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Pension
FG Approves 100% Gratuity for Retiring Federal Civil Servants
The Federal Executive Council has approved the implementation of an Exit Benefit Scheme that will grant retiring federal civil servants a gratuity equivalent...
PenCom DG Meets Finance Minister to Strengthen Nigeria’s Pension System
From left: Director General, National Pension Commission (PenCom), Omolola Oloworaran with the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale...
PenCom Licenses Awabah as Nigeria’s First Accredited Pension Agent
BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) has officially licensed Awabah as Nigeria’s first Accredited Pension Agent (APA) under the Personal Pension Plan...
PenCom, PFAs To Introduce Self-Service Platform for Pension Data Recapture
BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), will launch a self-service online data recapture application known...
PenCom Increases NSITF Retirees’ Monthly Pensions from ₦12.56m to ₦159.95
BY NKECHI NAECHE-ESEZOBOR-The National Pension Commission (PenCom) has approved a landmark upward review of pensions for 2,116 retirees under the Nigeria Social Insurance...
Cornerstone Insurance Strengthens Market Position with Lasaco Annuity Takeover
BY NKECHI NAECHE-ESEZOBOR—Cornerstone Insurance Plc has officially taken over Lasaco Assurance Plc’s annuity business and assured customers of timely annuity payments. Group Managing...
PenCom Directs PFAs to Appoint Auditors, Actuaries for AES and ABS
The National Pension Commission (PenCom) has issued a new circular directing all Pension Fund Administrators (PFAs) to ensure that Trustees and Sponsor Companies...
Nigeria’s Pension Assets Rise 17% to ₦26.66trn in 10 Months
Nigeria’s pension fund assets have risen by 17% to N26.66 trillion in the first 10 months of 2025, driven by increased contributions and...
