PENCOM – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 28 May 2026 22:50:12 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png PENCOM – InfoStride News https://www.theinfostride.com 32 32 PenCom Says Board Inauguration Beyond Its Control Amid NLC Concerns https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/ https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/#respond Thu, 28 May 2026 22:55:49 +0000 https://www.theinfostride.com/?p=465953 The National Pension Commission (PenCom) has responded to the Nigeria Labour Congress (NLC) over its recent criticism regarding the delayed inauguration of the commission’s board, stating that the process is outside its jurisdiction. The NLC had accused PenCom of stalling the constitution of its governing board, which it claimed was affecting decision-making and proper oversight [...]

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]]> https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/feed/ 0 FG Appoints Opeyemi Agbaje as PenCom Chairman Amid NLC Pressure https://www.theinfostride.com/fg-appoints-opeyemi-agbaje-as-pencom-chairman-amid-nlc-pressure/ https://www.theinfostride.com/fg-appoints-opeyemi-agbaje-as-pencom-chairman-amid-nlc-pressure/#respond Thu, 28 May 2026 22:50:16 +0000 https://www.theinfostride.com/?p=465299 The Federal Government has announced the appointment of Opeyemi Agbaje as the new Chairman of the National Pension Commission (PenCom), a move that comes after weeks of pressure from the Nigeria Labour Congress (NLC). The appointment is expected to bring stability to the commission and restore confidence in the management of the country’s pension system. [...]

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]]> https://www.theinfostride.com/fg-appoints-opeyemi-agbaje-as-pencom-chairman-amid-nlc-pressure/feed/ 0 PenCom Sets December 2026 Deadline for PFAs to Reach ₦20bn Capitalisation https://www.theinfostride.com/pencom-sets-december-2026-deadline-for-pfas-to-reach-%e2%82%a620bn-capitalisation/ https://www.theinfostride.com/pencom-sets-december-2026-deadline-for-pfas-to-reach-%e2%82%a620bn-capitalisation/#respond Tue, 26 May 2026 12:26:57 +0000 https://www.theinfostride.com/?p=467627 The National Pension Commission (PenCom) has announced that all Pension Fund Administrators (PFAs) must meet a recapitalisation threshold of ₦20 billion by December 2026. The directive, unveiled in a regulatory circular to stakeholders, underlines the commission’s resolve to strengthen Nigeria’s pension industry, enhance financial sector stability, and boost public confidence in pension fund management. PenCom’s [...]

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]]> https://www.theinfostride.com/pencom-sets-december-2026-deadline-for-pfas-to-reach-%e2%82%a620bn-capitalisation/feed/ 0 PenCom Moves to Expand Micro Pension Scheme Beyond 200,000 Enrollees https://www.theinfostride.com/pencom-moves-to-expand-micro-pension-scheme-beyond-200000-enrollees/ https://www.theinfostride.com/pencom-moves-to-expand-micro-pension-scheme-beyond-200000-enrollees/#respond Tue, 26 May 2026 11:35:34 +0000 https://www.theinfostride.com/?p=467159   The National Pension Commission (PenCom) has announced plans to redesign the Micro Pension Plan (MPP) to capture millions of Nigerians in the informal sector, as the number of registered contributors remains slightly above 200,000 despite the scheme being introduced more than five years ago. PenCom said the revamp would make the scheme more attractive [...]

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]]> https://www.theinfostride.com/pencom-moves-to-expand-micro-pension-scheme-beyond-200000-enrollees/feed/ 0 PenCom Restricts Multiple Majority Shareholding in Pension Fund Operators to Safeguard Sector Integrity https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/ https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/#respond Tue, 26 May 2026 11:10:35 +0000 https://www.theinfostride.com/?p=467043 The National Pension Commission (PenCom) has rolled out a decisive regulatory reform aimed at tightening governance within Nigeria’s pension industry by banning majority ownership in more than one Pension Fund Operator (PFO). The move, according to the Commission, is designed to prevent conflicts of interest, entrench transparency, and maintain fairness in a sector that now [...]

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]]> https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/feed/ 0 PenCom Redesigns Pension Scheme to Capture Informal Sector https://www.theinfostride.com/pencom-redesigns-pension-scheme-to-capture-informal-sector/ https://www.theinfostride.com/pencom-redesigns-pension-scheme-to-capture-informal-sector/#respond Tue, 26 May 2026 10:20:38 +0000 https://www.theinfostride.com/?p=466973 PenCom has announced a renewed focus on the informal sector as it moves to expand pension coverage and boost financial inclusion through a redesigned micro pension plan. The initiative is aimed at addressing one of the most critical gaps in Nigeria’s retirement savings structure—the exclusion of millions of workers in the informal economy from any [...]

