Tag: PenCom

SEC pushes stakeholder collaboration to unlock Nigeria’s capital market potential

Business Damilola Bayonle -
Nigeria’s capital market regulator has intensified calls for deeper institutional cooperation as part of efforts to unlock the full...

Retirement crisis looms as over 75 million informal workers remain outside Nigeria’s pension safety net

Business Damilola Bayonle -
Nigeria is facing a deepening retirement security crisis as more than 75 million workers in the informal economy risk...

Bullish signal for NGX as PenCom raises equity caps, unlocking pension-driven market liquidity

Business Damilola Bayonle -
PenCom’s policy shift reshapes Nigeria’s investment landscape Nigeria’s capital market received a strong confidence boost after the National Pension Commission...

PenCom unveils digital platform to resolve pension data issues nationwide

Business Damilola Bayonle -
The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), has launched a new digital application aimed...

Relief at last: PenCom pays N8.70bn arrears, raises NSITF pensions after 21 Years

Business Damilola Bayonle -
The National Pension Commission (PenCom) has approved the payment of N8.70bn in pension arrears to 2,116 retirees under the...

Retirement payouts surge 96% to N789.7bn in 2025 – PenCom reports historic growth

Business Damilola Bayonle -
The Nigerian pension system witnessed a dramatic surge in retirement payouts, reaching N789.69 billion in the first three quarters...

Personal pension plan surges to N1.58bn in August: A game-changer for Nigerian retirement security

Business Damilola Bayonle -
Nigeria’s retirement savings landscape is witnessing a remarkable transformation, as the Personal Pension Plan (PPP) recorded a significant surge...

PenCom’s personal pension plan expands voluntary contributions nationwide

Business Damilola Bayonle -
The National Pension Commission (PenCom) has unveiled its rebranded Personal Pension Plan (PPP) — a major reform designed to...

Pension Assets Rise to N26 Trillion as FGN Securities Lead

Business Damilola Bayonle -
Nigeria’s pension industry has recorded another steady advance, with total pension assets rising to N26 trillion in August 2025,...

Nigeria’s pension funds cross N25tn milestone amid strong growth

Business Damilola Bayonle -
Nigeria’s pension industry has achieved a historic milestone as Nigeria’s pension funds cross N25tn, reflecting sustained growth in retirement...

PenCom imposes bold ban on majority shareholding in multiple PFOs to protect pension assets

Business Damilola Bayonle -
The National Pension Commission (PenCom) has introduced fresh regulatory guidelines that categorically prohibit significant cross-shareholding in multiple licensed Pension...

Shock rise: mortgage equity contributions soar 279% to N39bn

Business Damilola Bayonle -
Equity contributions for residential mortgages under Nigeria’s Contributory Pension Scheme (CPS) have recorded an unprecedented surge, rising 279 per...