The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria’s premier fast-moving consumer goods manufacturers and industrial conglomerates have made an aggressive retreat from commercial banking halls, turning instead to domestic debt markets on the Nigerian Exchange (NGX) and FMDQ Securities Exchange. As a result of maximum lending rates exceeding 30 percent due to relentless monetary policy tightening by the Central Bank of Nigeria…
The Pension Transitional Arrangement Directorate has paid 3.82 billion naira in pension arrears to 30,356 retirees under the Defined Benefit Scheme. The agency released the money after completing a nationwide audit of disputed calculations. Beneficiaries span parastatals, defunct agencies, and tertiary health and education departments. Senior citizens have waited years for the state to settle…
The National Pension Commission has reached the final administrative stages of deploying a dedicated pension industry infrastructure fund to drive long-term domestic economic growth. Omolola Oloworaran, the director-general, confirmed that the regulatory body has already completed the primary governance framework for the Pension Industry Infrastructure Fund (PIIF). Licensed pension fund administrators are currently reviewing the…
The National Pension Commission and the Independent Corrupt Practices and Other Related Offences Commission have recovered over N3 billion in unremitted pension deductions from defaulting employers. The enforcement drive targeted chronic violators within the domestic electricity sector who withheld statutory worker savings. Officials have already credited the clawed-back funds directly into the individual retirement savings…
Despite widespread legislation across Nigeria’s 36 states, only seven states and the Federal Capital Territory are fully implementing pension reform laws, the National Pension Commission has revealed, leaving millions of civil servants facing an uncertain retirement future. PenCom Director-General Mrs Omolola Oloworaran made the disclosure on Thursday in Abuja during the maiden bi-annual consultative session…
Faced with worryingly low turnout in a nationwide exercise critical to settling long-standing retirement obligations, the Federal Government has issued a firm directive to Ministries, Departments and Agencies to ensure full compliance with an ongoing pension verification and enrolment programme for civil servants with accrued pension rights. The National Pension Commission, PenCom, confirmed that…
Pension fund assets tied to Federal Government of Nigeria (FGN) debt securities climbed by 16.9 per cent year-on-year to N16.925 trillion in February 2026. This figure stood at N14.468 trillion during the same period last year. The total net asset value of the pension industry grew by 28.7 per cent to N29.426 trillion over the…
Nearly N30 billion in pension contributions sits in a financial purgatory. These funds belong to Nigerian workers but remain uncredited to their Retirement Savings Accounts. The National Pension Commission blames a messy cocktail of employer negligence and data blunders. Thousands of employees now face a future where their savings exist only on paper. The system…
The Court of Appeal in Abuja has overturned a lower court’s decision, awarding ₦10 million in costs against the National Pension Commission (PenCom) for “unlawful labour practices.” A three-member panel, led by Justice Bilkisu Bello Aliyu, ruled that PenCom’s treatment of 20 aggrieved workers was unjustifiable. The workers were officially hired in 2017 but left…
Nigeria’s pension industry has opened 2026 with a formidable expansion, as total assets hit N28.04 trillion by the end of January. This represents a 22.64% increase from the N22.86 trillion recorded the previous year. The industry added N580 billion in value in a single month, a growth spurt driven by both consistent contributions and robust…