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]]> https://www.theinfostride.com/pencom-redesigns-pension-scheme-to-capture-informal-sector/feed/ 0 PenCom Mandates Reporting of Dollar-Denominated Pensions Above $10,000 https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/ https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/#respond Wed, 25 Feb 2026 16:43:38 +0000 https://www.theinfostride.com/?p=467222 The National Pension Commission (PenCom) has issued a new directive requiring pension fund operators (PFOs) to report all dollar-denominated pension contributions or benefits exceeding US$10,000. The move is part of broader measures aimed at strengthening oversight, enhancing transparency in cross-border pension transactions, and curbing potential abuses in the pension sector. Under the new rule, any [...]

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]]> https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/feed/ 0 PenCom Plans to Increase Funding Cap for Infrastructure and Equity Investments https://www.theinfostride.com/pencom-plans-to-increase-funding-cap-for-infrastructure-and-equity-investments/ https://www.theinfostride.com/pencom-plans-to-increase-funding-cap-for-infrastructure-and-equity-investments/#respond Thu, 25 Dec 2025 10:36:27 +0000 https://www.theinfostride.com/?p=466034 The National Pension Commission (PenCom) is preparing to revise its investment guidelines by raising the allowable limit for pension fund contributions channeled into infrastructure and equity markets. This move is aimed at unlocking more capital to support Nigeria’s economic growth, particularly in critical sectors that can drive sustainable development and create long-term value for contributors. [...]

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]]> https://www.theinfostride.com/pencom-plans-to-increase-funding-cap-for-infrastructure-and-equity-investments/feed/ 0 PenCom Cautions PFAs Against Investing in Banks’ AT1 Capital Instruments https://www.theinfostride.com/pencom-cautions-pfas-against-investing-in-banks-at1-capital-instruments/ https://www.theinfostride.com/pencom-cautions-pfas-against-investing-in-banks-at1-capital-instruments/#respond Thu, 25 Dec 2025 09:48:22 +0000 https://www.theinfostride.com/?p=465487 The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs), directing them to avoid investing workers’ retirement savings in banks’ Additional Tier-1 (AT1) capital instruments. The caution follows heightened concerns over the risk profile of such assets, which have come under global scrutiny after recent financial sector shocks. According to [...]

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]]> https://www.theinfostride.com/pencom-cautions-pfas-against-investing-in-banks-at1-capital-instruments/feed/ 0 PenCom Sanctions Seven Mortgage Banks for Housing Loan Violations https://www.theinfostride.com/pencom-sanctions-seven-mortgage-banks-for-housing-loan-violations/ https://www.theinfostride.com/pencom-sanctions-seven-mortgage-banks-for-housing-loan-violations/#respond Thu, 25 Dec 2025 09:12:52 +0000 https://www.theinfostride.com/?p=465400 The National Pension Commission (PenCom) has blacklisted seven mortgage banks in Nigeria for breaching regulatory guidelines on housing loan schemes tied to the Contributory Pension Scheme (CPS). The move, which industry experts describe as a bold step toward strengthening transparency and protecting pension contributors, underscores PenCom’s resolve to ensure that the housing component of the [...]

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]]> https://www.theinfostride.com/pencom-sanctions-seven-mortgage-banks-for-housing-loan-violations/feed/ 0 PenCom Extends Pension Recapitalisation Deadline to June 2027 https://www.theinfostride.com/pencom-extends-pension-recapitalisation-deadline-to-june-2027/ https://www.theinfostride.com/pencom-extends-pension-recapitalisation-deadline-to-june-2027/#respond Fri, 19 Dec 2025 14:38:57 +0000 https://www.theinfostride.com/?p=473772 The National Pension Commission (PenCom) has officially announced the extension of the pension fund administrators (PFAs) recapitalisation deadline to June 2027, giving operators additional time to meet the regulator’s revised capital requirements. The move underscores the commission’s commitment to ensuring a robust, well‑capitalised pension industry capable of protecting contributors’ savings and sustaining long‑term financial stability. [...]

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]]> https://www.theinfostride.com/pencom-extends-pension-recapitalisation-deadline-to-june-2027/feed/ 0 PenCom Recovers N4.04 Billion in Unpaid Pensions, Strengthens Contributors’ Confidence https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/ https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/#respond Fri, 19 Dec 2025 14:33:57 +0000 https://www.theinfostride.com/?p=473768 The National Pension Commission (PenCom) has successfully recovered N4.04 billion in unpaid pension funds, reaffirming its commitment to safeguarding the retirement savings of Nigerian workers and ensuring timely benefits for contributors under the Contributory Pension Scheme (CPS). The recovered funds, traced to various employers who had defaulted on pension remittances, reflect PenCom’s intensified regulatory oversight [...]

