Archives for PENSIONS
FG Moves for Online Verification, Enrolment Exercise for Pre-2004 Treasury-Funded Civil Servants
BY NGOZI ONYEAKUSI Acting DG, PenCom The Federal Government has intensified efforts to improve participation in the ongoing mandatory verification and enrolment exercise for civil servants with accrued pension rights,…
FG moves to close pension gap, orders pre-2004 workers to enrol online
The Federal Government has stepped up efforts to compel participation in the ongoing nationwide verification and enrolment exercise for treasury-funded civil servants employed before June 30, 2004, as low turnout…
PenOp Unveils New Executive, Donald Onuoha Emerges As President
BY NGOZI ONYEAKUSI The Pension Fund Operators Association of Nigeria (PenOp) has announced the election of Mr. Donald Onuoha as its new President and the Chairman of its Executive Committee.…
FG Inaugurates PenCom Board, Tasks Members on Governance, Protection of Pension Assets
NGOZI ONYEAKUSI The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), charging members to uphold the highest standards of corporate governance and safeguard over ₦28…
Pension funds record N28tn as contributors exceed 11m
The Nigerian pension fund industry started 2026 on a high note, with total pension fund assets surging to a new milestone of tn as of 31 January 2026, indicating a…
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…
