Nigeria’s Pension Assets Hit N31.48tn
By Oluwakemi Kindness The National Pension Commission (PenCom) says Nigeria’s pension assets have surged by 51 per cent in two years, reaching N31.48 trillion from N20.7 trillion. PenCom Director-General, Omolola Oloworaran announced the figures on Tuesday during the Meet the Press briefing at the Presidential Villa in Abuja, describing the growth as a sign of […]
PenCom Set for Infrastructure Fund Rollout, Tightens Compliance
By Oluwakemi Kindness The National Pension Commission (PenCom) says the proposed Pension Industry Infrastructure Fund has reached an advanced stage of implementation as it moves to expand healthcare access for retirees and strengthen enforcement of pension compliance. Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday in Abuja after the third Pension Industry Leadership Meeting, […]
75m Informal Workers Risk Retirement Without Pension – PenCom
By Oluwakemi Kindness The National Pension Commission (PenCom) has warned that more than 75 million Nigerians working in the informal sector risk retiring without any pension coverage. Speaking in Abuja on Monday, PenCom Director-General, Omolola Oloworaran, said while pension reforms over the past two decades have strengthened Nigeria’s financial system, their benefits have largely been […]
PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
By Oluwakemi Kindness The National Pension Commission (PenCom) has approved a major upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), raising their total monthly pension payments from ₦12.56 million to ₦159.95 million. The approval represents an unprecedented 1,173 per cent increase in total monthly pension payouts and […]