Pension
PFAs Face N276.8bn Capital Gap Under New PenCom Rules
Nigeria’s Pension Fund Administrators (PFAs) will need a combined N276.8 billion to meet the new capital requirements announced by the National Pension Commission....
Niger State Spends ₦5bn on Pension Payments in Eight Months
The Niger State Pension Board has spent ₦5 billion out of the ₦9.1 billion budgeted for pension payments between January and August 2025....
PenCom Recovers N1.58bn from Defaulting Employers as Pension Assets Soar to N23tn
To safeguard the retirement savings of Nigerian workers, the National Pension Commission (PenCom) has announced the successful recovery of N1.58 billion from defaulting...
PenCom Flags 26 States for Pension Non-Compliance, Workers at Risk
The National Pension Commission (PenCom) has issued a stern warning to 26 states and the Federal Capital Territory (FCT) for their continued failure...
Nigerian Government to Issue N758bn Bonds to Clear Pension Debts
The Nigerian government has announced plans to issue bonds worth N758 billion to address outstanding pension liabilities for retirees under the old Defined...
Kwara governor announces plan to scrap pension for former governors
Kwara State Governor, Abdulrahman Abdulrazaq, on Friday announced plans by his administration to scrap the payment of pension and other entitlements to former...
Lagos State Government Pays N892m Accumulated Pension Rights
The Lagos State Government says it has paid N892 million into the Retirement Savings Accounts of 156 retirees for the 50th batch under...
Pensioners Applaud Buhari For Early Payment Of August Pension
The Nigerian Union of Pensioners (NUP) has praised President Muhammadu Buhari for the early payment of their August pension. The union said the...
President Buhari Releases N54b to Clear Arrears of Pension
The Muhammadu Buhari administration has released N54 billion to clear part of the backlog of accrued pension rights for the years 2014, 2015...