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]]> https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/feed/ 0 New Personal Pension Plan Democratises Voluntary Contributions – PenCom https://www.theinfostride.com/new-personal-pension-plan-democratises-voluntary-contributions-pencom/ https://www.theinfostride.com/new-personal-pension-plan-democratises-voluntary-contributions-pencom/#respond Thu, 16 Oct 2025 14:02:54 +0000 https://www.theinfostride.com/?p=469249 The National Pension Commission (PenCom) has announced that its newly introduced Personal Pension Plan (PPP) will revolutionise Nigeria’s pension landscape by democratising voluntary retirement savings and expanding access to self-employed individuals, freelancers, and informal sector workers. The Commission stated that the initiative is designed to give every Nigerian the opportunity to build a secure financial [...]

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]]> https://www.theinfostride.com/new-personal-pension-plan-democratises-voluntary-contributions-pencom/feed/ 0 Nigeria’s Pension Assets Climb to N26 Trillion in August Amid Increased Contributions https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/ https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/#respond Wed, 08 Oct 2025 17:06:52 +0000 https://www.theinfostride.com/?p=468569 Nigeria’s pension industry achieved a major milestone in August 2025 as total pension assets under management surged to ₦26 trillion, reflecting growing investor confidence and consistent remittance by both private and public sector employers. This significant rise marks a sustained period of growth for the Contributory Pension Scheme (CPS) despite macroeconomic challenges, inflationary pressures, and [...]

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]]> https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/feed/ 0 Pension Commission Confirms Over 844,000 Retirees Now Accessing Benefits https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/ https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/#respond Fri, 03 Oct 2025 16:08:04 +0000 https://www.theinfostride.com/?p=468176 The National Pension Commission (PenCom) has disclosed that more than 844,000 retirees across Nigeria are currently receiving retirement benefits under the Contributory Pension Scheme (CPS). According to the Commission, the figure represents both those who receive monthly pensions and others who have collected their lump-sum entitlements. This marks a significant milestone for the nation’s pension [...]

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]]> https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/feed/ 0 FG Plans ₦758 Billion Pension Bond to Settle Outstanding Liabilities — PenCom https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/ https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/#respond Fri, 19 Sep 2025 16:06:14 +0000 https://www.theinfostride.com/?p=466902 The Federal Government is preparing to issue a bond worth about ₦758 billion before the first week of October, aimed specifically at resolving long-standing pension liabilities, according to the National Pension Commission (PenCom). The move is intended to clear arrears owed to retirees and public sector pensioners, assuring them of relief after years of delay [...]

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]]> https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/feed/ 0 PenCom Calls for Increase in Police Pension Contributions to 20% to Enhance Retirement Security https://www.theinfostride.com/pencom-calls-for-increase-in-police-pension-contributions-to-20-to-enhance-retirement-security/ https://www.theinfostride.com/pencom-calls-for-increase-in-police-pension-contributions-to-20-to-enhance-retirement-security/#respond Thu, 14 Aug 2025 17:00:25 +0000 https://www.theinfostride.com/?p=464998 The National Pension Commission (PenCom) has urged the Federal Government to raise the pension contribution rate for the Nigeria Police Force from the current 10 percent to 20 percent, citing the need to ensure adequate retirement benefits and financial security for officers after years of service. The call was made by PenCom’s Director-General, Mrs. Aisha [...]

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]]> https://www.theinfostride.com/pencom-calls-for-increase-in-police-pension-contributions-to-20-to-enhance-retirement-security/feed/ 0 Tinubu Orders PenCom to Implement Pension Increases https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/ https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/#respond Fri, 08 Aug 2025 16:25:41 +0000 https://www.theinfostride.com/?p=464345 President Bola Tinubu has directed the National Pension Commission (PenCom) to commence the implementation of increases in pensions for retirees under the Contributory Pension Scheme (CPS), marking a significant policy step aimed at improving the welfare of senior citizens. The directive, announced on Thursday, is in line with the provisions of the Pension Reform Act [...]

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]]> https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/feed/ 0 PenCom Enforces Strict Pension Compliance for Fund Operators and Vendors https://www.theinfostride.com/pencom-enforces-strict-pension-compliance-for-fund-operators-and-vendors/ https://www.theinfostride.com/pencom-enforces-strict-pension-compliance-for-fund-operators-and-vendors/#respond Mon, 26 May 2025 23:58:09 +0000 https://www.theinfostride.com/?p=425622 The National Pension Commission (PenCom) has issued a directive mandating that all Licensed Pension Fund Operators (LPFOs) must conduct business only with vendors and service providers who possess a valid Pension Clearance Certificate (PCC). The move is part of PenCom’s ongoing efforts to ensure full compliance with the Contributory Pension Scheme (CPS) as outlined in [...]

