Pencom Archives

PenCom recovers N25.45bn unremitted contributions

How pension assets hit N15.58tn – PenCom

The total pension assets of the National Pension Commission, PenCom, is currently over N15.58 trillion. The Director-General of the commission, Aisha Dahir-Umar, revealed this at a workshop organized for the Labour Writers Association of Nigeria, LAWAN, with the theme, “Securing the Future: The Benefits of the Contributory Pension Scheme to the Nigerian Workers,” in Lagos […]

bfatoyepdnlimited-com
19th May 2023
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Director-General, PenCom, Aisha Dahir-Umar

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168k workers transfer N664bn pension funds to other administrators – PenCom

Since the National Pension Commission opened up the option to transfer pension funds, 168,768 workers have moved their Retirement Savings Accounts worth N663.761bn to different Pension Fund Administrators. This was recently disclosed by PenCom in their “Quarterly summary of Retirement Savings Accounts transferred by Pension Fund Administrators” spaning from the fourth quarter of 2020 to […]

oojopdnlimited-com
17th April 2023
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177 Views

Business

Contributory asset rose above N1tn in one year- PenCom

The Contributory Pension Scheme’s asset rose from N13.76tn as of the the end of February 2022 to N15.45tn February 2023 which account for a N1.68tn increase in one year. PenCom made this disclosure in its unaudited report on the pension funds industry portfolio, accessed by The Punch. This report covers the period up until February […]

oojopdnlimited-com
10th April 2023
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200 Views

News

PenCom workers permitted to use pension for mortgage

The National Pension Commission has started giving workers permission to use 25% of their Retirement Savings Accounts for mortgage. According to The PUNCH, this was disclosed by the agency on Friday via a press statement titled, ‘PenCom approves guidelines on accessing Retirement Savings Account balance, for payment of equity contribution for residential mortgage by RSA […]

oamudipepdnlimited-com
24th September 2022
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301 Views

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022.

Insurance News

Pension remittances: 20 firms default, pay N211.5m penalty

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022. According to The Nation, this is a 28.4% decrease from the N295.5 million in similar charges paid by employers in the first quarter of 2022. However, in […]

oamudipepdnlimited-com
20th September 2022
1 Comment
282 Views

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Tag: Pencom

How pension assets hit N15.58tn – PenCom

168k workers transfer N664bn pension funds to other administrators – PenCom

Contributory asset rose above N1tn in one year- PenCom

PenCom workers permitted to use pension for mortgage

Pension remittances: 20 firms default, pay N211.5m penalty

Lagos positioned as Africa’s leading geo-economic hub —.

FG approves ₦21.2m Ebola preparedness funds

Tinubu extends Customs CG Adeniyi’s tenure by six.

Only 18% of Nigerian retailers can access formal.

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