Pension

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The Pension Fund Operators Association of Nigeria (PenoP) says the policy by the National Pension Commission which allows owners of Retirement Savings Accounts to use 25 percent of their account balance for mortgage will reduce the huge…

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The National Pension Commission has listed 26 commercial banks in Nigeria as its approved mortgage lenders, and three non-interest banks to provide residential and commercial mortgage to workers under the Contributory Pension Scheme to…

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The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National Pension Commission have revealed. The figures showed that the assets rose from N14.99tn in December 2022 to N15.58tn by…

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The National Pension Commission (PenCom) has urged artisans, traders, and other self-employed people to enroll in the Micro Pension Plan of the commission to guarantee a functional retirement system they can rely on. The Head, Corporate…

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The Kaduna State Government in north west Nigeria has released N920 million for the settlement of outstanding pension liabilities, death benefits of deceased civil servants and gratuities. This is contained in a statement issued by the…

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The Pension Transitional Arrangement Directorate (PTAD) has paid a total of N12,393,567,595.80 representing 15-months settlement of inherited unfunded pension liabilities to 11,145 penaioners of the defunct Nigeria Telecommunication Limited…

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The Nasarawa State Pension Bureau( Local Government Department), says the State Government has earmarked N5.2 billion for the payment of pensions and gratuities of Local Government Pensioners in the State. The Director of Finance…

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Nigeria's National Pension Commission (PenCom) has issued a revised regulation on retirement and terminal benefits for immediate implementation. This is the maiden comprehensive review of the regulation since its initial issuance in the…

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Nigeria’s House of Representatives Committee on Public Accounts has instituted an ad-hoc committee to audit the Pension Transitional Arrangement Directorate (PTAD)  over various sums appropriated annually to the Agency since its…

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A bill seeking to establish the Police Pension Board, sponsored by Senator Elisha Abbo, representing Adamawa North, has scaled second reading at plenary. The bill was read for the first time on June 14, 2022. Leading the debate on the…