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]]> https://www.theinfostride.com/pencom-enforces-strict-pension-compliance-for-fund-operators-and-vendors/feed/ 0 N5.51trn Pension Funds Driving Nigeria’s Real Sector – PenCom DG https://www.theinfostride.com/n5-51trn-pension-funds-driving-nigerias-real-sector-pencom-dg/ https://www.theinfostride.com/n5-51trn-pension-funds-driving-nigerias-real-sector-pencom-dg/#respond Wed, 09 Apr 2025 08:28:58 +0000 https://www.theinfostride.com/?p=407711 The Nigerian pension industry has significantly bolstered the nation’s real sector by allocating a substantial ₦5.51 trillion towards long-term financing initiatives. These investments span critical areas such as infrastructure, private equity, real estate, and subnational infrastructure projects, underscoring the industry’s pivotal role in economic development. Growth in Pension Assets The National Pension Commission (PenCom) reported [...]

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]]> https://www.theinfostride.com/n5-51trn-pension-funds-driving-nigerias-real-sector-pencom-dg/feed/ 0 BVN to Become Mandatory for RSA Holders Starting February – PenCom https://www.theinfostride.com/bvn-to-become-mandatory-for-rsa-holders-starting-february-pencom/ https://www.theinfostride.com/bvn-to-become-mandatory-for-rsa-holders-starting-february-pencom/#respond Mon, 20 Jan 2025 10:00:02 +0000 https://www.theinfostride.com/?p=401109 The National Pension Commission (PenCom) has announced that the Bank Verification Number (BVN) will be mandatory for all Retirement Savings Account (RSA) holders starting February. This move is aimed at enhancing data integrity, improving the efficiency of pension administration, and safeguarding contributors’ funds. In a statement, PenCom emphasized that the integration of BVNs into the [...]

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]]> https://www.theinfostride.com/bvn-to-become-mandatory-for-rsa-holders-starting-february-pencom/feed/ 0 PenCom to Overhaul Micro-Pension Scheme for Wider Adoption – DG https://www.theinfostride.com/pencom-to-overhaul-micro-pension-scheme-for-wider-adoption-dg/ https://www.theinfostride.com/pencom-to-overhaul-micro-pension-scheme-for-wider-adoption-dg/#respond Fri, 20 Dec 2024 14:10:28 +0000 https://www.theinfostride.com/?p=398344 The National Pension Commission (PenCom) has announced plans to remodel the micro-pension scheme to enhance its adoption and impact on Nigeria’s informal sector. The initiative aims to address challenges limiting the scheme’s reach while providing a more inclusive framework for informal workers to secure their retirement. Enhancing Accessibility and Participation PenCom’s Director-General revealed that the [...]

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]]> https://www.theinfostride.com/pencom-to-overhaul-micro-pension-scheme-for-wider-adoption-dg/feed/ 0 Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act https://www.theinfostride.com/lawyers-suggest-new-pencom-dg-does-not-have-15-years-experience-stipulated-in-pension-act/ https://www.theinfostride.com/lawyers-suggest-new-pencom-dg-does-not-have-15-years-experience-stipulated-in-pension-act/#respond Wed, 17 Jul 2024 08:44:10 +0000 https://www.theinfostride.com/?p=383596 President Bola Tinubu’s appointment of Ms. Omolola Bridget Oloworaran as the new Director-General of the National Pension Commission (PenCom), does not align with the relevant laws that founded the pension industry. This is according to comments from lawyers who spoke exclusively to Nairametrics and suggested that the appointee may not have met the minimum required [...]

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]]> https://www.theinfostride.com/lawyers-suggest-new-pencom-dg-does-not-have-15-years-experience-stipulated-in-pension-act/feed/ 0 FG to pay outstanding 2.5% pension contribution to retirees this week https://www.theinfostride.com/fg-to-pay-outstanding-2-5-pension-contribution-to-retirees-this-week/ https://www.theinfostride.com/fg-to-pay-outstanding-2-5-pension-contribution-to-retirees-this-week/#respond Wed, 28 Jul 2021 20:01:37 +0000 https://www.theinfostride.com/?p=302283 The Federal Government through National Pension Commission (PenCom) has revealed plans to begin the payment of outstanding 2.5 per cent pension contributions to retirees between 2019 to 2020 and also 2014 to 2018. Speaking at a workshop organised by the PenCom in Lagos, the Director-General, PenCom, Mrs. Aisha Dahir-Umar, said, the growth in the pension [...]

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