insurance and pension news
Wednesday, September 17, 2025
Kindly leave a comment and share Chuks Udo Okonta Worried about the impacts of inflation on savings, the National Pension Commission (PenCom) has said it would work to ensure that pension fund operators generate inflation plus returns for retirees and Retirement Savings Account (RSA) holders. The Director General of PenCom […]
Kindly leave a comment and share Chuks Udo Okonta The British Deputy High Commissioner Jonny Baxter has reiterated United Kingdom’s commitment to supporting Nigeria’s transition to more strategic deployment of long-term capital. He made the submission at the National Pension Commission (PenCom) and the Financial Sector Deepening Africa (FSD Africa) […]
Kindly leave a comment and share Chuks Udo Okonta Not comfortable with the imbalance in the investments of pension fund assets, where over 80 per cent are invested in fixed income securities with Federal Government Securities accounting for 62 per cent of total pension assets valued at N24.11 trillion as […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said strengthening compliance will be its main interest when the Pension Reform Act (PRA 2004) will be reviewed. The Director General of PenCom Ms Omolola Oloworaran, who anticipated a review of the Act, disclosed this […]
Kindly leave a comment and share Chuks Udo Okonta Onboarding informal sector workers in the Micro Pension Plan (MPP) has remained a great challenge for most Pension Fund Administrators (PFAs), as some of them recorded zero, three and eight contributors in the fourth quarter of 2024. The National Pension Commission […]
Chuks Udo Okonta The National Pension Commission (PenCom) has said employers that failed to enroll their contract staff in the Contributory Pension Scheme (CPS) would be heavily sanctioned from November 30, 2025. The Director General of PenCom Ms. Omolola Oloworaran, disclosed this yesterday during a press conference in Lagos, noting […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has introduced Pension Boost, an initiative that has led to an increase of monthly pension payment under the Contributory pension Scheme (CPS) from N8.3 billion to N11.9 billion. The Director-General of PenCom Ms Omolola Oloworaran, disclosed […]
Kindly leave a comment and share Chuks Udo Okonta The Chartered Pension Institute of Nigeria (CPIN) has said it intends to honour top management staff with long years of experience and contributions towards the development of the pension industry with honorary/direct membership in its forthcoming induction program billed for June […]
Kindly leave a comment and share Chuks Udo Okonta The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has raised alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, revealing that newspaper owners owe journalists over N720 million unpaid pension […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and the Office of the Head of the Civil Service of the Federation (OHCSF) are collaborating to introduce a Gratuity Framework for civil servants in treasury-funded Ministries Departments and Agencies (MDAs) under the Contributory Pension Scheme […]
