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Tag: pension

Finance

Nigeria pension assets hit N26tr

Nigeria’s pension industry continued its steady climb in September 2025, with total pension assets rising to N26.09 trillion, up from N25.90 trillion in August. The increase represents 0.75 percent month-on-month growth and a strong 23.44 percent surge year-on-year, underscoring sustained investor confidence despite mixed capital market conditions. Fresh figures released by the National Pension Commission […]

Finance

Over 10m Nigerians benefit from pension scheme — PenCom

The Director-General of the National Pension Commission, Omolola Oloworaran, has asserted that the Contributory Pension Scheme has completely rewritten Nigeria’s pension narrative over the last two decades. Ms. Oloworaran made this declaration during the Stakeholders’ Conference on the Workings of the CPS for employees and pensioners of the federal government treasury-funded Ministries, Departments, and Agencies […]

Business

Nigeria’s Pension assets rise to ₦25.9tn amid market volatility

Nigeria’s pension fund industry recorded a modest gain in August 2025, as fund managers cautiously rebalanced portfolios in response to mixed market signals. Data from the National Pension Commission showed total assets under management rose to ₦25.90 trillion in August, up ₦97.88 billion from ₦25.80 trillion in July according to Nairameteics. The 0.38 per cent […]

Federal pensioners protest in Lagos over delayed ₦32,000 increase
News

Federal pensioners protest in Lagos over delayed ₦32,000 increase

A group of federal pensioners on Monday protested at the Lagos office of the Pension Transitional Arrangements Directorate, demanding the immediate implementation of a ₦32,000 pension increase approved by President Bola Tinubu. The protesters, led by the chairman of the Coalition of Federal Pensioners, Lagos Chapter, Mukaila Ogunbote, carried placards with inscriptions such as “PTAD […]

News

Pensioners press lawmakers to act on Tinubu-approved ₦758bn bond

Pensioners enrolled in Nigeria’s Contributory Pension Scheme have called on the National Assembly to approve the full implementation of the ₦758 billion Treasury bond announced earlier this year. The bond, approved by President Bola Tinubu in February 2025 during a Federal Executive Council meeting, is aimed at settling long-standing pension arrears owed to federal retirees […]

Pension funds climb by 22% to N18tn - NAICOM
News

Pension funds climb by 22% to N18tn – NAICOM

The total assets under the Contributory Pension Scheme hit N18.36 trillion by the end of 2023, according to National Pension Commission data. The PUNCH reported that PenCom’s unaudited report on pension funds sector portfolio for the period ended December 2023; Approved Existing Schemes, Closed Pension Fund Administrators and RSA funds (including unremitted contributions @CBN & […]

NGX to draw in more investors - CEO
Business

NGX, PenCom collaborate to boost pension funds in equity market

The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will increase the involvement of Pension Fund Administrators in the equity market via the NGX Pension Broad Index. The Acting CEO of Nigerian Exchange Limited, Mr. Jude Chiemeka, noted in a news release that the NGX Pension Broad Index has performed well since its […]

FG may increase employee pensions in 2024 - Wages Commission
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FG may increase employee pensions in 2024 – Wages Commission

The National Salaries, Incomes and Wages Commission’s study on the harmonization of pensions, which was submitted to the Federal Government, includes information that suggests pensioners in the federal civil service may receive an increase in their pension stipends in the upcoming year. According to The Punch, It was learned that both Federal Government pensioners under […]

FG may increase employee pensions in 2024 - Wages Commission
featured

Pensioners urge PTAD to tackle payment issues, others

The Association of Retired Federal Senior Public Officers of Nigeria has urged the Pension Transitional Arrangement Directorate to reinstate the use of the Salaries and Wages Commission’s legally approved monthly benefit payment structure in the distribution of its members’ monthly pension payments. According to The Punch, ARFESPON requested PTAD in a statement to abandon its […]

PenCom recovers N25.45bn unremitted contributions
Business

PenCom orders PFAs to open branches in all geopolitical zone

All Pension Fund Administrators have been ordered by the National Pension Commission to establish branch offices in at least two states in each geopolitical region of the country. Additionally, PenCom ordered PFAs to establish a branch office in any state where it has up to 10,000 funded retirement savings accounts, or RSAs. PenCom stated that the […]

FG may increase employee pensions in 2024 - Wages Commission
News

Lagos pays 644 retirees N2bn pension

The Lagos State Government has paid 644 retirees a total of N2.017 billion in retirement payments. According to the National News Agency of Nigeria, the Director-General of the Lagos State Pension Commission, Babalola Obilana, made the statement on Wednesday during the distribution of the 101st batch of Retirement Bond Certificates to pensioners in Lagos State. According to […]

PenCom recovers N25.45bn unremitted contributions
News

Retirees withdraw N7.79bn savings, quit pension scheme – PenCom

In one year, 15,634 workers who retired under the Contributory Pension Scheme and could not receive up to N10,000 monthly stipends withdrew N7.79 billion from their respective Pension Fund Administrators’ Retirement Savings Accounts. According to The Punch,  National Pension Commission’s weekly report on en-bloc payments to retirees reveal that these retirees were those who had less […]

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