The Director of the Centre for Pension Rights Advocacy, Mr. Ivo Takor, has endorsed proposals to reintroduce gratuity payments under Nigeria’s Contributory Pension Scheme (CPS), urging that the initiative be anchored in law and guided…
The National Pension Commission (PenCom) has announced that total assets under the Contributory Pension Scheme (CPS) grew to N23.33 trillion as of March 31, 2025. Speaking at a media briefing in Lagos, PenCom’s Director of…
The National Pension Commission (PenCom) has launched Pension Boost 1.0, an initiative under the Contributory Pension Scheme (CPS) aimed at increasing monthly pension payouts to retirees. Announcing the development during PenCom’s second-quarter media briefing in…
The National Pension Commission (PenCom) has announced that organisations failing to meet their pension remittance obligations will be blacklisted from 30 November 2025. PenCom Director-General, Omolola Oloworaran, issued the warning during the commission’s second-quarter media…
The National Pension Commission (PenCom) is set to collaborate with the Office of the Head of the Civil Service of the Federation (OHCSF) to reintroduce a gratuity scheme for civil servants in treasury-funded Ministries, Departments,…
Interswitch, a leading technology company, has launched Interswitch PensionRemit, a fully automated platform designed to simplify pension contribution remittances for Nigerian employers. In a statement on Monday, the company announced that the platform became operational…
The Contributory Pension and Happy Retirement Advocacy (COPEHRA) has applauded President Bola Tinubu for his transformative leadership in Nigeria’s pension sector over the past two years. In an interview with the News Agency of Nigeria…
Nigeria’s pension funds continue to favour low-risk government securities at the expense of potentially higher-yielding investments, according to the latest data from the National Pension Commission (PenCom). The unaudited March 2025 report published on the…
The National Pension Commission (PenCom) has issued a directive requiring all service providers and vendors working with Licensed Pension Fund Operators (LPFOs) to present valid Pension Clearance Certificates (PCCs), in a move aimed at enhancing…
The House of Representatives Committee on Pensions is set to amend the Pension Reform Act (PRA) 2014 to address emerging issues in Nigeria’s pension system. Committee Chairman, Mr. Hussaini Jalo, disclosed this during a stakeholder…
