The Pension Fund Administrators (PFAs) have implored pension contributors under the Contributory Pension Scheme (CPS) to embrace the ongoing data recapturing exercise across the country to enable them fully maximize the benefits in the system.

Niger government will complete the abandoned N2.4 billion Minna new stadium project at Maikunkele before the expiration of the administration’s tenure in 2023.

Life insurance operators have generated N328.88 billion premium from annuity since the inception of the Contributory Pension Scheme (CPS). According to the National Pension Commission (PenCom) in its fourth quarter 2018 reports, life underwriters also made monthly annuity payments of N3.26 billion as at the end of fourth quarter, 2018. PenCom noted that it approved…

In compliance to the Pension Reform Act (PRA) 2014, the National Pension Commission (PenCom), has given employers of labour up till March 31st, to comply with the guidelines for life insurance policy for employees, and the submission of insurance certificates. PenCom said the decision was taken in pursuance of provisions of Section 4(5) of PRA…

Mrs. Aisha Dahir-Umar is the Acting Director-General of the National Pension Commission (PenCom). Despite acclaimed achievements with the Contributory Pension Scheme (CPS), the industry is yet to capture the objectives of the section 39(2). In this interview with BANKOLE ORIMISAN, she speaks on how budgetary funding/releases had not been regular and adequate for the payment of outstanding accrued pensions in last…

National Pension Commission (PenCom) has developed the Enhanced Contributor Registration System (ECRS) to facilitate the enrolment of participants in the Micro Pension Scheme when the scheme is rolled out, according to Mrs. Aisha Dahir-Umar, acting director-general of the commission. Dahir-Umar who spoke in Calabar said the ECRS was developed to clean-up data in the Contributory…

The National Pension Commission (PenCom) has disclosed that the Micro Pension Scheme which the Federal Government recently approved its operational guidelines...

Mrs. Aisha Dahir-Umar is the Acting Director-General of the National Pension Commission (PenCom). Despite acclaimed achievements with the Contributory Pension Scheme (CPS), the industry...

Hopes may be rising for the long-sought financing of critical infrastructure in the country with the hugely pooled pension contributions, as about N1.6 trillion, representing 20 per cent of the N8 trillion contributed, would be invested for that purpose.

With effect from July 2018, contributors to Nigeria’s contributory pension scheme (CPS) will now have options regarding how their contributions are invested and have the prerogative to direct their Pension Fund Administrators (PFAs) to invest their pension contributions in line with these options. Since 2004, when the CPS was introduced, the pension contributions of active…

If Nigeria’s pensions landscape was a Google Search bar and one had the opportunity to enter any given year before 2004, the results would have been easily organisable...

Nigeria’s Contributory Pensions Scheme (CPS) that came into place by the Pension Reform Act 2004, as amended in 2014, faces a major challenge capable of eroding the successes already achieved...