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#PenCOM

7 Results / Page 1 of 1

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Economy

PenCom Unveils New System To End Cases Of Uncredited Pension Contributions

Oluwakemi Kindness   The National Pension Commission (PenCom) has officially launched its new Pension Contribution Remittance System, a platform designed to optimize the process of remitting pension contributions into employees' Retirement Savings Accounts (RSAs). This system, developed in collaboration with the Pension Operators’ Association of Nigeria (PenOp), has deployed approved Payment Solution Service Providers (PSSPs) to enhance accuracy, efficiency, and transparency in pension contributions. The introduction of the Pension Contribution […]

todayMarch 27, 2025 13 4 6

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Economy

PenCom Tasks States On Implementation of CPS

Oluwakemi Kindness   The National Pension Commission (PenCom) has called on all states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. This is as the Commission urges Akwa Ibom, Borno, Kwara, Plateau, Cross River, and Yobe States to commence implementation of the Contributory Pension Scheme CPS in their states. PenCom also urges Abia, Adamawa, Bauchi, Bayelsa, Ebonyi, Enugu, Gombe, Imo, Kano, Katsina, Kebbi, Kogi, […]

todayMarch 27, 2025 12 17 4

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Economy

PenCom Eases Benefit Payments Process For Retirees

Oluwakemi Kindness The National Pension Commission (PenCom) says effective from 1st June 2025, Pension Fund Administrators (PFAs) would no longer be required to seek approval or obtain a “No Objection” from the Commission before processing and disbursing benefits, including Programmed Withdrawal, Retiree Life Annuity, and Temporary Loss of Employment benefits, among others. PenCom, however, noted that PFAs must continue to submit requests for approval to the Commission regarding depleted RSAs […]

todayMarch 14, 2025 16 10 6

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Economy

Yobe State Government Seeks PenCom Support towards Pension Reform

Oluwakemi Kindness Yobe State Government has expressed its readiness to collaborate with the National Pension Commission (PenCom) in implementing the Contributory Pension Scheme (CPS) in the state. The Governor, Mai Mala Buni, disclosed this in Abuja at the weekend during a meeting with the Director General of PenCom, Omolola Oloworaran in Abuja, where discussions focused on the adoption and implementation of the CPS in Yobe State. Speaking during the meeting, […]

todayMarch 10, 2025 19 42 4

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Economy

PenCom Lifts Restriction On LPFAs Investing In Commercial Papers

By Oluwakemi Kindness The National Pension Commission (PenCom) has lifted restriction on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom announced the decision in a Circular issued on Tuesday and signed by the management of PenCom led by Omolola Oloworaran as Director-General. PenCom had in October 2024 directed all LPFAs to suspend further investment in commercial papers […]

todayDecember 3, 2024 17 13

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Economy

Senate Confirms Omolola Oloworaran as DG PenCom

By Oluwakemi Kindness The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM). The confirmation on Thursday followed the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service at plenary. It would be recalled that President Bola Ahmed Tinubu had earlier requested the Senate to confirm the appointment. Omolola Oloworaran was appointed Director General, […]

todayNovember 21, 2024 25 5

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National Assembly

Presidential Aide Commends Tinubu’s Commitment to Financial Reforms As Senate Screens PenCom DG

By Anayo Akwitti  The Special Adviser to the President on Senate Matters, Senator Bashir Lado Mohammed has  commended President Bola Ahmed Tinubu, for his ongoing financial reforms and emphasis on fiscal discipline. This he said is as particularly demonstrated during the screening of Ms. Omolola Bridget Oloworaran, the newly appointed Director-General of the National Pension Commission (PenCom) by the Senate. Speaking in a statement he said the screening by the […]

todayOctober 11, 2024 18 2

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