PENCOM

The National Pension Commission (PenCom) has issued a public warning to Nigerians over the growing wave of fraudulent job recruitment schemes targeting unsuspecting individuals across the country. In a statement shared via its official X…

The National Pension Commission (PenCom) has unveiled plans to provide a living wage for retired low-income earners following the Federal Government’s approval of a ₦758 billion pension bond to clear outstanding liabilities under the…

The National Pension Commission (PenCom) has announced that starting February 1, the provision of Bank Verification Numbers (BVN) will be mandatory for all Retirement Savings Account (RSA) registrations and data recapture processes. This…

Low-income pensioners now have the option to withdraw their entire Retirement Savings Account (RSA) balance or continue receiving monthly pensions, pending the implementation of the Minimum Pension Guarantee. This directive was detailed…

Pension Fund Administrators exposure to FGN Securities and stocks increased to N14.07 trillion in January 2024 as the sector’s current assets hit N19.53 trillion from the previous month N18.36 trillion. The National Pension Commission…

Nigerian Exchange Limited (NGX), in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) which provides a broader benchmark for equities investment by the pension industry. The NGX…

The Senior Investment Advisor, Prosper Africa, Cameron Khowsroshahi has canvassed that more of the Nigerian pension fund is invested in the capital market. Currently, 9.32 percent of the N17.92 trillion total pension assets amounting to…

The National Pension Commission (PenCom) has disclosed that a sum of N103,469,914,514.26 was remitted into the Retirement Savings Accounts (RSAs) of 119,865 employees of the 4,487 organisations that were issued Pension Clearance…

The aggrieved staff of the National Pension Commission, (PenCOM), numbering 20 have appealed against the judgment of the National industrial court, (NIC ) over unpaid salaries and unlawful labour practice. The aggrieved staff instituted…

The National Pension Commission (PenCom) has approved 34 mortgage banks for full implementation of the acquisition of residential mortgages by Retirement Savings Account (RSA) holders.