, 2023.
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63m Nigerian workers yet to enroll with PenCom
Some members of the Organized Private Sector (OPS) have revealed that only 10 million out of the 73 million Nigerian workers have enrolled in the Contributory Pension Scheme (CPS).
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Pension asset hits N16.7 trillion – PenCom
The National Pension Commission (PenCOM) says its Pension Asset Under Management so far stands at an impressive N16.76 trillion.