…reached ₦31.48 trillion, while 938,229 people joined the Contributory Pension SchemePenCom says pension increases, settled arrears and faster approvals are improving retirement income and reducing delaysNew benefits include an Exit Benefit Scheme, planned free healthcare for eligible retirees and a Minimum Pension Guar…

…group of workers in the Contributory Pension Scheme (CPS). The Director-General of Pencom, Ms. Omolola Oloworaran, who spoke at the 2026 National Pension Commission Media Conference in Abuja, yesterday, said that with the informal sector accounting for about 92 percent of the nation’s workforce, it must be included in…

ASSBIFI declared the N70,000 national minimum wage grossly inadequate during its 2026 World Day for Decent Work event in LagosThe union's acting president said the wage cannot buy a bag of rice, cover monthly rent, or feed an average Nigerian family for two weeksASSBIFI called on the Federal Government to urgently addr…

…and informal sector workers under its Pension 2.0 reforms. The Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday at the commission’s 2026 Customer Service Week seminar themed “Extra Mile.” Oloworaran, represented by the Head of the Surveillance Department, Mr Abdulrahman Saleem, said the reforms…

…and infrastructure at the National Headquarters. He, however, identified delayed PENCOM payments as the biggest challenge facing retirees. “While in service, both government and officers contribute to PENCOM. Upon retirement, the accrued money is supposed to be paid. Unfortunately, retirees receive peanuts compared to…

…pension increases and wage awards for retirees under the Contributory Pension Scheme. PenCom disclosed this in a statement issued on Monday following concerns raised by pensioners in Lagos State over delays in implementing approved adjustments to their retirement benefits. The intervention came as pensioners under the…

APC in Abia State called on the state government to clear pension and gratuity arrears estimated at over N70 billionThe party said some retirees were receiving as little as N4,000 monthly, far below the N32,000 pension thresholdAPC also flagged reports of workers in some state agencies earning between N23,000 and N40,0…

…the corresponding period 2025, according to data from the National Pension Commission, PenCom. Financial analysts said the development is driven by high interest environment in the financial market and sustained Federal Government (FG) borrowings. The total pension Net Assets Value, NAV increased by 27.1%, YoY, to N31.…

…Nigeria Employers’ Consultative Association (NECA) The post OPSN expresses concern over PenCom proposed 3% additional increase of pension contribution appeared first on Tribune Online.

…in mandatory pension contributions being considered by the National Pension Commission, PenCom, warning that the move could negatively impact businesses, jobs and workers’ earnings. OPSN, which comprises major business groups, including the Manufacturers Association of Nigeria, MAN, the Nigeria Employers' Consultative…

By Emeka Anaeto The National Pension Commission (PenCom) is set to refine its investment frameworks to direct pension capital into critical national assets, including infrastructure, energy, healthcare, and agriculture, while maintaining competitive returns for contributors. These are some of the disclosures made by th…

By Emma Ujah, Abuja Bureau Chief The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has said the proposed Pension Industry Infrastructure Fund is in the final stages of implementation as part of efforts to channel a portion of the industry's over N32 trillion assets into infrastructur…

…He also made available the sum of N758bn for arrears of pension and gratuity for PENCOM, for contributory pensioners. "And he provided N58bn for the payment of pension arrears for those on the Defined Benefit Scheme. "So we are congratulating him, we are thanking him, and we are appreciating all that he is doing for pe…

By Victor Ahiuma-Young The National Pension Commission, PenCom, has commenced moves to bring millions of transport workers into Nigeria's pension system through the Personal Pension Plan, PPP, in what could become one of the largest pension inclusion initiatives targeting the informal sector. The initiative emerged dur…