The Oyo State Government has advanced plans to place civil servants recruited from 2025 under the Contributory Pension Scheme (CPS), with full implementation scheduled to commence on July 1, 2026. The government said the move…
The Lagos State Government has disbursed more than ₦8.04 billion to retirees under the Contributory Pension Scheme and the Defined Benefit Scheme as part of broader efforts to strengthen workers’ welfare and improve public service…
The National Pension Commission (PenCom) has disclosed that only seven states and the Federal Capital Territory (FCT) are fully implementing the Contributory Pension Scheme (CPS), despite 30 states having enacted pension reform laws. Speaking on…
The Chairman of the Nigeria Labour Congress (NLC) in Rivers State, Mr. Alex Agwanwor, has called for the immediate termination of the contributory pension scheme in the state, citing systemic inefficiencies and governance lapses that…
– But informal sector coverage remains at 0.25%, as RSA data recapture lags and recapitalisation deadline looms Nigeria’s pension assets rose to N29.43 trillion in February, representing a monthonmonth increase of N1.39 trillion, according to…
The Nigeria Union of Pensioners (NUP) has urged federal pensioners residing in Enugu State to register with its Contributory Pension Scheme (CPS) sector to access new benefits, including free medical services for eligible retirees. The…
The Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) has reaffirmed its commitment to safeguarding the rights of its members and strengthening the Contributory Pension Scheme (CPS) in Nigeria. Speaking on Friday in Abuja…
The Ogun State Government has approved an Additional Pension Benefit (APB) to enhance the welfare of workers and retirees under the Contributory Pension Scheme (CPS), in a move aimed at strengthening retirement security and addressing…
Nigeria’s Retirement Savings Account (RSA) registrations have surpassed 10.9 million, reflecting sustained expansion of pension coverage, even as low contribution activity in the informal sector and administrative gaps raise concerns about long-term sustainability. The Quarter…
Nigeria’s pension industry expanded further in the third quarter of 2025, with total assets under management rising to N26.09 trillion, even as market concentration among Pension Fund Administrators (PFAs) intensified and 11 states remained outside…
