Politics
FG begins payment of N1.1bn additional exit benefits to 175 retirees
The federal government on Friday, September 11, commenced the payment of additional exit benefits to retiring civil servants, disbursing about N1.1 billion to ...
Business
PenCom to increase employers’ statutory pension contribution rate
Omolola Oloworaran, director-general (DG) of the National Pension Commission (PenCom), on Tuesday, July 21, said the agency is planning to increase employers’ statutory ...
Business
ICPC, PenCom recover over N3bn unremitted pension contributions from defaulting employers
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have announced the recovery of over N3 ...
Business
FG unveil PenCom board, task members to safeguard N28trn pension assets
The federal government has formally unveiled the governing board of the National Pension Commission, NPC, charging its members to uphold strong corporate governance ...
Legal
Court award N10m in costs against PenCom for unlawful labour practices against 20 employees
The court of appeal, Abuja Division, on Monday, March 23, set aside the judgment of the national industrial court and awarded ₦10 million ...
Politics
FEC approve exit gratuity scheme equivalent of 100% annual emolument to retiring civil servants
The Federal Executive Council (FEC) on Thursday, Wednesday, March 5, approved a new exit benefit scheme that will grant retiring federal civil servants ...
Business
PenCom increase allowable investment limits for ordinary shares across key RSA fund categories
Nigeria’s National Pension Commission (PenCom) on Monday, February 9, increased the allowable investment limits for ordinary shares across key Retirement Savings Account (RSA) ...
Business
PenCom partners Pension Fund Administrators to launch self-service online data recapture platform
The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), on Sunday, February 1, launched a self-service online data recapture application ...
Business
Jigawa govt approves N1bn for recapitalisation of state’s mortgage bank
The Jigawa state executive council on Wednesday, January 21, approved the recapitalisation of the state-owned mortgage bank, Jigawa Savings and Loans Limited, with ...
Business
FG disburse over N577bn to clear liabilities under Contributory Pension Scheme – PenCom reveal
The National Pension Commission (PenCom) on Tuesday, December 16, in Abuja, said the federal government has disbursed over N577 billion of the N758 ...