Archives for PENSIONS
Pension assets close 2025 at historic N27.45tn high
Nigeria’s pension fund assets closed 2025 at a historic high of , consolidating the steady growth recorded through the final quarter of the year, according to the unaudited pension funds…
PenCom, PFAs Unveil Data Recapture Self-Service Platform Feb 1
BY NGOZI ONYEAKUSI The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), is set launch a self-service online data recapture application known as the Data Recapture Self-Service…
LIRS EXTENDS DEADLINE FOR FILING OF ANNUAL RETURNS TO FEBRUARY 7, 2026
BY NGOZI ONYEAKUSI The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of employers’ annual tax returns by one week, from February 1 to February 7,…
PenCom Increases NSITF Pensions by 1,173%, Pays ₦8.70bn Arrears to 2,116 Retirees
BY NGOZI ONYEAKUSI DG, PenCom The National Pension Commission (PenCom) has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), increasing their…
Private sector leads as pension contributions hit N1.318tn
Total pension contributions reached in the first three quarters of 2025, according to data from the National Pension Commission, driven primarily by stronger inflows from the private sector. An analysis…
Price war: Retailers drop petrol below Dangote’s N739/litre
The price war in the petroleum sector has continued to deepen as some retail outlets have dropped the prices of Premium Motor Spirit (petrol) below the N739 per litre recommended…
PenCom empowers PFAs to appoint external auditors, actuaries
The National Pension Commission has empowered Pension Fund Administrators to appoint external auditors and actuaries for Approved Existing Schemes and Additional Benefits Schemes. This was indicated in the latest circular…
PenCom recovers N4bn from defaulters as assets hit N26trn
DG, PenCom The National Pension Commission (PenCom) has stated that it has so far recovered pension from defaulting employers from January to November 2025. The Commission also reported stronger compliance…
PenCom shifts pension recapitalisation deadline to June 2027
The National Pension Commission has moved the pension industry recapitalisation deadline to June 2027, extending it from December 2026. This was disclosed by the Director-General of PenCom, Ms Omolola Oloworaran,…
PenCom Lauds FG’s ₦758 bn To Clear Pension Liabilities
BY NGOZI ONYEAKUSI The Director General of the National Pension Commission (PenCom) Omolola Oloworaran has commended President Bola Ahmed Tinubu for approving over ₦758 billion to settle outstanding pension liabilities.…
